Eurozone Economic Confidence Highest in Almost A Year

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Economic confidence of eurozone consumers and businesses rose in February to its highest point in nearly a year.

 

This is partly due to optimism that the vaccinations against the coronavirus will accelerate the economy’s recovery.

The European Commission’s index that measures confidence has climbed this month to a level of 93.4, from 91.5 in January. Confidence increased in industry, services and consumers, but declined in the retail and financial sectors.

Economic confidence rose in Germany, France and Italy within the large economies of the euro area.

However, sentiment deteriorated considerably in Spain and, to a lesser extent, also in the Netherlands, according to the committee.

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