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Eurozone economic sentiment rises more than expected

Eurozone economic sentiment rises more than expected

Mo4ch News : Friday the European Commission data showed that economic sentiment in the euro zone is much higher than forecast in December, thanks to increased optimism in France, Germany, the Netherlands and rising inflation expectations among consumers.
Commission’s monthly survey showed that the economic sentiment indicator states nineteen members of the euro zone rose to 107.8 in December from 106.6 in November, much long-term average of 100, surpassing.

The economists polled by Reuters had expected to see them rising sentiment index to 106.8 only.

Separately, the Commission has increased the business climate index to 0.79, its highest level since June 2011, while in June amounted to 1.03.

All have improved economic sentiment index components as sentiment index in the manufacturing sector rose to 0.1 points from -1.1 in November, much long-term average of -6.5 to exceed.

It also increased the morale in the service sector – which contributes two-thirds of gross domestic product in the euro zone – to 12.9 in December from an upwardly revised reading stood at 12.2 points in November to November than economists, who had expected to rise to 12.2 only estimates.

Source : Rebounds

While the producer price expectations have remained stable in the industry consumer inflation expectations rose to 8.8 points in December from 6.3 in November and 4.3 in October.

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