European economic sentiment wavers

Economic sentiment of Eurozone declined in April while rising in the EU

Economic sentiment of Eurozone declined in April while rising in the EU

ANKARA - Economic sentiment in the Eurozone declined slightly in April, while rising in the European Union, according to a European Commission report.

The Economic Sentiment Indicator of the Eurozone fell 0.5 points to 102 points, while the EU28 indicator continued upwards to 106.2 points with 0.9-point increase, according to the EC report released on Tuesday.

The Eurozone fall was mainly attributed to weaker confidence in the service and construction sectors.

The economic sentiment of industry and the retail trade did not change in April compared to the previous month.

Four of the largest five economies of the Eurozone scored declines, namely falls of one point in the Netherlands, one point in Spain, 0.4 points in Germany and 0.3 points in France, while increasing slightly with 0.5 point in Italy.

Industrial confidence dropped to 3.3 points with a 0.3-point decrease while sentiment in services fell from 4.5 points to 3.5 points.

Copyright © 2014 Anadolu Agency