28 Σεπ 2007

Euro-Zone CPI Estimate and Confidence indices

  • Euro-Zone Sep CPI Estimate +2.1% Vs Aug +1.7%
  • Euro-Zone Sep Consumer Confidence -5; Aug -4
  • Euro-Zone Sep Industrial Confidence +3; Aug +5
  • Euro-Zone Sep Economic Sentiment 107.1; Aug 109.9
  • Euro-Zone Sep Business Climate +1.09; Aug +1.37

According to the European Commission's monthly survey of economic sentiment in the euro zone published Friday, the headline measure of consumer confidence fell to -5 in September from -4 in August, a weaker than expected outcome.

The headline measure of industrial confidence fell to +3 from +5, once again a weaker outcome than the decline to +4 that economists had forecast. Confidence in the services and retail sectors also declined, although confidence in the construction sector strengthened.

As a result, the overall Economic Sentiment Index fell to 107.1 from 109.9, a larger decline than the drop to 109.0 that was forecast by economists.