Forex News: 05.01.2007 The economic sentiment index was slightly down in the euro area in December
The economic sentiment index in the euro area was below expectations, dropping to 110.1 in December, from 110.3 in the preceding month. It was expected that the economic sentiment index, indicating the confidence of firms and consumers in the economic situation in the euro area, would amount to 110.4 points in December.It is important to note that, despite economic sentiment drop in December, the index keeps the highest level in six years, reflecting fast economic growth, growing consumer demand and exports boost.
High level of companies’ confidence in current economic situation found reflection in larger investment and new jobs, which, in its turn, reduced unemployment rate.
posted by Kalin Tasev @ 1:30 AM
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