The economic sentiment indicator fell again, in September, both in the eurozone and in the European Union (EU), for the eighth consecutive month, according to data from the European Commission, released this Thursday.
According to data from the General Directorate of Economic and Financial Affairs of the Community Executive, in September economic sentiment fell 3.6 points to 93.7 in the euro zone and 3.5 to 92.6 points in the EU.
The drop in economic sentiment was due to a significant deterioration in confidence across all business sectors surveyed and also a particularly sharp drop among consumers.
The indicator fell in the largest EU economies, with emphasis on Germany (-4.8 points), followed by the Netherlands (-3.7), Italy (-3.7), France (-3.2), Poland (-2.4) and, to a lesser extent, Spain (-1.0).
The employment expectations indicator, meanwhile, slowed down 1.2 points in the eurozone, standing at 106.7 points, and 0.8 in the EU, down to 106.4 points.
This fall was due to the deterioration of employment plans in the industry and construction sectors.
Source: TSF
