Press Release: December 2007: Economic sentiment continues to weaken in both the EU and the euro area

In December, the Economic Sentiment Indicator (ESI) continued to weaken in both the EU and the euro area. It declined by 0.4 of a point in the EU and by 0.1 of a point in the euro area, to 107.1 and 104.7 respectively. However, despite the decline observed in the second half of 2007, the indicator remains well above its long-term average in both areas.