FOREX TradingCharts.com

Financial News: Eurozone Economic Sentiment Eases For Ninth Month

Eurozone Economic Sentiment Eases For Ninth Month

03/28/2019 - 09:03:00 (RTTNews)

(RTTNews) - Eurozone's economic sentiment deteriorated at a faster than expected pace in March, and for the ninth month in row, led by the weakening morale in industry and services.

The economic sentiment index fell to 105.5 from 106.2 in February, survey data from the European Commission showed on Thursday. Economists had expected a score of 105.9.

The industrial confidence index dropped to -1.7 from -0.4, and the services measure fell to 11.3 from 12.1. Economists had forecast readings of -0.5 and 12, respectively.

The consumer confidence index improved to -7.2 from -7.4, in line with its flash estimate.

Sentiment modestly improved in the retail and construction sectors, while the morale surged in the financial services industry.

Separately, the European Commission reported that the business climate indicator for the euro area decreased to 0.53 in March from 0.69 in February. Economists had expected the index to remain steady.

Managers' views of the past production, their production expectations, and their assessments of both overall and export order books declined significantly, while their appraisal of the stocks of finished products worsened only slightly, the report added.

"The decline in the Economic sentiment indicator shows that business confidence continues to suffer and that the start of a growth recovery hasn't really happened so far," ING economist Bert Colijn said.

"Q1 hasn't seen the recovery that was expected, but the possibility that Q2 will finally show some recovery signs still remains alive," he added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. New Home Sales Unexpectedly Jump To 16-Month High In March (06 hr(s), 18 min(s), 51 sec(s) ago)
(RTTNews) - New home sales in the U.S. unexpectedly jumped to their highest level in well over a y ...Full Story»

UK Household Finance Index Rises In April (08 hr(s), 02 min(s), 51 sec(s) ago)
(RTTNews) - UK households' assessment of their financial well-being rose at the fastest rate i ...Full Story»

Eurozone Govt. Deficit Narrows In 2018 (10 hr(s), 39 min(s), 51 sec(s) ago)
(RTTNews) - The euro area government deficit narrowed at the end of 2018 as revenue increased amid ...Full Story»

Taiwan Industrial Production Falls More Than Expected (10 hr(s), 52 min(s), 51 sec(s) ago)
(RTTNews) - Taiwan's industrial production declined for the fourth month to the weakest in Mar ...Full Story»

Denmark Consumer Confidence Weakens In April (13 hr(s), 05 min(s), 51 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened in April, survey data from Statistics Denma ...Full Story»

Singapore Inflation Rises Slightly In March (13 hr(s), 08 min(s), 51 sec(s) ago)
(RTTNews) - Singapore's inflation rose marginally in March, data from the Monetary Authority o ...Full Story»

Dutch Consumer Confidence Decline Slows In April (13 hr(s), 15 min(s), 51 sec(s) ago)
(RTTNews) - Netherlands' consumer confidence declined at a slower pace in April, data from the ...Full Story»

New Zealand Credit Card Spending Data Due On Tuesday (23 min(s), 09 sec(s) ago)
(RTTNews) - New Zealand will on Tuesday release March numbers for credit card spending, highlighti ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Unexpectedly Jump To 16-Month High In March

04/23/2019 - 10:18 AM (RTTNews)
(RTTNews) - New home sales in the U.S. unexpectedly jumped to their highest level in well over a y ...Full Story>>

UK Household Finance Index Rises In April

04/23/2019 - 08:34 AM (RTTNews)
(RTTNews) - UK households' assessment of their financial well-being rose at the fastest rate i ...Full Story>>

Eurozone Govt. Deficit Narrows In 2018

04/23/2019 - 05:57 AM (RTTNews)
(RTTNews) - The euro area government deficit narrowed at the end of 2018 as revenue increased amid ...Full Story>>

Taiwan Industrial Production Falls More Than Expected

04/23/2019 - 05:44 AM (RTTNews)
(RTTNews) - Taiwan's industrial production declined for the fourth month to the weakest in Mar ...Full Story>>

Denmark Consumer Confidence Weakens In April

04/23/2019 - 03:31 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence weakened in April, survey data from Statistics Denma ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.