Economic Sentiment Indicator (Dec.....>

EUROZONE DATA: Economic Sentiment Indicator (Dec 2019)

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- Economic Sentiment Indicator (ESI): 101.5; Prev (Nov): 101.2 

- Consumer: -8.1 (Nov: -7.2); Industry: -9.3 (Nov: -9.1); Services: 11.4 (Nov:

9.2); Retail: 0.8 (Nov: -0.2); Construction: 5.0 (Nov: 2.8). 

- The ESI ticked up to a three-month high in Dec, registering slightly above

market expectations (BBG: 101.4) 

- Dec's increase was led by a solid increase in service sentiment, rising to a

seven-month high, and retail trade confidence which rebounded. 

- Industrial confidence fell marginally following Nov's small uptick, falling

short of markets projecting an increase to -9.0 

- Consumer sentiment registered in line with the flash results showing a decline

to the lowest level since Feb 2017 

- Meanwhile, construction confidence rose by 2.2pt, reaching a five-month high

- The ESI's uptick is line with recently published PMI figures, showing a slight

increase in the composite PMI.