- Analytics
- News and Tools
- Market News
- Euro area Economic Sentiment Indicator drops to 99 in July vs. 102 expected
Euro area Economic Sentiment Indicator drops to 99 in July vs. 102 expected
- Economic sentiment continued to weaken in the euro area.
- EUR/USD lost its traction, turned flat on the day near 1.0200.
"In July 2022, the Economic Sentiment Indicator (ESI) plummeted in both the EU (-4.2 points to 97.6) and the euro area (-4.5 points to 99.0), falling below its long-term average," the European Commission reported on Thursday.
Further details of the publication revealed the Industrial Confidence Index dropped to 3.5 in July from 7 in June and the Services Confidence Index declined to 10.7 from 14.1. Finally, the Consumer Confidence Index fell to -27 from -23.8, matching the market expectation.
Market reaction
The EUR/USD pair edged lower with the initial reaction to the disappointing sentiment data and was last seen trading flat on the day near 1.0200.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
