The ZEW index of Economic Sentiment for the Eurozone dropped for the fifth straight month to 21 in October of 2021, its lowest since March of 2020.
- The decline in the Euro area’s Economic Sentiment comes amid ongoing concerns over slowing growth and persistent global supply chain disruptions.
- In October, 16.4% of the surveyed analysts projected a decline in economic activity.
- Meanwhile, 46% of the analysts expected no significant changes, while 37.4%% forecasted an improvement.
At the same time, the measurement for the current economic situation in the Eurozone dropped by 6.6 points to 15.9, as inflation expectations dropped slightly by 3 points to 17.1.
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