Economic sentiment in the euro area improved in October

By: Trademagazin editor Date: 2021. 10. 28. 11:02

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Near the historic peak, the euro area economic sentiment index improved in October instead of the deterioration expected by experts, while inflation expectations rose to record levels.

The economic climate in the euro area has improved

According to data posted on the website of the European Commission’s Directorate-General for Economic and Financial Affairs (EcFin) on Thursday, the value of the Economic Sentiment Indicator (ESI), which reflects consumer confidence in the economy, rose 0.8 points to 118.6 points in the euro area in October. The October figure barely fell short of the 119-point record set in July. (MTI)