The consumer confidence in the euro zone fell 1.8 percentage points in September, as revealed by Eurostat. The indicator fell to -17.8 from -16 points registered in August, thus falling to its lowest level in six months, specifically since last March. The result has coincided with market expectations.
The Economic Sentiment Indicator (ESI) has fallen three tenths in September, from 93.6 to 93.3, reaching its lowest level in almost three years, since November 2020. Despite this fall, the indicator has improved the consensus outlook , which expected a decrease to 92.5 points.
The business climate has improved this month, rising slightly from -0.41 points in August to the current -0.36. This is the third negative month for the indicator.
EUR/USD reaction
He EUR/USD It has risen about 25 pips in the last few minutes, more in reaction to a slight decline in the Dollar than in reaction to the data. The pair has risen to intraday highs at 1.0538 after testing new nine-month lows at 1.0488 yesterday.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
