Eurozone economic sentiment beats expectations in November

Eurozone economic sentiment has come in at 98.5 from 97.7 (revised from 97.8) to November. Analysts had expected a rise to 98.0.

IHS Global Insight's Howard Archer says that this news supports "hopes that the Eurozone can gradually establish economic recovery".

Consumer confidence however, has dropped for the same period - down from -14.5 to -15.4 (as forecast).

Indicators for business climate, industrial service confidence, and services sentiment were all stronger than expected.