Press Release: October 2007: Further moderate drop in economic sentiment in both the EU and the euro area

In October 2007, the Economic Sentiment Indicator (ESI) weakened further in both the EU and the euro area. Following the previous month's sizeable drops, the ESI decreased more moderately by 1.1 points in the EU and by 1 point in the euro area, to 109.5 and 105.9 respectively. However, the indicator still remains well above its long-term average in both areas.