Área Euro Sentimento Econômico ZEW

The ZEW Indicator of Economic Sentiment for the Euro Area climbed by 10.8 points to 20.1 in October of 2024, reaching its highest point since July and exceeding market expectations of 16.9. This positive shift follows three months of declining sentiment. Factors contributing to this improvement include expectations for stable inflation, the potential for further interest rate cuts by the ECB, and enhanced economic forecasts for the eurozone, the U.S., and China. In October, about 62.3% of the surveyed analysts expected no changes in economic activity, 28.9% predicted an improvement and 8.8% anticipated a deterioration. In the meantime, the indicator of the current economic situation fell by 0.4 points to -40.8 and inflation expectations went up by 7.6 points to -20.9.