FOREX TradingCharts.com

Financial News: Eurozone Economic Confidence Unexpectedly Weakens In April

Eurozone Economic Confidence Unexpectedly Weakens In April

05/02/2022 - 06:18:00 (RTTNews)

(RTTNews) - Eurozone economic confidence unexpectedly weakened in April driven by worsening sentiment in industry, retail trade, construction and among consumers, survey results from the European Commission showed on Monday.

The economic confidence index dropped to 105.0 in April from 106.7 in March, while the reading was forecast to improve to 108.0.

Among big-four economies, economic sentiment deteriorated in Spain and in France. At the same time, confidence remained broadly unchanged in Germany, while it improved in Italy.

The industrial sentiment index came in at 7.9 in April, down from 9.0 in the previous month. Economists had forecast the index to advance to 9.5.

At 13.5, the services confidence index slid slightly from 13.6 in March. The improvement in managers' views of past and expected demand was offset by a deterioration in their assessment of the past business situation.

The consumer sentiment index fell to -22.0 from -21.6 a month ago. The flash score was -16.9. The fall reflected marked decreases in households' assessments of their own past financial situation and their intentions to make major purchases. Reflecting a fall in managers' assessments of the past business situation, retailers' confidence weakened notably to -4.3 from -2.4 in March.

Due to a worsening in both managers' appraisals of the level of order books and their employment expectations, the construction sentiment index declined to 7.1 from 8.9 in the prior month.

Further, the employment expectations indicator fell 1.1 points to 112.4 in April. The decline was due to worsened employment plans for the next three months in all four business sectors, namely industry, services, retail trade and construction.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Jobless Rate Rises In April (37 min(s), 10 sec(s) ago)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story»

South Africa Wholesale Sales Growth Slows In March (01 hr(s), 52 min(s), 10 sec(s) ago)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story»

Malaysia Trade Surplus Falls In April (03 hr(s), 31 min(s), 10 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story»

Sweden Capacity Utilization Increases In Q1 (04 hr(s), 38 min(s), 10 sec(s) ago)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story»

Australia Jobless Rate Eases To 3.9% In April (21 min(s), 50 sec(s) ago)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story»

Japan Core Machine Orders Jump 7.6% On Year In March (04 min(s), 50 sec(s) ago)
(RTTNews) - The value of core machine orders in Japan was up 7.6 percent on year in March, the Cab ...Full Story»

Japan Has Y839.2 Billion Trade Deficit In April (54 min(s), 50 sec(s) ago)
(RTTNews) - Japan posted a merchandise trade deficit of 839.2 billion yen in April, the Ministry o ...Full Story»

New Zealand PPI Inputs +3.6% On Quarter, Outputs +2.6% In Q1 (49 min(s), 50 sec(s) ago)
(RTTNews) - Producer price inputs in New Zealand were up 3.6 percent on quarter in the first quart ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Jobless Rate Rises In April

05/19/2022 - 07:38 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story>>

South Africa Wholesale Sales Growth Slows In March

05/19/2022 - 06:23 AM (RTTNews)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story>>

Malaysia Trade Surplus Falls In April

05/19/2022 - 04:44 AM (RTTNews)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story>>

Sweden Capacity Utilization Increases In Q1

05/19/2022 - 03:37 AM (RTTNews)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story>>

Australia Jobless Rate Eases To 3.9% In April

05/18/2022 - 21:37 PM (RTTNews)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.