Euro-zone ESI beats estimates, near series high

28 October 2021

 

Summary: Euro-zone composite sentiment index rises from 117.8 to 118.6 in October, above expectations; readings up in four of five economic sectors, up in France, Italy, Span, down in Germany; sovereign bond yields noticeably higher on day; index implies GDP growth in excess of 5%. The European Commission’s Economic Sentiment Indicator (ESI) is a composite index comprising five differently-weighted sectoral confidence indicators.  It is heavily weighted towards confidence surveys from...

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