Eurozone: Eurozone sentiment eases in April
April 29, 2014
The Economic Sentiment Indicator (ESI) published by the European Commission inched down to 102.0 points in April, which was a slight deterioration over the 102.5 points recorded in March and contrasted market expectations that sentiment would rise to 103.0 points. That said, April’s print marked the fifth consecutive month in which the index remained above its 100-point long-term average.
All the categories measured deteriorated compared to the previous month, with the exception of consumer sentiment. At a country level, the largest decreases were seen in Malta (-2.6 points) and Belgium (-2.4 points). Sentiment deteriorated in three of the four major economies in the region, with the highest drop recorded in Spain (-1.0 points), followed by Germany (-0.4 points) and France (-0.3 points). Sentiment improved only in Italy (+0.5 points). Malta boasted the highest confidence level in the region in April with 108.1 points, followed by Germany, with 107.1 points.
Author: Armando Ciccarelli, Head of Data Solutions