EU confidence slips; French yields hit zero

27 June 2019

 

The EU’s Economic Sentiment Indicator (ESI) is a composite index made up of five confidence indicators from the industrial, services, consumer, construction and retail trade sectors. As such, the index covers most parts of an economy. It is produced monthly and it has a high correlation with euro-area GDP. From 2016, four years after the sovereign debt disaster of 2012, the ESI moved higher and higher until late 2017. It...

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