Eurozone economic sentiment rises in November
Eurozone forecast
(BRUSSELS) - European business and consumer confidence rose consistently in November, with Germany leading the way among major eurozone economies, the European Union said on Thursday.
The Economic Sentiment Indicator (ESI) produced by the European Commission increased to 85.7 points across the 17-member euro currency area, up 1.4 points from October.
The indicator remained well below the long-term average of 100 points.
The Commission, though, warned that a detailed industrial investment survey, "hints at stagnating real investment in 2013, casting some doubts on these first signals of a recovery."
Alone among the seven biggest European Union economies, the Netherlands saw sentiment decline by 3.2 points.
Across the 27-state EU, the ESI increased by 2.0 points to 88.1.