Economic Buzz: Eurozone Economic Confidence Recovers In February

25 Feb 2022 , 04:27 PM

Eurozone economic confidence rose to a three-month high in February after three consecutive decreases, survey results from the European Commission showed on Friday. The economic confidence index rose to 114.0 in February from 112.7 in the previous month. This was the highest reading since November. The improvement was driven by mounting confidence in services, retail trade and, to a lesser extent, construction. The industrial sentiment index rose slightly to 14.0 from 13.9 a month ago. The services confidence index advanced to 13.0 from 9.1 in January. At 5.4, the retail trade confidence reached its highest level since late 2015. Confidence in construction also improved, with the index hitting 9.9, up from 8.1 in the prior month. Meanwhile, the consumer sentiment index came in at -8.8, in line with flash estimate, and down from -8.5 in January.

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