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Eurozone Consumer Confidence Highest In Over A Year
(RTTNews) - Euro area consumer sentiment strengthened for the fifth month in a row to its highest level in over a year, preliminary data from the European Commission showed Monday. The flash consumer confidence index for Eurozone climbed to -19.0 from -20.9 in January. That was in line with economists' expectations. The latest reading was the highest since February last year, when it was at -9.4. The consumer confidence index for the EU gained 1.5 points to reach -20.6, which was the highest since February last year.
Despite the successive improvements over the past few months, the readings remained well below its long-term average. Data for the survey was collected from February 1 to 19. The final results are set to be released along with the monthly economic sentiment survey data on February 27.
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Eurozone Trade Surplus Surges On Exports To US
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Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.
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Eurozone Private Sector Growth Eases On Weaker Demand
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Eurozone Inflation Remains Stable At 2.2%
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