Eurozone economic sentiment deteriorates in April.
Eurozone economic sentiment deteriorated in April, according to a survey released on Tuesday by the European Commission.
Source: Sharecast
The EC’s economic sentiment indicator fell by 1.4 points in both the European Union and the eurozone, to 94.4 and 93.6, respectively. Economists were expecting a reading of 94.5 for the eurozone.
Meanwhile, the employment expectations indicator declined 0.7 points for the EU to 96.9 and was unchanged for the euro area at 96.5.
Carsten Brzeski, global head of macro at ING, said: "All in all, today's economic sentiment indicator is another illustration of how the last four weeks of tariff tensions and uncertainty have entirely wiped out the tentative return of optimism in the eurozone.
"Unless there are major changes in US trade policy, sentiment as well as economic activity in the eurozone will remain subdued over the coming months."
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
