Euro Area: Economic sentiment falls in June

Euro Area Economic Sentiment June 2023

Euro Area: Economic sentiment falls in June

Sentiment in the Eurozone fell to 95.3 in June from 96.4 in May. Consequently, the index remained entrenched below its long-run average of 100, signaling persistent albeit moderate pessimism.

Sentiment in the services, retail, construction and industry sectors decreased. That said, employment expectations strengthened. Moreover, consumer confidence gained some further ground. Meanwhile selling price expectations eased in all sectors.

In terms of specific countries, sentiment declined in Germany, Italy, the Netherlands and Spain while it rose in France.

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