The eurozone economic sentiment index, which measures the confidence of corporate and consumer sectors, fell from 93.6 points in September to 92.5 points in October, reaching its lowest level since November 2020, amid inflation. record and the prospect of recession in the bloc, according to data published this Friday (28) by the European Commission, the executive arm of the European Union. The September reading was revised down from 93.7 originally.
The October result was exactly in line with the forecast of analysts consulted by the The Wall Street Journal.
Only consumer confidence had a slight improvement, from -28.8 points in September to -27.6 points in October, confirming a preliminary estimate, but the industrial confidence retreated from -0.3 to -1.2 points in the same period, falling below the market consensus of -1 point, and services fell from 4.4 points to 1.8 points.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
