European economic sentiment just smashed to a four and a half year high

The eurozone’s latest figures on economic and business confidence just rolled out for the month of October, and they’re looking surprisingly better than people expected in several areas.

Here’s what we’ve got:

  • Services sentiment: 11.9 (12 expected, 12.4 previous)
  • Industrial confidence: -2 (-2.8 expected, -2.2 previous)
  • Economic sentiment indicator: 105.9 (105.2 expected, 105.6 previous
  • Business climate: 0.44 (0.32 expected, 0.34 previous)

The economic sentiment indicator was particularly strong, hitting a four and a half year high.

The survey numbers are slightly different — for example, anything below 100 is positive on net for economic sentiment, while anything below is negative. For others, zero is the neutral number.

But in all cases, down is bad and up is good.

NOW WATCH: ‘The Art Of War’ holds the keys to success on Wall Street

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at