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Eurozone, EU Economic Sentiment Eases as Employment Expectations Hit 3-Year High

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Economic sentiment in the Eurozone and the European Union eased in November, even as employment expectations climbed to the highest level in over three years.

Source: European Commission

EZU is up 0.63%, while VGK is up 0.67% premarket.

The Economic Sentiment Indicator (ESI) in both the EU and the Eurozone eased by 1.1 points. Indicators remain at a high level for both areas, at 116.5 points in the EU and 117.5 in the Euro area.

The Employment Expectations Indicator (EEI) in both areas increased to their highest level since January 2018, up by 115.6 points in both regions. This reflects a 1.4 point increase in the EU and a 1.7 point increase in the Eurozone.

Industry confidence was unchanged to stay at its second-highest reading on record, as growth in managers’ production expectations and overall order book assessments were offset by an uptick in the assessment of stocks of finished products.

Selling price expectations in all surveyed business sectors also posted growth to hit fresh all-time highs, as consumer price expectations were broadly stable.

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