January 2017 Eurozone economic sentiment and final consumer confidence report 30 January 2017
– Industrial sentiment 0.8 vs 0.2 exp. Prior 0.1
– Services sent 13.5 vs 12.6 exp. Prior 12.9
That’s a massive jump in inflation expectations. The sentiment data is good on its own but one of the ECB’s policies is to see inflation expectations anchored. It looks like this ship has slipped its anchor, for now.