logo
Plus   Neg
Share
Email

Amended: Eurozone Economic Sentiment Weakens For Eighth Month

Story recast.

Eurozone's economic sentiment eased for an eighth successive month in February, survey data from the European Commission showed on Wednesday.

The economic sentiment index fell to 106.1 from 106.3 in January. Economists had forecast a score of 106.

The industrial confidence index dropped to -0.4 from 0.6, which was worse than the 0.1 percent economists had predicted.

The consumer confidence index improved for a second month, rising to -7.4 from -7.9, confirming the flash estimate.

The services confidence also improved in February, with the index climbing to 12.1 from 11. Economists had expected the reading to remain steady.

Morale weakened in the construction industry, but improved in the retail trade sector.

The business climate index showed a score of 0.69 in February, which was unchanged from January. Economists had forecast a score of 0.67.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT