Optimism emerging in euro-zone; August ESI rises

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29 August 2024

 

Summary: Euro-zone composite sentiment indicator up modestly in August, slightly above expectations; Westpac:  reflects nascent optimism over growth outlook; German, French 10-year yields barely move; readings up in three of five sectors; up in two of four largest euro-zone economies; index implies annual GDP growth rate of 0.8%. The European Commission’s Economic Sentiment Indicator (ESI) is a composite index comprising five differently weighted sectoral confidence indicators.  It is heavily weighted...

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