Eurozone economic sentiment rises in December
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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.
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