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In April, the consolidated index of business and consumer confidence in the euro area economy amounted to 112.7 points, coinciding with the revised value of the index for March, according to the European Commission. Analysts had expected a decrease to 112 points. The value of the index for March and April was the lowest since August 2017. The indicator of the business climate in the euro area reached a minimum value for 8 months, dropping to 1.35 points from 1.44 points a month earlier. Analysts had predicted an even greater decline - to 1.28 points. The confidence index in the service sector dropped to 14.9 points from 15.9 points in March. Growth in April showed an indicator of confidence in industrial companies, it rose from 7 points to 7.1 points. The consumer confidence index was 0.4 points, increased by 0.1 points in March.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
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