Press Release: August 2010: Economic Sentiment Indicator on the up after July’s surge

After the surge in July 2010, the Economic Sentiment Indicator (ESI) continued to improve in both the EU and the euro area, albeit at a slower pace. It rose to 102.7 (up by 0.6 of a point) in the EU and to 101.8 (up by 0.7 of a point) in the euro area. In both the EU and the euro area the ESI is above its long-term average.