Slight rebound in June of economic sentiment in the euro area
June 30, 2010
The economic sentiment improved slightly in June in the eurozone after a sharp decline the previous month, official data showed, suggesting an easing of fears of debt crisis in the region.
The economic sentiment index stood at 98.7 in June, against 98.4 in May, announced Tuesday the European Commission.
Economists and analysts polled by Reuters last week expected the decline to 98.2.
The feeling in the industry remained unchanged at -6 -7 cons expected.In services, it rose to 4 cons 3 recorded the previous month and expected by the consensus.
The indicator of consumer inflation expectations, that the European Central Bank (ECB) follows closely to its monetary policy decisions, fell to 11 in June against 12 in May
Finally, the business climate index, also published by the European Commission, has risen more than expected, to 0.37 in June against 0.34 in May and 0.33 expected.
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