FX.co ★ Eurozone Economic Sentiment Rises Slightly

In November 2025, the Eurozone Economic Sentiment Indicator (ESI) experienced a slight rise, reaching 97.0 compared to October's 96.8. This movement aligns with market forecasts and represents the highest level since April 2023. However, it's important to note that the index continues to lag behind its long-term average. There was an increase in confidence among service providers (from 4.2 in October to 5.7), retailers (improving from -6.9 to -5.7), and construction firms (up from -2.5 to -1.7). Meanwhile, sentiment within the manufacturing sector declined (dropping from -8.5 to -9.3), and consumer confidence held steady at -14.2. Regarding pricing trends, the index for consumer inflation expectations rose by 1.2 points to 23.1, while the measure for manufacturers' selling price expectations increased by 2.1 points to 9.9. Examining the Eurozone's major economies, the ESI saw improvements in Spain (+2.0), Italy (+1.1), and France (+0.8), whereas it remained relatively unchanged in Germany and the Netherlands, both seeing a modest decrease of -0.3.