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Manufacturing confidence improves in Europe

29 October 2010
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Manufacturing confidence improves in EuropeIndustry confidence improved across the 27 European Union member states during October this year, new figures show.

The latest EU Economic Sentiment Indicator (ESI) suggests that optimism among firms increased by 0.5 percentage points over the month, rising by 0.9 points within the euro area.

Operations management professionals are advised the data reveal the overall ESI is currently placed at 104.1 and stands above the long-term average for the measurement.

The index also reveals companies and individuals working in industry are more positive about employment prospects, with sentiment in the sector up by two points with the eurozone and one point across the EU27.

Sharp improvements in areas such as order books and output predictions helped to improve optimism, with exports forecast to grow over the coming quarter.

Improvements in confidence ranged across the region from +3.4 per cent in France to -2 per cent in Spain.

Meanwhile, the European Commission's Business Confidence Indicator stood at 0.98, rising to its highest point since September 2007 during October 2010, something which may also interest those concerned with demand planning.ADNFCR-3058-ID-800202825-ADNFCR
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