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Economic Sentiment remains broadly stable in the EU and the euro area
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In June 2024, the Economic Sentiment Indicator (ESI) remained largely unchanged in both the EU and the euro area (-0.2 points to, respectively, 96.4 and 95.9). The Employment Expectations Indicator (EEI) declined for the third consecutive month in both areas, approaching (EU: -0.8 points to 100.4) or undercutting (euro area: -1.6 points to 99.7) its long-term average. While the ESI has remained essentially flat over the first six months of the year, around 4 points below its long-term average, the slow but continuous decline in the EEI has narrowed the gap between the two indicators.
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