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    Eurozone’s economic sentiment index declines to 103.7 in April | 29.04.2015

     

    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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