Euro zone: economic sentiment improved in January


(CercleFinance.com) – In January 2023, the economic sentiment indicator (ESI) picked up again compared to the previous month, in the European Union (+2.3 points to 98.0) as in the euro (+2.8 points to 99.9), according to the European Commission.

“With this third consecutive increase, the ESI is approaching its long-term average”, underlines Brussels which notes rising confidence in industry, services, retail trade and among households, but in decline in the construction.

The employment outlook indicator (IEE) also increased (+2.3 points to 108.5 in the EU and +2.7 points to 110.1 in the euro zone) and is therefore clearly above its long-term average.

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