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- Eurozone’s economic sentiment index declines to 103.7 in April
Eurozone’s economic sentiment index declines to 103.7 in April
The European Commission released its economic sentiment index for the Eurozone on Wednesday. The index declined to 103.7 in April from 103.9 in March, missing expectations for a rise to 104.1.
It was the first decline in five months.
The consumer confidence index dropped to -4.6 in April from -3.7 in March due to faltering optimism about the level of future unemployment and the future general economic situation index.
The industrial confidence index decreased to -3.2 in April from -2.9 the previous month as production expectations declined.
The services sentiment index climbed to 6.7 in April from 6.1 in March.
The construction confidence index fell to -25.6 in April from -24.2 in March due to the weaker employment expectations.
The business climate index increased to 0.32 in April from 0.23 in March, exceeding forecasts of a drop to 0.12. It was the highest level since May 2014.
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