Eurozone economic confidence falls for ninth month
(BRUSSELS) - Eurozone business and consumer confidence fell for the ninth month running in November, with sentiment declining in every sector except construction, an EU survey showed on Tuesday.
The Economic Sentiment Indicator (ESI) fell by 1.1 points to 93.7 points in the debt-struck 17-nation euro area. It slipped by 1.0 points to 92.8 points in the wide, 27-nation European Union.
"The decline resulted from a broad-based deterioration in sentiment across the sectors," the European Commission said, adding that only construction remained stable.
The biggest fall was recorded in France, declining 3.7 points to 93.2, followed by a drop of 1.8 points to 89.7 in the Netherlands and 0.6 points to 88.9 in Britain, which is not part of the eurozone.
Economic sentiment was broadly unchanged in Germany, with a marginal 0.1-point fall to 104 points, and Spain, where it rose by 0.2 points to 91 points. It rose by 0.8 points to 90.1 in Italy.