Friday, March 30, 2007

Forex News: 30.03.2007 Economic sentiment unexpectedly rose in the euro area in March

Economic sentiment index in the euro area unexpectedly rose to 111.2 points in March from 109.7 points. The analysts expected that the index would decrease to 109.4 points.

The economic sentiment index in March reflects growing confidence of companies in current economic situation. The firms increase investment spending and hiring. This, in its turn, bolsters consumer confidence.

In manufacturing sector economic sentiment rose to 6 points, compared with 5 points in the preceding month. In services sector economic sentiment increased to 22 points from 20.


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