Economic confidence continued to decline in the eurozone but slightly rebounded across the whole European Union (EU) in March, European Commission figures showed Monday.
The Economic Sentiment Indicator, based on business and consumer surveys, dropped by 0.6 points to 99.6 points in the eurozone, below its long-term average.
The indicator picked up by 1.7 points EU-wide to 102.0 points, due to significant higher confidence in the services sector. Confidence in manufacturing, construction and the retail trade remained broadly stable in the whole EU.
Confidence among consumers stayed unchanged in both the eurozone and the EU.
At the individual country level, the picture was mixed, with around half of the EU countries registering a decline in economic sentiment in March, with the other half reporting increases.
Among the large EU member states, confidence improved considerably in Britain and to a lesser extent in Poland and Germany, while remaining stable in France. But confidence weakened further in the Netherlands, Spain and Italy.
Source: Xinhua
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