Economic confidence 94.0 vs 95.1 expectedPrior 94.8Industrial confidence -12.0 vs -9.9 expectedPrior -10.3; revised to -10.4Services confidence 2.9 vs 1.6 expectedPrior 1.5; revised to 1.8
Euro area economic sentiment worsened slightly in June amid a drop in manufacturing confidence, offsetting the slight improvement in services sector confidence. The overall reading remains relatively subdued since last year, though it hasn’t gotten much worse as the economy has been a bit more resilient than expected – especially in Q4 2024 and Q1 2025.
This article was written by Justin Low at www.forexlive.com.