“Significant deterioration” in September’s Economic Sentiment Index

29 September 2022

 

Summary: Euro-zone composite sentiment index down in September, below expectations; “significant deterioration in all sectors”; readings down in all five sectors; down in four largest euro-zone economies; German, French 10-year yields lower; index implies annual GDP growth rate of zero. 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 from the business sector, with...

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