Wed, Jan 27, 2021 @ 12:46 GMT
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Eurozone economic sentiment dropped to 87.6

Eurozone Economic Sentiment Indicate dropped markedly to 87.6 in November, down from 91.1, but beat expectation of 86.5. Employment Expectations Indicator posted the second fall in a row, down -3.3 pts to 86.6. Amongst the largest euro-area economies, the ESI plunged in Italy (-8.7) and France (-4.8), while its losses were more contained in Germany (-2.8) and Spain (-2.0). The Netherlands bucked the trend with a moderate improvement in sentiment (+1.0).

Looking at some details, industry confidence dropped from -9.2 to -10.1. Services confidence dropped from -12.1 to -17.3. Consumer confidence dropped from -15.5 to -17.6. Retail trade confidence dropped from -6.9 to -12.7. Construction confidence dropped from -8.3 to 9.3.

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