Eurozone Economic Confidence Improves Marginally In September
September 29 2021 - 1:49AM
RTTF2
Eurozone economic confidence improved marginally in September,
survey results from the European Commission showed on
Wednesday.
The economic confidence index rose unexpectedly to 117.8 in
September from 117.6 in the previous month. The score was forecast
to fall to 116.9.
The stability of the economic sentiment in September resulted
from improving confidence in construction and among consumers being
offset by worsening confidence in services and retail trade.
The industrial sentiment index improved to 14.1 in September
from 13.8 in August, while it was forecast to fall to 12.5.
Meanwhile, the services confidence index dropped
more-than-expected to 15.1 from 16.8 a month ago. The expected
reading was 16.5.
The consumer confidence index advanced to -4.0, in line with
flash estimate, from -5.3 in the previous month. The increase
reflected improvement in households' assessments of their past
financial conditions and intentions to make major purchases.
Driven by the substantial deterioration of managers' assessment
of past and expected business activity, the retail trade sentiment
indicator declined to 1.3 from 4.6 in August.
The construction sentiment index climbed to 7.5 from 5.5 in
August as managers were more upbeat about employment
expectations.
The employment expectations indicator grew 0.8 points to 113.6
in September driven by improved employment plans in services and
construction. The reading hit its highest level since summer/autumn
2018.
At the same time, selling price expectations firmed further in
industry, retail trade and services.
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