06.01.2011 - The Economic Sentiment Indicator improved further in December 2010 in both the EU and the euro area
In December, the Economic Sentiment Indicator (ESI) improved further in both the EU and the euro area. The indicator increased significantly, climbing by 1.0 point to 106.1 in the EU and by 1.1 points to 106.2 in the euro area. These results were driven in particular by strong positive readings in France and Germany.
A majority of Member States reported an improvement in sentiment. Among the seven largest Member States only Spain registered a decrease (-0.9). France registered the most significant increase (+2.5), followed by the Netherlands(+2.4), Germany (+1.5) and Poland (+1.3), while improvements were less pronounced in Italy (+0.8) and the UK (+0.7). In Germany, France, the UK, the Netherlands and Polandthe ESI is above its long-term average.