By Maria Martinez
Economic sentiment in the eurozone deteriorated again in September, weighed by high inflation and a darkening outlook for the economy.
The European Commission said Thursday that its economic sentiment indicator–an aggregate measure of business and consumer confidence–declined to 93.7 in September from 97.3 in August, the lowest reading since November 2020.
Economists polled by The Wall Street Journal had expected the index to come in at 96.0.
The worsening of the overall sentiment in September was led by a deterioration in confidence in all surveyed business sectors and another particularly sharp decline among consumers, the report said.
The consumer confidence index plummeted again and fell to an all-time low in September.
After a period of relief over the summer, selling price expectations rose again in all surveyed business sectors. Consumer price expectations also picked up again, the report showed.
Write to Maria Martinez at [email protected]
