All Confidence Indicators Dive Deeper in Europe
The economic confidence continues to weaken further in the Eurozone
Skerdian Meta•Wednesday, April 29, 2020•1 min read
The economic confidence takes a massive plunge in Europe and the sentiment across the board also falls drastically, which isn’t too much of a surprise given the tough conditions we are seeing amid the virus fallout and lockdown measures in the region. Below is the final reading for the consumer confidence for this month:
Eurozone April Final Consumer Confidence Report
- April final consumer confidence -22.7 vs -22.7 prelim
- Economic confidence 67.0 vs 73.1 expected
- Industrial confidence -30.4 vs -25.0 expected
- Services confidence -35.0 vs -27.0 expected
The final consumer confidence remained unchanged at -22.7 points, which is bad enough, but all other components of this report have been revised much lower. Economic confidence has softened further to 67 points from 73.1 in the first reading, industrial confidence has declined to -30.4 points from -25 and services confidence has also declined to -35 points. This is yet another horrible report and things are going from bad to worse. I mean, you can’t expect any improvement if everyone stays locked down in their homes.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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