Business Climate Indicator was Up 0.14pts to 0.34 in September In Europe

Date: 2015-10-01

In Europe, the business climate indicator was up 0.14pts to 0.34 in September, above expectations. Meanwhile, the final consumer confidence was steady at -7.1 in September, within expectations.

The economic confidence index was up 1.5pts to 105.6 in September and the industrial confidence index rose 1.5pts to -2.2. The pan-German HICP inflation rate fell to -0.2% y/y from +0.1% y/y previously, according to the preliminary September data. Separately, Spain flash HICP for the month came in sharply lower at -1.2% y/y, against expectations for -0.6%, whilst August retail sales data also came in lower at +3.1% y/y versus an expected +3.3% print.

In the UK, CBI reported sales survey at +49% in September, up from +24% in August, above expectations. This was the best reading since May. According to compiler of the sources, 60% of respondents asserted that sales volumes rose in September as compared to last year, whilst 11% cited it fell, thus giving a net balance of 49%.


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