Economic sentiment deteriorated in the euro area and in the EU in October

By: Trademagazin editor Date: 2019. 10. 30. 11:08

Economic sentiment in the euro area deteriorated more than expected for the second consecutive month in October, reaching a five-year low, as industry sentiment is increasingly spreading to services and consumers, which is a bad signal for the region’s growth prospects.

The European Union’s Directorate-General for Economic and Financial Affairs (EcFin) announced on Wednesday that the Economic Sentiment Indicator (ESI), decreased by 0.9 points to 100.8 points in the euro area in October. (MTI)