Global Economic & Market Outlook – Focus Notes (29 September 2015)

Associations, Banking, Company Profiles, Finance, Person Profiles, Reports — By on September 29, 2015 at 2:29 PM
Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

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)….

Viewers can read the full report herebelow:

GLOBAL FOCUS NOTE_SEPTEMBER 29_ESI

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