Business Confidence Swings Back In Europe

Busines and consumer survey results from the Director General of Economic and Financial Affairs at the European Commission suggest that economic sentiment increased in the EU in November. The economic Sentiment Indicator increased by 2 points in the EU27 (88.1) and by 1.4 points in the euro area (85.7). The Business Climate Indicator (BCI) also increased by 0.42 points to -1.19 with increases in all of the BCIs components.