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Economic Sentiment gains further momentum

29.11.2010 - In November, the Economic Sentiment Indicator improved further in both the EU and the euro area.

In November, the Economic Sentiment Indicator (ESI) improved further in both the EU and the euro area. The indicator increased strongly, climbing by 1.3 points to 105.2 in the EU and by 1.5 points to 105.3 in the euro area. These results were boosted by strong positive readings in Germany.

A majority of Member States reported either improvement or stabilisation in sentiment. Among the seven largest Member States, Germany registered the most significant increase (+2.8), followed by Italy (+1.4). Improvement was less pronounced in the UK (+0.5) and in the Netherlands (+0.4), while sentiment remained broadly stable in Spain, Poland and France. In Germany, France, the UK and the Netherlands the ESI is above its long-term average.

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