Spain emerges from slump in eurozone economic confidence

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this economic confidence eurozone It got worse again in October, According to the indicator developed by the European Commission, down to 92.5 points from 93.6 the previous month, reaching almost two yearsdespite being in Spanish data rises to 98 integers, its best reading since last June.

on the set EUEconomic confidence also worsened in OctoberThe indicator, which was 92.4 in September, dropped to 90.9 points, representing the lowest level since August 2020.

Among the largest EU economies, the indicator of economic confidence fell in Germany (-1.0) and Italy (-0.9), while the Netherlands (-0.3) and France were basically unchanged. (0) and improved in Poland (+0.4) and Spain (+1.4).

In the Spanish case, improving economic sentiment reflects growing optimism in the industryWith a score of -3.9, the best since last June, consumer (-31.8), retail (-2.6) and construction (13.5), service sector confidence fell to 4.7 points, the worst was April 2021 level since.

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