In April, economic sentiment in the euro area deteriorated to an 11-year low

By: Trademagazin editor Date: 2020. 04. 29. 11:10

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April saw the largest drop in the business sentiment of euro area economies. According to a survey published by the European Commission’s Directorate-General for Economic and Financial Affairs (DG EcFin) on Wednesday, the economic sentiment index approached an 11-year low, and set a negative record in the services industry.

In April, the Eurozone Economic Sentiment Indicator (ESI) fell the most ever, by 27.2 points from the previous month to 67.0 points, the lowest since March 2009. Analysts expected a smaller drop of 74.7 points in April after the 94.2 points in March. (MTI)