Market news

30 January 2020

Eurozone economic sentiment index rose sharply in January

European Commission said, in January 2020, the Economic Sentiment Indicator (ESI) increased markedly in the euro area (by 1.5 points to 102.8) and the EU (by 1.9 points to 101.3). Economists had expected an increase to 101.8 in the euro area.

Improved euro-area sentiment resulted from marked increases in confidence in the industry and construction sectors. Confidence among consumers and in the services sector remained (virtually) unchanged, while retailers were somewhat less confident. The strong increase in industry confidence (+2.0) resulted from managers' more optimistic views on all three components, i.e. production expectations, the stocks of finished products and, to a lesser extent, the current level of overall order books. Broadly flat developments in services confidence (-0.3) resulted from a worsened assessment of past demand which was mitigated by virtually unchanged views on the past business situation and expected demand. The stability in consumer confidence (± 0.0) reflected households' broadly stable assessments of both their past and future financial situation and a slight increase in their intentions to make major purchases, which was offset by a decrease in their expectations about the general economic situation. Lower retail trade confidence (−0.8) reflected a sharp drop in managers' assessment of both the present and future business situation, which was partly offset by an improvement in retailers' views on the adequacy of the volume of stocks. The marked rise in construction confidence (+1.2) was fuelled by managers' improved assessment of the level of order books, while their employment expectations remained virtually unchanged. Finally, financial services confidence (not included in the ESI) increased noticeably (+4.2), reflecting strong improvements in managers' appraisals of past demand and their assessment of the past business situation and, to a lesser extent, their demand expectations.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Forex Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2021 Teletrade-DJ International Consulting Ltd

Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.

Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.