EU composite index slips in July

30 July 2019

 

The European Commission’s Economic Sentiment Indicator (ESI) is a composite index comprised of five differently-weighted sectoral confidence indicators.  It is heavily weighted towards confidence surveys from the business sector; the consumer confidence sub-index only accounts for 20% of the ESI. However, it has a good relationship with euro-area GDP, although not in the sense of a leading indicator. The ESI recorded a reading of 102.7, down from June’s reading of...

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