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ESI approaching long-term average

In January, the Economic Sentiment Indicator (ESI) rose for the tenth successive month.

 

In January, the Economic Sentiment Indicator (ESI) rose for the tenth successive month and stood at 97. 1 (+2. 1 points) in the EU and 95.7 (+1.6) in the euro area. Thus, although the rebound appears to be slowing, the indicator is now back at a level approaching its long-term average in both areas.

The majority of Member States reported a general improvement in sentiment. Among the largest Member States, Italy (+4.2 points) reported the most significant increase, followed by the UK (+3.2) and the Netherlands (+2.7). The improvements were less marked in Poland (+0.9), Germany (+0.6), France (+0.6) and Spain (+0.3).

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