Eurozone: Economic sentiment rises in April
April 28, 2016
Economic sentiment in the Eurozone rose in April, reversing March’s loss. According to the European Commission (EC), the economic sentiment index (ESI) increased from 103.0 in March to 103.9 in April. The result overshot the 103.4 market analysts had expected. March’s reading had marked the lowest level since February 2015.
Looking at the sectors of the economy, economic sentiment rose almost across-the-board and hit a three-month high in both industry and services. However, sentiment waned in retail trade. Meanwhile, economic sentiment among consumers rose from the previous month’s 15-month low.
At a country level, an increase in economic sentiment was registered in the majority of the economies in the common-currency bloc. Notable rises in sentiment were tallied in Cyprus, Luxembourg and Slovenia. Among the major economies surveyed, sentiment rose in Germany and Italy but deteriorated in France and Spain.