(European Commission) The Economic Sentiment Indicator was 117.6 in the EU in October, up 1.0 points, while the same gauge was up 0.8 points in the euro area to 118.6.
The Employment Expectations Indicator also rose, gaining by 1.2 points to 114.7 in the EU, while in the euro area, it rose by 1.1 points to 114.5.
Improved economic sentiment in the EU reflected improving confidence in construction, services, and retail trade. Services confidence was up by 2.8 points, construction up by 1.5 points, while retail trade posted 0.6 points gain.
Confidence rose marginally at +0.3 in the industry but deteriorated among consumers by -0.9.
Spain, France, Italy, Poland, and the Netherlands led the EU economies in the largest improvements in economic sentiment. The sentiment weakened marginally in Germany.
Selling price expectations maintained a steep increase, rising to a record high, while consumer price expectations rose to their highest since November 1992.
DAX is down -0.10%, EURUSD is up +0.02%.
