Eurozone Economic Sentiment Indicator dropped to 100.8 in October, down from 101.7, and missed expectation of 101.1. Industrial confidence dropped to -9.5, down form -8.9, missed expectation of -8.9. Services confidence dropped to 9.0, down from 9.5, matched expectation. Consumer confidence was finalized at -7.6.
Looking at the member statements, the ESI remained broadly unchanged in Germany (-0.2), France (-0.1), Italy (+0.1) and the Netherlands (+0.2), while it saw another significant decrease in Spain (-3.0).
Eurozone Business Climate improved to -0.19, up from -0.23, and beat expectation of -0.21.
