Economic sentiment rose a slight 0.2 points in November, both in the euro zone and in the European Union (EU), remaining below the long-term average in both, the European Commission reports this Thursday, 27th.
According to data released by the Community executive’s Directorate-General for Economic and Financial Affairs, the economic sentiment indicator stood at 96.8 points in the EU in November and 97 points in the euro area.
Brussels indicates that, in the EU, the increase in confidence in the services, retail trade and construction sectors was offset by a decline in the industrial sector.
Consumer confidence, on the other hand, remained practically stable from October to November.
Considering the largest EU economies, economic sentiment improved in Spain (2.0 points), Italy (1.1), France (0.8) and Poland (0.5), having slightly decreased in Germany and the Netherlands (-0.3 points each).
The Commission also announces, in the same bulletin, that the employment expectations indicator increased in the EU by 1.1 points to 98.8 and in the euro area by 0.8 points to 97.8.