Brussels, 29/11/2011 (Agence Europe) - The economic confidence indicator fell in November by 1.1 points to 93.7 in the eurozone and by 1 point to 92.8 in the EU27, according to figures released on Tuesday 29 November by the European Commission, reaching the lowest level since the end of 2009.
In the eurozone, the Economic Sentiment Indicator fell by 0.8 points in industry and 1.8 points in services. In a press release, the Commission says: “Euro-area managers expect to decrease their investment volumes by 2% in 2012 compared with 2011.”
France is the country that has seen the greatest fall in confidence (down 3.7 points), followed by the Netherlands (down 1.8) and the United Kingdom (down 0.6). There was little change in Germany (down 0.1) and Spain (up 0.2) but a slight improvement in Italy (up 0.8) and Poland (up 0.9).
The ESI in the 17 eurozone nations fell for the ninth month in a row, at -0.44, compared with -0.19 in October. (LC/transl.fl)