Euro area Economic Sentiment Indicator rises for the 3rd consecutive month in September; Greece posts its 1st increase in six months | Eurobank
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Euro area Economic Sentiment Indicator rises for the 3rd consecutive month in September; Greece posts its 1st increase in six months

The Economic Sentiment Indicator (ESI) increased in the euro area for the third consecutive month in September, coming in at 105.6 from 104.1 points in the previous month (Figure 1). The improvement in the euro area sentiment was mainly attributed to enhanced confidence in services (+2.3 points) and industry (+1.5 points), which have the highest weight in the composite index (cumulatively accounting for 70% of the total ESI). Additionally, confidence in retail trade improved only marginally (+0.6 points), while construction and consumer confidence marked a slight deceleration on the month (-0.6 and -0.2 points, respectively).