The economic sentiment indicator remained broadly stable in July in the European Union (0.1 EU point, to 96.4) and the eurozone (-0.1 point, to 97.8), according to data released by the European Commission on Tuesday.
The employment expectations indicator, by contrast, fell both in the 27 Member States as a whole (-1.6 points, to 98.7) and among euro area countries (-1.8 points, to 97.8), falling below its long-term average for the first time since April 2021 in both areas.
According to the Directorate-General for Economic and Financial Affairs of the Community executive, among the EU’s largest economies, economic sentiment deteriorated sharply in France (-2.2) and Poland (-1.8), with a slight decline in the Netherlands (-0.2 points), while improving strongly in Spain (1.7) and, to a lesser extent, in Italy (0.4) and Germany (+0.2).
The European bloc saw a decline in confidence in the services and retail sectors in July, offset by a rise in confidence among consumers and the construction sector, which remained unchanged in manufacturing.
Author: Lusa
Source: CM Jornal
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