Eurozone Economic Sentiment June 2016


Eurozone: Economic sentiment edges down in June

June 30, 2016

Economic sentiment in the Eurozone fell in June, according to the European Commission (EC). The economic sentiment index (ESI) decreased from 104.6 in May to 104.4. The result undershot the 104.7 reading that market analysts had expected.

Looking at the sectors of the economy, economic sentiment fell to a three-month low in the services sector and a one-year low in retail trade. In addition, consumers were less optimistic in June than May.

At a country level, sentiment deteriorated in France, Italy and Lithuania. However, an increase in sentiment was recorded in Germany, the largest economy in the Eurozone, along with Belgium and Spain.

FocusEconomics Consensus Forecast panelists see private consumption growing 1.7% in 2016, which is unchanged from last month’s projection. For 2017, panelists also see consumption expanding 1.3%. Panelists expect investment to grow 2.9% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, panelists see investment increasing 1.4%.

Author: Angela Bouzanis, Senior Economist

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