Eurozone confidence takes a surprise upturn but is still low

first_img whatsapp Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Tags: Eurozone Confidence in the Eurozone edged up slightly in October after four months of not growing.The Economic Sentiment Indicator published by the European Commission yesterday picked up by 0.8 points to 100.7.Despite the rise the figure is much lower than it was earlier in the year. It was propped up by increased confidence in Germany, France and Italy. Spanish economic sentiment dropped slightly.“The European Commission’s survey eases pressure on the ECB to come up with any more stimulative measures in the near-term and seemingly gives it a little more breathing space while its June and September initiatives increasingly kick in,” said economist Howard Archer of analytics firm IHS.Recent survey data shows that the Eurozone could be about to enter recession for the third time since the financial crisis.Economic growth was zero in the second quarter of the year and conditions do not appear to have eased since. The economist’s definition of a recession is two consecutive quarters of negative growth.Last week officials at the European Central Bank began asset purchases aimed at boosting economic growth. Read This NextTig Notaro Never Looks Right in ‘Army of the Dead’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe WrapRalph Macchio on the Secret to Making Badass ’80s Fight Scenes in 2021The Wrap’iCarly’: Nathan Kress on Preserving Integrity of Original Show, PromisesThe WrapHappy Juneteenth: 10 Movies to Stream That Celebrate Black JoyThe WrapHow Renee Elise Goldsberry Embraced Her Inner Diva for ‘Girls5Eva’The Wrap’The Hitman’s Bodyguard’s Wife’ Takes No. 1 at Box Office From ‘Quiet PlaceThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe Wrap Thursday 30 October 2014 8:32 pm center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorWarped SpeedOnly True Americans Can Ace This Geography QuizWarped SpeedGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Eurozone confidence takes a surprise upturn but is still low Share Show Comments ▼last_img

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