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Fri, 31 Oct, 2014 12:00:06 AM FTimes- Xinhua Report, Oct 31  Photo AFP-Lehtikuva. Economic Sentiment picked up in both the eurozone and the European Union(EU)in October, meaning confidence improvement in all business sectors,EU official data showed on Thursday.
Latetest date issued by the European Commission showed the Economic Sentiment Indicator (ESI) picked up by 0.8 points to 100.7,going back to above its long-term average of 100.
In the same period of time,such indicator also rose by 0.5 points to 104.0 in the EU.
The stabilisation of euro-area sentiment resulted from an improvement in confidence in all the business sectors,the EU said in a statement.
The important upwards were seen in retail trade, services and, particularly, construction, industry booked only a small increase, and confidence among consumers remained broadly stable,the data showed.
Amongst the largest eurozone economies, the ESI decreased only in Spain down by 0.7. While it rose by 0.6 in Germany,by 1.1 France , by 0.5 in Italy and by 2.1 in the Netherlands.
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