"In October, after four months of stagnation or decline, the Economic Sentiment Indicator (ESI) picked up in both the euro area (by 0.8 points to 100.7) and the EU (by 0.5 points to 104.0). The euro-area indicator thereby went back to just above its long-term average of 100," the Commission reported.
In Croatia the ESI dipped from 113.9 points in September to 111.3 points in October.
"The stabilisation of euro-area sentiment resulted from an improvement in confidence in all the business sectors. While rises were important in retail trade, services and, particularly, construction, industry booked only a small increase, and confidence among consumers remained broadly stable. Amongst the largest euro-area economies, the ESI decreased only in Spain (-0.7), while it rose in Germany (+0.6), France (+1.1), Italy (+0.5) and the Netherlands (+2.1)."
By contrast, confidence in the construction sector and in industry in Croatia dropped by 2.5 and two points respectively. Retail was the only sector in Croatia with a positive growth of +0.5.