- Prior -14.2
- Economic confidence 96.3 vs 96.0 expected
- Prior 95.2; revised to 95.3
- Industrial confidence -11.4 vs -12.0 expected
- Prior -12.9; revised to -12.7
- Services confidence 6.2 vs 6.8 expected
- Prior 6.6; revised to 6.7
Slight delay in the release by the source. Euro area economic sentiment sticks with the bounce in February with the reading here being the highest since September. That being said, overall conditions are still mostly subdued. A weaker services reading isn’t all too encouraging, even if accompanied by a better reading in the manufacturing sector. The latter is still very much in recession territory, no thanks to Germany.
This article was written by Justin Low at www.forexlive.com.
