The economic mood in the EU and the Eurozone deteriorated in February

By: Trademagazin Date: 2024. 02. 28. 11:50

The economic sentiment index deteriorated in the euro area and the European Union in February, according to a survey presented on Wednesday by the European Commission’s Directorate General for Economic and Financial Affairs (DG ECFIN).

The Eurozone Economic Sentiment Indicator (ESI) weakened from 96.1 points in January to 95.4 points. An improving indicator, 96.7 points, was included in the average of analysts’ expectations. The economic sentiment index of the European Union also fell from 95.8 points in the previous month to 95.4 points.

The Employment Expectations Indicator (EEI) in the EU remained at 102 points, in the euro area it improved from 102.3 points in January to 102.5 points. In the euro area, the consumer sentiment index increased from minus 16.1 points in January to minus 15.5 points, the same indicator in the EU rose from minus 16.2 points to minus 15.8 points.