Economic confidence is increasing across Europe, except in Greece, Malta, Romania and the UK which all saw a drop in sentiment in November, according to research by the European Commission.
The UK dropped 2.9 points compared to October on the Economic Sentiment Indicator (ESI), based on surveys of the manufacturing, service, retail trade and construction sectors, as well as consumer studies. With a dip of 0.5 ESI points compared to last month, Romania - one of the poorest countries in Europe - has seen a lower deterioration in confidence than the UK. The only other country to show less confidence than Britain was Greece, which lost 5.3 ESI points. All other Member States reported a general improvement in sentiment, with the sharpest rise in the Netherlands, up 6.3 poi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes