Confidence in the economy of the euro zone declined further in February. This was reported by the European Commission. It is already the fourteenth month in a row that economic confidence in the euro area is falling.
The index with which the committee measures the trust went from an adjusted 106.3 in January to 106.1 this month. Economists had predicted an average of 106.0 on average.
The decline in confidence is due to a deterioration in sentiment in industry and construction. The services sector and, to a lesser extent, retail and consumers showed slightly positive signs, according to the European Commission.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.