EU, economic sentiment continues to recover, Italy third – Europe

BRUSSELS – Economic sentiment is increasing in the Eurozone and in the EU, confirming the first signs of recovery shown in May and in June it shows more marked growth: the EU Commission writes it by publishing the ESI indicator increased by 8.2 and 8.1 points respectively . The most significant increases were recorded in France (+9.4), the Netherlands (+8.3), Spain and Italy (both +8.2). The indicator of employment expectations (EEI) also improved significantly: +12.7 points in the Eurozone, and +11.9 points in the EU-27.

Retailing, above all, led the growth of ESI – which, with a score of 75.7 in the Eurozone and 74.8 in the EU-27, remains at the lowest levels of the last twenty years -. Indeed, the sector recorded an increase in sentiment of 10.4 points thanks to the improved expectations on the adequacy of the volume of stocks. Services (+8 points), industry (+5.8), construction (+4.9) and consumers (+4.1) follow. The confidence of financial services (not included in the ESI) also recovered strongly, neutralizing the 40% drop recorded between February and April. As regards employment expectations, the EEI continued the recovery recorded in May with a score of 82.8 in the Eurozone and 82.7 in the EU. Italy also performed well, above the EU average with 84.9.

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Last update:

June 29, 2020 12:16