Confidence in the eurozone economy in April exceeded forecasts

In April, the consolidated index of business and consumer confidence in the euro area economy amounted to 112.7 points, coinciding with the revised value of the index for March, according to the European Commission. Analysts had expected a decrease to 112 points. The value of the index for March and April was the lowest since August 2017. The indicator of the business climate in the euro area reached a minimum value for 8 months, dropping to 1.35 points from 1.44 points a month earlier. Analysts had predicted an even greater decline - to 1.28 points. The confidence index in the service sector dropped to 14.9 points from 15.9 points in March. Growth in April showed an indicator of confidence in industrial companies, it rose from 7 points to 7.1 points. The consumer confidence index was 0.4 points, increased by 0.1 points in March.

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