The most recent data show a fall in the market-based uncertainty indicator* in the Eurozone and the United States, interrupting the rise seen since the start of November.
* dispersion of the daily returns of stock market index components
In the Eurozone, the European Commission’s economic uncertainty index fell again slightly in December, fuelled by a decline in the services sector, as well as a significant drop in uncertainty among consumers and, to a lesser extent, in industry and construction. However, uncertainty in retail trade has continued to increase.
