The economic climate of the euro area deteriorated significantly in April
Sentiment in the industry dropped to a two-year low and well below the long-term average. Managers of enterprises evaluated negatively the future growth of production and the current level of domestic orders. Assessment on the adequacy of stocks of finished goods was more or less stable. Sentiment in services fell to a four-month low, mainly due to the negative assessment of the current situation and the domestic demand.
After the continuous improvement in Q1 was cooling consumer confidence due to a worsening of the economic situation, financial situation of households and rising unemployment. The decline of trust in construction was mainly negative expectations about employment. In the retail sector showed optimism for the third month in a row a positive evaluation of stocks, while the outlook remained unchanged. Sentiment in the retail sector was the best since November.
Managers worse outlook in employment in industry and services and in all sectors expect lower sales prices. In the financial services sector, which is not included in the ESI, there was a sharp deterioration in sentiment due to a decrease future demand.
Last news from the section Macroeconomics:
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Michal Dvořák, TradeCentrum
Patrik Mackových, TopForex
Jonáš Mlýnek, LYNX
Zdeněk Ďuriš, EKKA-Gold
Štěpán Hájek, Bossa
Štěpán Křeček, BHS
Silvia Holá, xPartners
Jakub Petruška, Zlaťáky.cz
Patrik Hudec, GENERALI