Improvement In Eurozone Economic Sentiment Starts To Level Off

Summary

• The European Commission's economic sentiment indicator stabilised in April, although the manufacturing sector is struggling.
• Consumer confidence increased by 1.6 points in April, with a better assessment of the financial situation as one of the main drivers.
• Inflation expectations have eased, suggesting that the peak in underlying inflation has been reached.

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By Peter Vanden Houte, Chief Economist, Belgium, Luxembourg, Eurozone

Consumption saves the day

The European Commission’s economic sentiment indicator stagnated at 99.3 in April, following a reading of 99.2 in March.

Industrial confidence declined for