Euro zone sentiment, inflation expectations dip in April

Euro zone economic sentiment deteriorated slightly in April defying market expectations of further improvement, while inflation expectations among consumer and companies alike continued to fall, European Commission data showed on Tuesday. The monthly Commission survey showed that economic sentiment in the 18 countries sharing the euro eased to 102.0 in April from 102.5 in March, mainly because of a dip in confidence in the construction sector and in services. "The slight decrease in sentiment was mainly due to a worsening of confidence in services and construction, which are the two sectors where confidence still scores below its long-term average," the Commission said. Consumer inflation expectations 12 months ahead fell to 7.5 points in April from 10.8 in March, continuing a steady decline since last October.



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