Eurozone Economic Sentiment Indicator rose to 102.8 in January, up form 1013, beat expectation of 102.0. That was a result of marked improvement in confidence in industry (up 2.0 to -7.3) and construction (up 1.2 to 6.9). Services confidence was virtually unchanged (down -0.3 to 11.0.
Amongst the largest euro-area economies, the ESI rose strongly in Germany (+2.0) and France (+1.5), while it remained broadly stable in the Netherlands (-0.3) and Italy (-0.1) and decreased in Spain (-1.0)
Business Climate Indicator rose to -0.23, up from -0.32, beat expectation of -0.26.
