Euro Area's November economic indicators likely to rise

The European Commission survey is yet to release some economic indicators today for the period of November, some flexibility is expected to be seen. 

The market consensus expects the Business Climate Indicator to rise slightly from previous 0.44 to 0.45, the business climate is virtually stable in the building construction industry.

The Industrial Confidence should come at -2.1 from a previous reading of -2.0, Economic Confidence is expected to be steady at previous 105.9, while November's Service Confidence is likely to increase from previous 11.9 to 12, according to the consensus expectations. 

"Specifically, we expect the Economic Confidence Index to fall from 105.9 to 105.1, the business climate indicator to fall from 0.44 to 0.38, industrial confidence to fall from -2.0 to -2.7, and economic confidence to fall from 105.9 to 105.1. However, the services confidence indicator is set to increase from 11.9 to 12.5", estimates Societe Generale.