Economic Sentiment Indicator continues to rise though consumers more cautious
In November, the Economic Sentiment Indicator (ESI) rose to 87.9 (+1.9 points) in the EU and to 88.8 (+2.7) in the euro area.
27 November 2009.
The indicator has improved in both areas for eight consecutive months since its trough in March 2009, though it still remains significantly below the long-term average.
The majority of Member States reported a general improvement in sentiment. The indicator rose most sharply in the Netherlands (+6.3), while the improvements were more modest in Poland (+2.9), Italy (+2.5), France (+2.2), Germany (+1.7) and Spain (+1.4). The UK, in contrast, witnessed a sizeable drop (-2.9).