- Economic confidence 95.6 versus 96.7 expected
- Before 96.3
- Industrial confidence -10.5 versus -8.5 expected
- Before -8.8
- Trust in services 6.0 versus 6.5 expected
- Before 6.3
Economic sentiment in the Eurozone deteriorated at the start of the second quarter, but at least last week’s PMI data shows a glimmer of hope. We will see how this translates into concrete data in the coming months. But for now, the ECB is still on track for a rate cut in June.
This article was written by Justin Low at www.forexlive.com.
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