en Economic Sentiment Indicator on the up after July's surge Economic Sentiment Indicator on the up after July's surge

After the surge in July, the Economic Sentiment Indicator (ESI) continued to improve in both the EU and the euro area, albeit at a slower pace.

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30/08/2010

The ESI t rose to 102.7 (up by 0.6 of a point) in the EU and to 101.8 (up by 0.7 of a point) in the euro area. In both the EU and the euro area the ESI is above its long-term average.

Among the largest Member States, the UK registered the most significant gain (+1.5), followed by Germany (+1.1) which remains in the lead. Improvements were less pronounced in Spain (+0.9) and in France (+0.4). In contrast, sentiment deteriorated in Italy (-0.9), Poland (-0.9) and even more so in the Netherlands (-2.1).

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