Euro-zone ESI up; September GDP growth likely to be strong

29 September 2021

 

Summary: Euro-zone composite sentiment index rises from 117.6 to 117.8 in September; slightly above expectations; readings up in three of five economic sectors, up in Germany, Span, down in France, Italy; sovereign bond yields slightly lower on day; index implies 5%+ GDP growth to September 2021. 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...

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