Euro Area Economic Sentiment Marks 19-Month Low

Source: ZEW

The Euro Area economic sentiment slipped for the fifth straight month in October to hit a 19-month low, weighed down by global supply constraints. EZU is up 0.21%.

• The ZEW Indicator of Economic Sentiment for the Euro Area fell to 21 in October from 31.1 in September.
• It is the fifth straight month of decline since June’s 81.3 and the weakest performance since the level March 2020.
• The decline was attributed to continuing issues of the declining growth dragged by the supply-chain disruptions.
• Most, or 46.2% of the analysts, expected no changes, 37.4% expected improvements, and 16.4% expected declines.
• The indicator for the current economic situation in the Eurozone likewise declined to 15.9, and inflation expectations slipped slightly to 17.1.