Euro zone sentiment suddenly jumps for the third straight month

Euro zone sentiment suddenly jumps for the third straight month

In July, euro zone economic sentiment went up moderately for a third consecutive month, reaching a fresh 10-year peak, versus hopes for a sag from June, as data issued by the European Commission on Friday revealed.

This month the sentiment indicator in the EU ascended to 111.2 from June’s reading of 111.1 and May’s outcome of 109.2, powered by more optimism in the services sector.

The average forecast in a Reuters survey of up to 29 economists was for a sag to 110.8 following a leap in June to its maximum in almost a decade.

The given figure confirmed the sturdy revival of the euro zone, with output anticipated to ascend by another half percentage point during the second quarter after firm expansion in the January-March period.

Notwithstanding the unexpected soar in the sentiment, in July, the Commission's business confidence index, pointing to the phase of the economic cycle, edged down to 1.05 from June’s upwardly revised reading of 1.16, the highest result since April 2011.

 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera