Wed, Dec 07, 2022 @ 00:23 GMT
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Eurozone economic sentiment imrpoved on consumer and retail trade

Eurozone Economic Sentiment rose to 101.3 in November, up from 100.8, beat expectation of 101.0. The improvement of sentiment resulted from slight increases in confidence among consumers (up 0.4 to -7.2) and retail trade managers (up 0.7 to -0.2). Confidence remained broadly unchanged in industry (up 0.3 to -9.2) and services (up 0.3 to 9.3).

Amongst the largest euro-area economies, the ESI increased in Spain (+0.7), France and Germany (both by +0.4), while it remained virtually unchanged in Italy (-0.1) and worsened in the Netherlands (−1.0).

Business Climate Indicator dropped to -0.23, down from -0.20, slightly better than expectation of -0.24. While managers’ assessments of overall order books and, in particular, past production deteriorated, their production expectations and assessments of the stocks of finished products improved. Managers’ assessment of their export order books remained broadly stable.

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