Eurozone economic sentiment rises in December
Image by Shutterstock.com
Eurozone economic sentiment rose slightly more than expected at the end of the year 2020, preliminary data from the European Commission showed, according to a report by RTT News.
The economic sentiment index rose to 90.4 from 87.7 in November. Economists had forecast a score of 90. The ESI's recovery was driven by markedly higher confidence in industry and among consumers and, to a lesser degree, in construction, the commission said. Confidence weakened in services and retail trade.
The industrial confidence index improved to -7.2 from -10.1 in the previous month. Economists had expected a reading of -8.1. The consumer confidence index climbed to -13.9 from -17.6 in November, matching its flash estimate.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.