Prior -13.8Economic confidence 93.7 vs 95.6 expectedPrior 95.8; revised to 95.6Industrial confidence -14.1 vs -11.7 expectedPrior -11.1; revised to -11.4Services confidence 5.9 vs 5.8 expectedPrior 5.3
Slight delay within the launch by the supply. The drop in financial confidence sees it fall to its lowest since November 2020, as the economic recession within the euro space continues to maintain a heavy drag on general sentiment. That’s in fact exemplified by Germany’s woes, as they’re the most important contributor – or ought to I say anchor on this case – to the general Eurozone.
This text was written by Justin Low at www.forexlive.com.
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