Eurozone economic sentiment improves in Oct ’24

Sentiment among financial market experts regarding the economic development of the eurozone improved significantly in October, with the ZEW institute indicator rising to 20.1 points, an increase of 10.8 points from September.

This increase reflects growing optimism about the region’s economic prospects.

However, the assessment of the current economic situation in the eurozone showed a slight decline, falling by 0.4 points to a new reading of -40.8 points.

Despite the negative outlook on current conditions, the overall increase in sentiment indicates a more favourable view of future economic developments in the eurozone.