- Before – 13.8
- Economic confidence 93.7 vs 95.6 expected
- Ahead 95.8; change to 95.6
- Business confidence -14.1 vs -11.7 expected
- Before -11.1; changed to -11.4
- Confidence of services 5.9 vs 5.8 expected
- Before 5.3
Slight delay in distribution by the store. The drop in economic confidence sees it fall to its lowest level since November 2020, as the economic downturn in the euro area continues to weigh heavily on overall sentiment. That is indeed illustrated by the woes of Germany, as they are the major contributor – or should I say anchor in this case – to the Eurozone as a whole.
This article was written by Justin Low at www.forexlive.com.
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