Retails sector a drag on euro-zone ESI, other sectors stable/up

29 November 2021

 

Summary: Euro-zone composite sentiment index declines from 118.6 to 117.5 in November, slightly below expectations; readings down in retail sector, other sectors stable or up; up in France, Italy, down in Germany, Spain; sovereign bond yields modestly higher on day; index implies still GDP growth in excess of 5%. 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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