Prior -14.9Economic confidence 96.8 vs 96.0 expectedPrior 95.5; revised to 95.6Services confidence 4.0 vs 3.8 expectedPrior 3.6; revised to 3.7Industrial confidence -8.2 vs -10.0 expectedPrior -10.3; revised to -10.1
Euro area economic sentiment is seen improving further in October but overall, it doesn’t say much with conditions still staying as they are in keeping the ECB sitting on their hands. Germany is still the main focus now, with inflation pressures remaining stubborn amid flagging economic growth.
This article was written by Justin Low at investinglive.com.