| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/05/1021 (29.7.05) |
| Publication Date | 29/07/2005 |
| Content Type | News |
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The economic sentiment indicator (ESI) for the EU rose by 1.4 points in July 2005, ending its decline that had started in October 2004. In the euro area, the ESI improved by 1 point, confirming its recovery of the previous month. The evolution of the euro exchange rate, the recent stabilisation of oil prices and an incipient upturn in the global growth cycle were likely to be the main factors behind this recovery. |
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| Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/1021&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
