Euro zone economic sentiment deteriorated in October for a second straight month, data showed on Wednesday, as pessimism in industry spread to services and consumers in a bad sign for the bloc’s growth prospects.
The European Commission said its main indicator for economic sentiment in the 19-country currency bloc fell to 100.8 points in October from 101.7 a month earlier and 103.1 in August.
The fall was bigger than market consensus of 101.1 points in October, and brought the indicator to its lowest point since January 2015.
Pessimism in industry worsened to well below the long-term average, as the export-driven sector feels the impact of global trade wars.
Via Reuters
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