Euro area Economic Sentiment Indicator improves to 93.7 in November vs. 93.5 expected
|- Economic sentiment in the euro area improved modestly in November.
- EUR/USD continues to trade in positive territory, stays below 1.0400.
The data published by the European Commission showed on Tuesday that the Economic Sentiment Indicator (ESI) for the Euro area improved to 93.7 in November from 92.7 in October. This reading came in slightly better than the market expectation of 93.5. For the EU, the ESI rose by 1 point to 92.2.
Further details of the publication revealed that the Industrial Confidence for the euro area declined to -2 from -1.2 and the Services Confidence edged higher to 2.3 from 2.1.
Market reaction
The EUR/USD pair showed no immediate reaction to these figures and it was last seen rising 0.32% on the day at 1.0370.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.