Eurozone economic confidence fell to a 5-month low in January, survey results from European Commission showed Thursday.
The economic confidence index dropped to 105 in January from 106.7 in December. It was the lowest score since August, when the reading was 104.
The industrial sentiment index fell to -3.2 from -2.0. The services confidence indicator came in at 11.6, down from 12.8 a month ago.
Likewise, the consumer sentiment index declined to -6.3, in line with flash estimate, from -5.7 in previous month.
The retail trade indicator held steady at 2.9 in January. The indicator for construction slid to -19.1 from -17.6 in previous month.
Another report showed that business confidence dropped to 0.29 from 0.39 in December. The expected score was 0.4.
All five underlying components of the business sentiment index contributed to this decline.
The worsening was slightly more marked for managers’ appraisal of stocks of finished products, total and export order books as well as managers’ production expectations than for their assessment of production trends observed in recent months.
The material has been provided by InstaForex Company – www.instaforex.com