The economic mood in the euro zone improved a little in September. The Economic Sentiment Indicator (ESI) rose by 0.2 points to 95.5 points for the previous month, as the European Commission announced on Monday in Brussels. Economists had expected 95.2 points. However, the ESI is still below the long -term average of 100 points.
The recovery was mainly supported by the increased consumer confidence. The indicator in the construction industry improved slightly. There was a somewhat worse mood among the service providers, industry and retailers.
Among the largest economies of the EU, ESI sank in the Netherlands (-0.7) and Germany (-0.4), while in Spain (+3.0) and Italy (+0.7) increase and improved slightly in France (+0.3).