Eurozone economic confidence picked up in October from a 10-month low, survey results from European Commission showed Thursday.
The economic confidence index rose unexpectedly to 100.7 in October from 99.9 in the prior month. The score was expected to fall to 99.7.
The industrial confidence index climbed to -5.1 from -5.5 in the previous month, while it was expected to remain unchanged at -5.5.
At the same time, the services sentiment index came in at 4.4, up from 3.2 in September. Likewise, the consumer sentiment index rose to -11.1, in line with flash estimate, from -11.4 a month ago.
The business climate index came in at 0.05 in October, slightly up from 0.02 in September. Managers’ production expectations as well as their evaluation of overall and export order books brightened, while their assessment of the stocks of finished products and past production remained broadly stable.
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