Bert Colijn, senior economist at ING, notes that the Eurozone’s Economic Sentiment Indicator declined from 103.3 to 102.7 in July. Key Quotes “Worries about the eurozone economy persist in the third quarter, with economic sentiment continuing to decline in July. While consumer confidence improved, businesses shared a view of deteriorating sentiment across sectors.” “For the service sector, this is especially worrying, as it’s defied the manufacturing downturn quite successfully up to now. Still, the underlying indicators provide some reason for cautious optimism as the decline was mainly due to a deterioration in expectations of future demand.” “The industrial picture is more troubling. Order books continue to deteriorate, causing businesses to be more pessimistic about future production.” “Eurozone GDP data for 2Q will be released tomorrow and a slowdown from 1Q is widely expected. With alarming July survey data, the question is whether 3Q can come in much better.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY drops to 108.50 area on Trump’s latest tweets on trade FX Street 4 years Bert Colijn, senior economist at ING, notes that the Eurozone's Economic Sentiment Indicator declined from 103.3 to 102.7 in July. Key Quotes "Worries about the eurozone economy persist in the third quarter, with economic sentiment continuing to decline in July. While consumer confidence improved, businesses shared a view of deteriorating sentiment across sectors." "For the service sector, this is especially worrying, as it's defied the manufacturing downturn quite successfully up to now. Still, the underlying indicators provide some reason for cautious optimism as the decline was mainly due to a deterioration in expectations of future demand." "The industrial picture is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
