Economic Sentiment Indicator (Dec.....>

EUROZONE DATA: Economic Sentiment Indicator (Dec 2019) Preview 1000GMT

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- Bloomberg Consensus: 101.4; Prev (Nov): 101.3 

- The European Commission's ESI is seen broadly unchanged with markets looking

for a reading of 101.4 in Dec. 

- The indicator dropped to a 57-month low of 100.8 in Oct and rose slightly to

101.3 in Nov 

- Industrial confidence remains the source of weakness, with the index slipping

to a 75-month low in Oct before it increased marginally to -9.2 in Nov 

- Mkts are looking for another increase to -9.0 in industrial sentiment in Dec 

- According to the flash estimate, consumer confidence declined again to -8.1 in

Dec which would be the lowest level since Feb 2017 

- Service sentiment rose to 9.3 in Nov and is expected to improve further to 9.5

- The EZ's flash composite PMI ticked up marginally in Dec and the survey notes

that confidence about the future improved to its highest level since May