The Eurozone consumer confidence fell to -14.8 points in February, as expectedto. The January data has been revised downward, from -14.8 to -15.5.
The Economic Sentiment Indicator (ESI) has increased to 93.4 from the previous 91.5, improving the 92 forecast by the market. This is the third consecutive month of improvement in the indicator, which registered in February its highest figure since March 2020.
The industrial confidence has improved to -3.3 from -6.1 (revised from -5.9), improving the -5 estimates. The service confidence also improves to -17.1 from -17.7 (revised from -17.8), moderating the expected -18.1 by one point.
EUR / USD reaction
The EUR / USD remains firmly higher this Thursday, and remains bullish after the confidence data from the Eurozone. The pair has advanced 70 pips from the low at 1.2156 of the Asian session, reaching at time of writing new six-and-a-half week highs at 1.2225.
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