Zone euro Industrial Sentiment

The industry confidence indicator in the Euro Area unexpectedly increased to -11.1 in November 2024 from -12.6 in October, better than forecasts of -13.2. Improvements were seen in production expectations (2.4 vs 0.8) and order books (-25.4 vs -27.7), alongside orders from foreign markets (-28.7 vs -30.4). On the other hand, employment (-5.5 vs -5.4), selling price expectations (7.1 vs 6.1) and stocks of finished products (10.2 vs 10.8 worsened.