Economic Sentiment Indicator (Feb.....>

EUROZONE DATA: Economic Sentiment Indicator (Feb 2020)

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- Economic Sentiment Indicator (ESI): 103.5; Prev (Jan): 102.8

- Consumer: -6.6 (Jan: -8.1); Industry: -6.1 (Jan: -7.0); Services: 11.2 (Jan:

11.0); Retail: -0.2 (Jan: -0.1); Construction: 5.3 (Jan: 5.8).

- The ESI climbed up to the highest level since May 2019 in Feb, in contrast to

markets expecting a downtick (BBG: 102.7)

- Feb's uptick was led by an increase in consumer sentiment, hitting the highest

since Sep 2019, followed by industry sentiment, rising to a six-month high.

- Service sentiment ticked up marginally in Feb after Jan's small decline

- Retail trade and construction sentiment cooled slightly in Feb, dropping by

0.1pt and 0.5pt, respectively.

- The newly introduced Employment Expectations Indicator eased to 105 in Feb,

which is the second consecutive fall

- Feb's results are in line with the recent uptick in the EZ's flash PMI