- Prior -13.6
- Economic confidence 95.2 vs 97.0 expected
- Prior 96.3
- Industrial confidence -10.6 vs -10.5 expected
- Prior -11.4; revised to -11.0
- Services confidence 2.4 vs 6.7 expected
- Prior 6.2; revised to 5.1
Slight delay in the release by the source. Economic sentiment in the euro area declined to its lowest since December last year as services sector sentiment fell profoundly on the month. The outlook remains shaky with Trump tariffs also in consideration. Adding to the concerns is the rise in consumer inflation expectations. The index (as seen below) climbed to 24.4 in March, the highest since November 2022.
This article was written by Justin Low at www.forexlive.com.
