Press Release: June 2012: Economic sentiment remains stable in the EU and declines in the euro area

The Economic Sentiment Indicator (ESI) remained unchanged, at 90.4, in June in the EU and decreased by 0.6 points in the euro area, to 89.9. Falling confidence in industry, services and, to a lesser extent, among consumers was counterbalanced or mitigated by increasing confidence in retail trade and construction.

Among the largest Member States, sentiment worsened in France (-1.5), Germany (-1.4), Poland (-1.3) and, to some extent, the Netherlands (-0.3). By contrast, sentiment improved in the UK (+1.9), Spain (+1.0) and Italy (+0.9). The ESI is above its long-term average only in Germany.

European Commission: DG Economic and Financial Affairs: Economic databases and indicators: Business and Consumer Surveys http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm

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