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    Home » Euro Zone Economic Sentiment Cools Down to 117.5 in November as Anticipated
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    Euro Zone Economic Sentiment Cools Down to 117.5 in November as Anticipated

    November 29, 20211 Min Read
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    Euro Area economic sentiment cooled down in November, matching estimates as consumers become less optimistic and cut their inflation expectations.

    • The EU’s economic sentiment indicator dropped slightly to 117.5 points in November from 118.6 in October.
    • The fall in the figure was attributable to reduced optimism among consumers concerned about the fourth wave of the COVID-19 pandemic and possible new restrictions.
    • Within the industry, business confidence was slightly lower at 14.1 in November, compared to 14.2 in October.
    • For services, which account for a larger percentage of the eurozone economy, sentiment increased to 18.4 from 18.0. Market consensus for industry and services components both fell.
    • Consumer confidence also improved in the retail industry and in construction but fell two points among consumers to -6.8 from -4.8, also lowering consumer inflation expectations to 39.3, from a record-high 40.0 in October.

    Selling price expectations among EU manufacturers rose sharply to 49.0 from 42.3 in October.

    Euro Stoxx 50 up +0.90%, EUR USD down -0.18%

    Source: European Commission

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