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    Home » Euro Area Economic Sentiment Fell in April on Russia’s Invasion of Ukraine
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    Euro Area Economic Sentiment Fell in April on Russia’s Invasion of Ukraine

    May 2, 20221 Min Read
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    Confidence among the eurozone’s consumers and businesses dropped in April attributable to rising inflation and Russia’s invasion of Ukraine.

    • The European Commission stated that its economic sentiment indicator fell to 105.0 in April from 106.7 in March. Analysts of Economists had expected the index to stand at 108.0.
    • The decline was largely attributable to worsening confidence in retail trade, construction, and industry, as the confidence indicator remained largely unchanged in services.
    • Sentiment also dropped in Spain and France. Confidence remained fairly stable in Germany while it improved in Italy.
    • The employment expectations indicator declined further in April due to worsening employment plans for the next three months in four business sectors.

    The economic uncertainty indicator decreased slightly in April, -0.5 points to 25.3. Even though uncertainty continued to rise in construction, it remained fairly stable in retail trade and among consumers.

    EuroStoxx 50 down -1.87%, EURUSD down -0.17%

     

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