- Euro area Economic Sentiment Indicator drops to 99 in July vs. 102 expected
Notícias do Mercado
28 julho 2022
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.
O foco de mercado
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