Economic sentiment in the EU drops slightly; inflation on the rise in Germany and Spain: Economic wrap
The EU’s Economic Sentiment Indicator slipped marginally by 1.1 points to reach 116.5 in November, the European Commission said.
The drop was attributed to a noticeable fall in consumer confidence, although among other sectors such as industry and services it remained the same. At the same time, confidence in the retail trade and construction sectors improved.
Germany, the Netherlands and Spain were among the countries that experienced a downward trend in their economic sentiment, with the latter undergoing the largest decline.
On the other hand, France had the biggest improvement in economic sentiment during the month. Italy…