Economic Sentiment Indicator (Jan.....>

EUROZONE DATA: Economic Sentiment Indicator (Jan 2020) Preview 1000GMT

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- Bloomberg Consensus: 101.8; Prev (Dec): 101.5 

- The European Commission's ESI is seen 0.3pt higher at 101.8 in Jan.

- This would mark the third successive uptick since the Oct slump to the lowest

level since Jan 2015, although the index still sits at historically low levels.

- Manuf sentiment has recorded a negative reading for 11 months running, however

markets look for an increase to -8.8 

- Consumer confidence plummeted to a 34-month low of -8.1 in Dec and according

to the flash estimate the index remains unchanged in Jan 

- Other survey evidence suggests an uptick in consumer confidence for France and

Germany in Jan, while business sentiment declined slightly in France. 

- Germany's Ifo business climate dropped by 0.4pt in Jan, however manufacturing

sentiment increased significantly 

- The EZ's flash composite PMI recorded a stable reading in Jan, suggesting

subdued business activity