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The European commission calculated a composite confidence index for April

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The European commission calculated a composite confidence index for April
April 29
13:00 2020

The European Commission has released the statistics on the state of the eurozone economy for April. It became known that the composite business and consumer confidence index in the economy had fallen to 67 points. The last time the EU had such figures 11 years ago, in March 2009.

March data were also revised. The indicator turned out to be equal to 94.2 points, which is 0.3 points less than the previous value of the indicator for March.

The consensus forecast has turned out to be more optimistic than reality. Analysts believed that the April indicator would fall to the level of 74.7 points.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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