Economic Recovery in the Euro Zone Continues

Economic Recovery in the Euro Zone Continues Economic recovery in the Euro Zone continues. The recovery in the Euro Zone economy, which shrank significantly due to the coronavirus epidemic, continued in September. The European Commission announced today that the economic confidence index in Brussels rose from 87.5 in August to 91.1, exceeding expectations of 89. Estimates of the 30 economists surveyed by Bloomberg ranged between 84.9 and 93. The index, which recovered for the fifth month in a row, was more than 30 percent below pre-crisis levels, although it was above the economists' estimates. Industrial production expectations, which showed a sharp recovery, increased slightly above the last two months, and the demand for the service sector declined for the second months in a row. The indicator that measures employment expectations gave a message of recovery, albeit weak, in September. Expectations for the inflation data will be announced by the Eurozone on Friday, points to below zero readings. Accordingly, this data will be a clue as to how much incentives can be provided.