Eurozone: Economic sentiment drops for ninth month in a row – ING

Bert Colijn, senior economist at ING, points out that the Eurozone’s economic sentiment among businesses took a hit in March as both the service sector and industry confidence fell.

Key Quotes

“The decline was faster than in February, indicating the economic slowdown hasn't yet started to reverse.”

“Recent demand and expectations about future demand in the service sector both weakened, which was also the case for manufacturing where new orders dropped further into negative territory.”

“With just a few days left in Q1, let’s see where we stand on Eurozone growth. The bounce back that was expected for Q4 didn’t happen in Q1 either. Growth concerns remain, as one-off negative factors aren't causing swift recoveries so far and big global themes continue to cause uncertainty.”