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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
MNI (London)
MAR ECONOMIC SENTIMENT INDICATOR 108.5; FEB 113.9r
MAR INDUSTRIAL CONFIDENCE 10.4; FEB 14.1r
MAR CONSUMER CONFIDENCE -18.7; FEB -8.8
MAR EMPLOYMENT EXPECTATIONS 115.5; FEB 116.4r
- Economic sentiment saw a significant 5.4-point drop to 108.5 in March, coming in at a 12-month low on the back of significant declines in consumer confidence. Despite the substantial fall, this is 0.5pp above analysts' expectations, likely due to services improving slightly and constructions remaining stable.
- Economic sentiment saw the largest decline in France (-7.1) followed by Spain (-6.5) and Germany (-4.3).
- Consumer confidence confirmed the lowest reading since May 2020, falling 9.4 points as households due to both a dive in their assessment of the general economic situation and historically low future financial expectations. Consumer uncertainty hit a record high.
- Substantial falls were also seen in retail trade and industry confidence.
- Expectations were the key downwards drivers across these indexes, with industry confidence seeing a 12-month low.
Source: EC
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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