EC’s Economic Sentiment Indicator (10.00 BST) likely edged down in April, as the continued crisis in Greece weighed on confidence. Granted, the continued weakness of the euro and low inflation might suggest that sentiment rose again. But their impact on sentiment will have been offset by the turmoil in Greece. Indeed, the available data for April generally show a softening in sentiment, including the EC’s consumer confidence index. “We think that the ESI may have fallen to about 103.0 in April” – says Capital Economics
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