EUROZONE DATA: Economic Sentiment.....>

EUROZONE DATA: EUROZONE DATA: Economic Sentiment Indicator (Oct 2019) Preview

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- Bloomberg Consensus: 101.1; Prev (Sep): 101.7 

- The European Commission's ESI is projected to fall to 101.1 in Oct following a

decline to a 55-month low of 101.7 in Sep. 

- Sep's decrease was led by a sharp fall in industrial sentiment (down 3pts

to-8.8) which plummeted to the lowest level since July 2013. 

- Mkts are looking for industrial sentiment to remain unchanged at -8.8 in Oct 

- Consumer sentiment on the other hand improved in Sep but is forecast to slump

to -7.6 in Oct according to the flash estimate. 

- While service sentiment picked up in Sep, it is anticipated to edge down by

0.3pt to 9.2 in Oct. 

- The EZ flash composite PMI edged up marginally to 50.2 (up 0.1pt) in Oct,

following Sep's slump to the lowest since June 2013. 

- While the flash services PMI picked up by 0.2pt to 51.8 in Oct, the

manufacturing PMI remained in contraction at 45.7, unchanged from Sep's level.