Economic Sentiment Indicator (Sep.....>

EUROZONE DATA: Economic Sentiment Indicator (Sep 2019) Preview - 10:00 BST

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--Bloomberg Consensus: 103.0; Prev (Aug): 103.1 

--The European Commission's ESI is seen broadly unchanged in Sept, with markets

pencilling in a marginal decline of 0.1 points. 

--Flash consumer confidence (20% of the ESI) improved to -6.5 in Sep.

--Meanwhile, industrial confidence (40% of the ESI) rebound in Aug to -5.9,

following Jul's drop to a 71-month low. 

--Markets look for industrial sentiment to edge down by 0.1pt to -6.0 in Sep 

--Although, the EZ's flash composite PMI remained in expansion territory it

plummeted to a 75-month low (50.4) in Sep. 

--The flash services PMI fell to 52.0 in Sept and the manufacturing PMI slumped

to a 83-month low of 45.6 in Sep.

- The EZ's flash PMI report notes that the manufacturing downturn is deepening

further and signs of a spill over to the service sector are intensifying.