The stock market based* uncertainty index continues to fall in the Eurozone and is now below its pre-pandemic level. This index also continues to weaken in the USA after a period of stability.
* dispersion of the daily returns of stock market index components
In the Eurozone, the European Commission’s economic uncertainty index picked up again in October, buoyed by the construction sector, services and, above all, households’ uncertainty. In the industry and retail trade sectors, uncertainty remained broadly stable.
