Fabian Demicoli

May 2014: Economic Sentiment rises in the euro area, remains broadly stable in the EU

 The headline
indicator for the EU remained broadly stable (+0.2), reflecting slipping
sentiment in the largest non-euro area EU economy (UK, -1.0). Sentiment in
Poland was flat (±0.0). In line with the euro area results, confidence in the
EU improved among consumers and in financial services. By contrast, while EU
confidence increased in retail trade, developments in the other business
sectors were worse than in the euro area.

Consumers'
views on future unemployment as well as managers' employment plans in
construction and services for the euro area were paralleled on the EU-level.
Contrasting with the euro area, EU managers in industry revised their
employment expectations downwards, while EU employment plans in retail trade
were assed more positively.

As for
price expectations, EU results were similar to the developments in the euro
area, except for a downward revision of selling price expectations in services.

 

 

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