Euro Area: Economic sentiment falls in April
Latest reading: Economic sentiment fell to 93.0 in April, following March’s 96.2. The latest reading was the lowest since November 2020 and below the long-term average of 100, pointing to a muted near-term outlook for the economy and it was the.
In April, sentiment worsened in the industrial sector (-7.7 vs -7.0 in March), the construction sector (-2.4 vs -2.1 in March), the services sector (+0.9 vs +4.1 in March), the retail sector (-9.9 vs -7.6 in March) and among consumers (-20.6 vs -16.4 in March).
In terms of specific countries, sentiment deteriorated across all major euro area economies, including Germany, France, Italy, Spain and the Netherlands.