ESI fell to 98.8 p. in January

The Economic Sentiment Indicator (ESI) was 98.8 points in January and dropped by 0.9 points month-on-month, the European Commission reported. The ESI for industry increased by 0.7 p. to - 11.4 p. m/m, the ESI for services declined to +0.2 p. from +1.8 p. The customer ESI declined to -16.6 p. from 13.9 p. m/m and in case of retail sales dropped by 0.1, from + 0.8 p. to +0.7 The monthly ESI reflects general economic activity of the European Union. This indicator combines assessments and expectations stemming from business and consumer surveys.