The ZEW Indicator of Economic Sentiment for the Euro Area dropped by 21.6 points from the prior month to 52.3 in October of 2020, the lowest since May. In October, 63.5 percent of the surveyed analysts expected deterioration in economic activity, 25.3 percent expected no changes while 11.2 percent predicted an improvement. Meantime, the indicator of the current economic situation went up by 4.3 points to -76.6 while inflation expectations fell by 3.7 points to 27.3.
