In the Eurozone, in September, Economic Confidence Exceeded Expectations

Euro Area Economic Confidence Report

The European Union (EU) Commission evaluated the results of the business and consumer surveys for September for the Euro Area. According to the results, economic confidence rose from 95.3 in August to 95.5.

Data Exceeds Economist Expectations

According to the results of the survey conducted by Bloomberg, the median expectation of 17 economists was that economic confidence would be 95.2 points. These figures send positive signals for the Euro Area economy.

Consumer Confidence Increased

In September, consumer confidence also gained momentum, rising from minus 15.5 to minus 14.9. This development indicates that consumers' confidence in their economic situation has increased.

Sector-Based Confidence Indices

On the other hand, the survey results show differences across sectors. While industrial confidence fell from minus 10.2 to minus 10.3, retail confidence dropped from minus 6.4 to minus 7.7. Services confidence decreased by 0.2 points to 3.6. Construction sector confidence, however, rose from minus 3.6 to minus 3.5.