Eurozone economic confidence index dropped to 105.0 in April from 106.7 in March, while the reading was forecast to improve to 108.0, survey results from the European Commission showed on Monday. Among big-four economies, economic sentiment deteriorated in Spain and in France. At the same time, confidence remained broadly unchanged in Germany, while it improved in Italy. The industrial sentiment index came in at 7.9 in April, down from 9.0 in the previous month. At 13.5, the services confidence index slid slightly from 13.6 in March.
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