It wasn’t a positive day for the eurozone yesterday as business confidence figures dropped to their lowest levels since 2014. Production expectations, export order books and stock levels all showed negative figures.
Consumer confidence also declined from -6.5 to -7.2, although still above the April figure of -7.3. Economic sentiment continued the downward trend that last month seemed to have skipped, slumping to 103.3 from 105.2.
German inflation rose above market expectations, in a more positive sign if it can encourage greater spending in the eurozone’s largest economy.
