Mexican Media Brands
Eurozone Economic Sentiment Sags
Business and consumer confidence in the eurozone economy slipped in April, marking the second straight month-on-month decline, according to Eurostat.
#economics
Share
Business and consumer confidence in the eurozone economy slipped in April, marking the second straight month-on-month decline, according to Eurostat.
The EU statistics bureau's Economic Sentiment Index fell to 88.6 this month from 90.1 in March. A 1.2-point increase in consumer confidence was outweighed by declines in the industrial, retail, services and construction sectors.
Sentiment fell 2.3 points in Germany, 2 points in France and 1.9 points in Italy. Spain bucked the trend with a 0.9-point improvement.
Economists say the downturn in confidence increases the likelihood that the European Central Bank will cut interest rates when it meets on Thursday.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.