Economic sentiment in the euro area deteriorated in November

By: Trademagazin editor Date: 2021. 11. 29. 11:05

The euro area economic sentiment index deteriorated as expected in November, when another wave of the coronavirus was on the rise in several countries.

The intensifying pandemic has not benefited the economic climate in the euro area

According to data posted on the website of the European Commission’s Directorate-General for Economic and Financial Affairs (EcFin) on Monday, the value of the Economic Sentiment Indicator (ESI) in the euro area fell by 1.1 points to 117.5 points. The indicator stood at a record high of 119 points in June.

In the European Union, the economic sentiment index is also weakening by 1.1 points to 116.5 points. (MTI)