Details from the September 2015 Eurozone economic sentiment and consumer confidence final data report 29 September 2015

  • Prior 104.2
  • Business climate 0.34 v s0.20 exp. Prior 0.21. Revised to 0.20
  • Industrial sentiment -2.2 vs -3.8 exp. Prior -3.7
  • Services sent 12.4 vs 100 exp. Prior 10.2. Revised to 10.1
  • Consumer confidence final -7.1 vs -7.1 exp. Flash -7.1. Prior -6.8
  • Consumer inflation expectations 3.2 vs 3.1 prior
  • Selling prices expectations -3.3 v s-2.4 prior

All round a better report. If there were any increased worries about China and global growth then we would have seen worse numbers. Consumer inflation expectations held up which is good news for the ECB

There's still plenty of improvement to be made though. Industry isn't the most chipper bunch right now, though they're less miserable than last month. Despite the fact that inflation expectations are generally holding up, selling prices are expected to fall

EURUSD went softer by about 10 pips to 1.1219

Eurozone economic sentiment