The economic sentiment indicator of the euro zone rose in July

The euro area’s and EU’s economic sentiment indicator increased in July and indicates less pessimistic expectations – the EU Commission announced on Tuesday.

In the 17-member euro area, the Economic Sentiment Indicator (ESI) increased by 1.2 points to 92.5 points in July, compared to the previous month's 91.3 points, but it became worse than the previously expected 92.6 points.

In July, after three consecutive monthly rise, the ESI index reached its highest value since April 2012.

With the July accession of Croatia, the 28-member European Union's economic sentiment index became 95.0 points in July. The index stands 2.4 points higher than in June. (MTI)