All Confidence Indicators Dive Deeper in Europe - Forex News by FX Leaders

All Confidence Indicators Dive Deeper in Europe

Posted Wednesday, April 29, 2020 by
Skerdian Meta • 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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