Eurozone economic confidence unexpectedly slips in March
An index of executive and consumer sentiment in the region dipped to 107.9 from 108 in February
Amsterdam: Eurozone economic confidence unexpectedly slipped this month, an indication that the region’s recovery may not be as immune from political uncertainty as anticipated. An index of executive and consumer sentiment in the region dipped to 107.9 from 108 in February, the European Commission in Brussels said Thursday. While that’s lower than the 108.3 median estimate in a Bloomberg survey of economists, it’s still close to the highest level since 2011.
The latest health check on the economy follows a string of positive data suggesting the 19-nation bloc is coping with challenges in a potentially tumultuous year with UK’s trigger to leave the European Union and elections in France and Germany, the two largest economies in the region, later this year.
