European Business Cycle Indicators: Developments in business and consumer survey data in 2014Q3, 15 Οκτωβρίου.
Both the EU and the euro-area Economic Sentiment Indicator (ESI) declined over the third quarter of 2014 compared to June. Worsened sentiment in both the EU and the euro area reflected lessoptimistic consumers and retailers, and to a lesser extent, managers in industry and services.
Compared with June 2014, the ESI decreased in four of the seven largest EU economies (Germany, Italy, Poland and the UK), while it remained virtually unchanged in France, Spain and the Netherlands.
Capacity utilisation in the manufacturing sector increased slightly in July, but remained below its long-term average in the EU and the euro area. The new series of capacity utilisation in services was flat in the euro area and increased slightly in the EU.
