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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)
Economic Sentiment Indicator (ESI): 110.3; Prev (Mar): 100.9
Consumer: -8.1(Mar: -10.8); Industry: +10.7 (Mar: +2.1); Services: -2.1 (Mar: -9.6); Retail: -3.1 (Mar: -12.2); Construction: +2.9 (Mar: -2.3)
- The EZ ESI surged by 9.4pt to 110.3 in Apr, beating expectations of an uptick to just 102.0.
- The index now stands at the highest level since Sep 2018, rising above pre-crisis levels for the first time since the start of the pandemic.
- April's increase was broad-based with every industry posting m/m gains, led by an 11.7pt uptick in the service sector with service sentiment recording the first positive and the highest reading since Feb 2020.
- Retail trade confidence gained 9.1pt and rose to a 14-month high of -3.1, while consumer sentiment registered in line with the flash estimate showing an increase to -8.1.
- Industrial sentiment rose further in Apr by 8.6pt, marking the fifth consecutive gain and the highest level on record, while confidence in the construction sector ticked up 5.2pt and recorded the first positive reading since Feb 2020.
- The ESI increased markedly in the six biggest EZ economies, led by Poland (+11.3pt), the Netherlands (+10.7pt) and Spain (+9.1pt), France (+8.5pt), Germany (+5.7pt) and Italy (+5.3pt).
- The employment expectations index increased to 107.1 in Apr, marking the highest level since Jun 2019.
Source: European Commission
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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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