Home / International/ Euro zone economic sentiment jumps more than expected to a 10-year high

Euro zone economic sentiment jumps more than expected to a 10-year high


Comments / {{hitsCtrl.values.hits}} Views / Friday, 29 September 2017 00:00


Brussels (Reuters): Euro zone economic sentiment improved more than expected in September, reaching levels last seen in July 2007, with optimism rising in all sectors except financial services, data from the European Commission showed on Thursday.

The survey showed that sentiment in the 19 countries sharing the euro rose to 113.0 in September from 111.9 in August. Economists polled by Reuters had expected a rise to 112.0.

Sentiment in industry rose sharply to 6.6 this month from 5.0 in August and optimism in the services sector, which produces more than two thirds of the euro zone’s gross domestic product improved to 15.3 from 15.1.

Consumers became more optimistic too, with the indicator rising to -1.2 from -1.5, high above the long-term average of -12.5, and sentiment in retail trade jumped to 3.0 from 1.6.

Only in the financial services sector the mood worsened to 18.8 from 25.6 in August, the Commission data showed.

Inflation expectations picked up as more consumers expected prices to rise over the next 12 months, with the indicator rising to 14.2 from 11.6 in August.

Also in industry, manufacturers expected their selling prices to rise with the index rising to 10.5 from 8.1.

The Commission’s overall business climate index, which points to the phase of the business cycle, rose to 1.34 in September from 1.08 in August -- its highest reading since April 2011 when it was at 1.35.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

To hang or not to hang!

Tuesday, 17 July 2018

President Maithripala Sirisena dropped a bombshell out of the blues last week, sans all ‘maître’ (loving-kindness) when he launched a coup de main on drug offenders. He threatened to use his powers to place his signature to execute the death sen


The demise of the superstar investor

Tuesday, 17 July 2018

The allure of the superstar investor can be irresistible. You know who they are – the confident, articulate individuals idolised either because of a spectacular non-consensus investment call, the size of their fortune or sometimes because they are


Disruptive economy and poverty of knowledge: Sri Lankans have a lot to learn

Monday, 16 July 2018

The poor are usually defined as those who are below a given level of income that would be insufficient to meet their basic needs. In my view, the poor – no matter whether it is an individual, family or a nation – are those who are unable to read


National prosperity through quality and productivity

Monday, 16 July 2018

I was so delighted to get involved with the national convention of the Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP) with the fitting theme, “National Prosperity through World Class Quality and Productivity”.


Columnists More