Área Euro Índice De Otimismo Econômico

The Eurozone Economic Sentiment Indicator (ESI) inched up to 97.0 in November 2025 from 96.8 in October, matching market expectations and marking its highest reading since April 2023. Despite the improvement, the index remains below its long-term average. Confidence rose among service providers (5.7 vs. 4.2 in October), retailers (-5.7 vs. -6.9), and constructors (-1.7 vs. -2.5), while sentiment among manufacturers weakened (-9.3 vs. -8.5) and consumer confidence remained unchanged at -14.2. On the pricing front, the consumer inflation expectations index climbed 1.2 points to 23.1, while the gauge for manufacturers’ selling price expectations increased 2.1 points to 9.9. Among the bloc’s largest economies, the ESI improved in Spain (+2.0), Italy (+1.1), and France (+0.8), while remaining broadly stable in Germany and the Netherlands (both -0.3).