Forex News

The level of economic confidence in the euro area has maintained stability in April

Economic sentiment in the eurozone remained stable in April, as evidenced by the European Commission survey, published on Friday.

The economic sentiment index in April maintained its stability at 112.7.

The figure is expected to decrease to 112.0.

Among the components, the consumer confidence indicator was 0.4 versus 0.1 in the previous month.

The indicator corresponds to a preliminary estimate. Similarly, the industry’s confidence index increased slightly to 7.1 in April from 7.0 in the previous month.

Meanwhile, the service sentiment index fell from 15.9 to 14.9.

Another survey showed that the business confidence index remained generally unchanged in April.

The value of the index was 1.35 against 1.44 in March.

The estimates of the managers of the past production and the general portfolio of orders have worsened significantly.

Meanwhile, expectations for the production of managers have improved significantly.

Only the estimation of the stocks of finished products remained practically unchanged.