Euro-zone ESI slips in October

30 October 2023

 

Summary: Euro-zone composite sentiment indicator down a little in October, slightly above expected figure; readings down in three of five sectors; down in two of four largest euro-zone economies; German, French 10-year yields either modestly higher or flat; index implies annual GDP growth rate of -0.2%. 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...

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