The Final index of consumer confidence in the eurozone stood at -23.6 points in June compared to -21.1 previously recorded, according to the latest publication of data from the European Commission. The data confirmed the consensus forecast of -23.6.
On the other hand, the bloc’s economic sentiment indicator for June fell to 104.0falling from 105.0 the previous month but above the 103.0 expected.
The sentiment in the industrial sector improved to 7.4 points in June from May 6.5 and that of the service sector, the largest sector of the economy, up to 14.8 from May 14.1.
Consumers’ inflation expectationswhich reached an all-time high in March, they kept going down up to 42.6 points in June from the 45.5 registered in May.
market reaction
The pair EUR/USD Posts small losses on the day, but little changed after Eurozone sentiment data. The pair is currently trading at 1.0510.
Source: Fx Street
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