Latest update 29 October 2009; next update will be available 27 November 2009: see also the full schedule for 2009.
The Economic Sentiment Indicator (ESI) rose to 86.0 (+3.4 points) in the EU and to 86.2 (+3.4) in the euro area. The improvement in October is the seventh consecutive increase in both series since the trough of March 2009. These levels, however, are still well below the respective long-term averages.
The Directorate General for Economic and Financial Affairs (DG ECFIN) conducts regular harmonised surveys for different sectors of the economies in the European Union (EU) and in the applicant countries. They are addressed to representatives of the industry (manufacturing), the services, retail trade and construction sectors, as well as to consumers. These surveys allow comparisons among different countries’ business cycles and have become an indispensable tool for monitoring the evolution of the EU and the euro area economies, as well as monitoring developments in the applicant countries.
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