Euro Area: Economic sentiment decreases in June
Latest reading: Economic sentiment fell to 94.0 in June from May’s 94.8. Accordingly, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The deterioration was driven by weaker sentiment in the industrial and retail sectors. Moreover, confidence among consumers worsened. That said, sentiment in the construction and services sectors improved.
In terms of specific countries, sentiment declined in France, Germany and Spain, while it improved in Italy and the Netherlands.
Regarding indicators that are not used to calculate the index, employment expectations strengthened, while the economic uncertainty index fell in June.