FOREX TradingCharts.com

Financial News: Eurozone Economic Confidence Reaches 21-Year High

Eurozone Economic Confidence Reaches 21-Year High

06/29/2021 - 05:59:00 (RTTNews)

(RTTNews) - Eurozone economic confidence reached a 21-year high in June, largely driven by the improvement in the services sector after the easing of lockdown restrictions, survey results from the European Commission showed on Tuesday. The economic confidence index rose more-than-expected to 117.9 in June from 114.5 in the previous month. The expected level was 116.5.

The industrial confidence index increased for the seventh month in a row to a new all-time high of 12.7 in June from 11.5 a month ago. The reading was also above economists' forecast of 12.3.

Managers' very positive assessments of the current level of overall order books and the stocks of finished products underpinned the increase.

Services confidence posted its fifth straight month of improvement in June. At 17.9, the corresponding index hit the highest since August 2007, up from 11.3 in the previous month.

Likewise, the consumer sentiment indicator improved to -3.3 from -5.1 in May. The reading matched the flash estimate. This was the fifth consecutive increase in confidence.

Retail trade confidence rose for the fourth time in a row, reflecting managers' improved assessment of the past business situation. The corresponding index advanced to 4.5 from 0.5 in May.

Driven by managers' better appraisals of the level of order books, the construction sentiment index gained marginally to 5.1 from 4.9.

The further increase in the Employment Expectations Indicator rose by 1.6 points to 111.6 in June. The improvement was driven by more optimistic employment plans in industry and services, largely outweighing the slight dip in construction.

Selling price expectations logged the fourth month of marked and uniform increases across all surveyed business sectors.

Data showed that the business confidence index rose to 1.71 in June from 1.49 in May. The survey was conducted between June 1 and 21.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal GDP Rebounds In Q2 (13 min(s), 17 sec(s) ago)
(RTTNews) - Portugal's economy expanded in the second quarter after contracting in the previou ...Full Story»

Austria Economy Rebounds In Q2 (04 min(s), 43 sec(s) ago)
(RTTNews) - Austria's economy rebounded strongly in the second quarter to exit a recession, pr ...Full Story»

U.S. Consumer Sentiment Drops Slightly Less Than Initially Estimated In July (01 hr(s), 13 min(s), 43 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Growth In July (01 hr(s), 34 min(s), 43 sec(s) ago)
(RTTNews) - A report released by MNI Indicators on Friday unexpectedly showed a notable accelerati ...Full Story»

Italy GDP Growth Accelerates In Q2 (02 hr(s), 30 min(s), 43 sec(s) ago)
(RTTNews) - Italy's economy expanded at a faster pace in the second quarter, the preliminary e ...Full Story»

U.S. Personal Income Unexpectedly Inches Higher In June (02 hr(s), 37 min(s), 43 sec(s) ago)
(RTTNews) - Personal income in the U.S. expectedly saw a slight increase in the month of June, acc ...Full Story»

Eurozone Economy Bounces Back From Pandemic Driven Downturn (02 hr(s), 45 min(s), 43 sec(s) ago)
(RTTNews) - The euro area economy recovered in the second quarter, after two straight quarters of ...Full Story»

U.S. Personal Income Unexpectedly Inches Up 0.1% In June (03 hr(s), 16 min(s), 43 sec(s) ago)
(RTTNews) - Personal income in the U.S. expectedly saw a slight increase in the month of June, acc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal GDP Rebounds In Q2

07/30/2021 - 12:07 PM (RTTNews)
(RTTNews) - Portugal's economy expanded in the second quarter after contracting in the previou ...Full Story>>

Austria Economy Rebounds In Q2

07/30/2021 - 11:49 AM (RTTNews)
(RTTNews) - Austria's economy rebounded strongly in the second quarter to exit a recession, pr ...Full Story>>

U.S. Consumer Sentiment Drops Slightly Less Than Initially Estimated In July

07/30/2021 - 10:40 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Growth In July

07/30/2021 - 10:19 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Friday unexpectedly showed a notable accelerati ...Full Story>>

Italy GDP Growth Accelerates In Q2

07/30/2021 - 09:23 AM (RTTNews)
(RTTNews) - Italy's economy expanded at a faster pace in the second quarter, the preliminary e ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.