FX.co ★ Euro Area Industrial Sentiment Weakens

In November 2025, the Euro Area industry confidence indicator dropped to -9.3 from a revised -8.5 in the previous month, which was the highest level recorded since September 2023. This figure fell short of the forecasted -8. The decline can be attributed primarily to managers' more pessimistic production expectations and their assessments of the current overall order books, which overshadowed the more favorable view of finished product stocks. Furthermore, there was a notable deterioration in managers’ perspectives on changes in past production and export order books.