Eurozone industry remains upbeat despite weaker production data, but the service sector experienced sluggish demand at the start of the fourth quarter. With energy prices still on the rise, selling price expectations ticked up again The Economic Sentiment Indicator for the eurozone fell from 97.5 to 96.9 in October, with employment expectations ticking up slightly. Sentiment reached its weakest level since June. For manufacturing, production has shrunk in recent months. But surveys tell a much more upbeat story. Industrial sentiment improved in October; businesses indicated that recent production was up, new orders are improving and that they are more likely to hire than last month.
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