Monday, September 29, 2014

Portuguese economic sentiment rises and contrary eurozone – TVI24

Portuguese economic sentiment rises and contrary eurozone – TVI24

The economic sentiment indicator from the European Commission for Portugal rose in September, bucking the European trend of decrease for both the eurozone and the European Union.

According to the indicator, released in Brussels on Monday as economic sentiment fell 1.0 points in the EU and 0.7 in the euro area (to 103.6 and 99.9 points, respectively) in Portugal up 1.1 point compared to August, to settle at 101.6 points.

This indicator thus improve returns, after having fallen in August and stopped five months of consecutive increases. In Brazil, consumers, improved from -28.2 to -23.9 points, the retail trade of 1.2 to 2.0, -7.4 to -6.5 in the -46 and industry 2 to 44.8 points in the construction sector.

The exception was the service sector, which fell from 2.6 in August to 0.4 in September.

Among the largest economies in the euro zone, the indicator increased slightly in Spain (0.5 points), remaining almost stable in the Netherlands (0.3), France (0.2) and Germany ( -0.2), having fallen in Italy (-0.9).

In the EU, the economic sentiment fell in the largest economies: -0.9 points in the UK, Poland -0.4 and -2.6 in Sweden.

According to Brussels, the negative trend of the indicator in the euro area and the EU are mainly due to a deterioration of confidence in the retail trade and among consumers.

The indicator of business climate for the euro zone fell in September to the lowest value of the year (and since October 2013), after three months of declines. The European Commission does not disclose data on this indicator for Member States or for the whole European Union.

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