Eurozone Economic Sentiment Weakened Again in November

Forex News

Economic confidence in the Eurozone continued to deteriorate in November, but less than predicted. The official data of the European Commission showed, that economic sentiment in the Eurozone fell to 109.5 in November from 109.7 in October. Economists had expected a deeper fall to 109.0.

It was also reported, that sentiment in services, a sector which produces two-thirds of the Eurozone GDP, was unchanged at 13.3 in November against October. Eurozone consumer confidence index fell to -3.9 in November from -2.7 in October. Index of business optimism in the industry increased to 3.4 in November from 3.0 in October, against expectations of a decline to 2.5.