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Economic Sentiment Indicator (Sep.....>

EUROZONE DATA
MNI (London)
EUROZONE DATA: Economic Sentiment Indicator (Sep 2019)
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- Economic Sentiment Indicator (ESI): 101.7; Prev (Aug): 103.1 
- Consumer: -6.5 (Aug: -7.1); Industry: -8.8 (Aug: -5.8); Services: 9.5 (Aug:
9.3); Retail: 0.1 (Aug: 0.6); Construction: 3.8 (Aug: 3.9). 
- The ESI plummeted to a 55-month low in Sep, in contrast to markets pencilling
in a marginal decline to 103.0 (BB Cons) 
- Sep's decline was led by a sharp fall in industrial sentiment (down 3pts to
-8.8) which fell to the lowest level since July 2013. 
- In line with the flash result, consumer confidence improved to -6.5. 
- While service sentiment picked up by 0.3pts to 9.5, retail trade (down 0.5pts
to 0.1) and construction (down 0.1pts to 3.8) confidence cooled in Sep. 
- The ESI's downtick is line with recently published flash PMI figures, showing
a decline in the composite PMI to a 75-month low in Sep.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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