Euro Area: Economic sentiment ticks up in November
Latest reading: Economic sentiment came in at 95.8 in November, up from October’s 95.7. However, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The increase was driven by stronger sentiment in the industrial and retail sectors. Meanwhile, sentiment in the construction sector was unchanged. On the flip side, confidence in the services sector and among consumers weakened.
In terms of specific countries, sentiment rose in France, Spain and the Netherlands, while it fell in Germany and Italy.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in November.