Euro area confidence returning

Slide in sentiment over the past year may be bottoming out

28th February, 2019

Economic confidence in the euro area declined less than economists expected thanks to a solid service sector, suggesting the trade war-induced slide in sentiment over the past year may be bottoming out.

The European Commission’s index - which assesses the mood of households and businesses - dropped to 106.1 in February from a revised 106.3 the month before. That’s the eighth consecutive monthly drop, though the pace slowed after sharp declines around the turn of...

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