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EZ ESI Unchanged in Oct

EUROZONE DATA
MNI (London)

Economic Sentiment Indicator (ESI): 90.9; Prev (Sep): 90.9

Consumer: -15.5(Sep: -13.9); Industry: -9.6(Sep: -11.4); Services: -11.8 (Sep: -11.2); Retail: -6.9 (Sep: -8.6); Construction: -8.4 (Sep: -9.5)

  • The EZ ESI remained unchanged in Oct at Sep's level of 90.9, coming in slightly stronger than markets expected.
  • Consumer sentiment registered in line with the flash result, showing a drop to the lowest level since May amid the resurgence of infection numbers.
  • Industry confidence improved further in Oct, rising by 1.8pt and marking the sixth consecutive uptick and showing the highest level since Feb.
  • On the other hand, service sentiment eased 0.6pt in Oct following fourth successive months of gains.
  • Both retail trade and construction sentiment recovered further in Oct with both indicators showing the highest level since the start of the pandemic.
  • Meanwhile, the employment expectations index fell 0.8pt in Oct, declining to a two-month low.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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