Euro Area: Economic sentiment falls in June
Economic sentiment fell to 95.9 in June from May’s 96.1. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The decline was broad-based, with sentiment in the construction, industrial, retail and services sectors weakening in June. On the flip side, consumer confidence rose.
In terms of specific countries, sentiment worsened in Germany, France and Italy, while it improved in Spain and the Netherlands.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in June.