HomeLive CommentsEurozone economic sentiment dropped to 104.0, decreased in most major countries

Eurozone economic sentiment dropped to 104.0, decreased in most major countries

Eurozone Economic Sentiment Indicator dropped -1.6 to 104.0 in April, missed expectation of 105.0. Industrial Confidence dropped to -4.1, down from -1.6 and missed expectation of -2.0%. Services Confidence was unchanged at 11.5, matched expectation. Consumer Confidence was finalized at -7.9.

Amongst the largest Eurozone economies, the ESI rose only in the Netherlands (+0.4), while it decreased in France (-1.0) and Italy (-1.0) and, more significantly so, in Germany (-1.5) and Spain (-2.6).

Also released, Eurozone Business Climate Indicator dropped -0.12 to 0.42, below expectation of 0.49. Managers’ views of the past production, their production expectations, and their assessments of overall order books and the stocks of finished products declined significantly. Meanwhile, there was some relief in the appraisals of export order books.

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