Eurozone October final consumer confidence -4.8 vs -4.8 prelim

Latest data released by Eurostat - 28 October 2021

• Economic confidence 118.6 vs 116.9 expected
• Prior 117.8
• Industrial confidence 14.2 vs 12.5 expected
• Prior 14.1
• Services confidence 18.2 vs 16.5 expected
• Prior 15.1

Euro area economic sentiment picked up in October, rising for a second straight month as confidence levels hold up despite worries surrounding the outlook.

Optimism among consumers did decline from -4.0 to -4.8 but perhaps the notable detail is that inflation expectations surged to 40.0 in October, up from 33.1 in September. That's the highest reading since measurements began in 2000.