Bert Colijn, senior economist at ING, notes that the Eurozone’s economic sentiment indicator declined marginally from 106.3 to 106.1, as its economy is not out of its slow growth rut just yet. Key Quotes “Wrapping up the Eurozone surveys for the month, the conclusion to be drawn is that consumers and the service sector are doing better, but the manufacturing sector continues to provide a reason for concern. This was broadly reflected in the Eurozone Sentiment Indicator (ESI), as consumer, retail and services confidence improved. Industrial confidence came in weaker as order books and production expectations decreased in February.” “The ECB governing council has been debating whether the slowdown is temporary or of a more permanent nature. While February’s surveys do justify some optimism about a cautious bounce back, the manufacturing sector problems and downside risks like Brexit and higher tariffs for the auto sector could still develop into something serious.” “The governing council is therefore unlikely to have a unanimous verdict on the temporary versus permanent matter at the March meeting.” 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 EUR/CHF Technical Analysis: Sharp intraday slide from 2-week tops pauses near 200-hour SMA FX Street 4 years Bert Colijn, senior economist at ING, notes that the Eurozone's economic sentiment indicator declined marginally from 106.3 to 106.1, as its economy is not out of its slow growth rut just yet. Key Quotes "Wrapping up the Eurozone surveys for the month, the conclusion to be drawn is that consumers and the service sector are doing better, but the manufacturing sector continues to provide a reason for concern. This was broadly reflected in the Eurozone Sentiment Indicator (ESI), as consumer, retail and services confidence improved. Industrial confidence came in weaker as order books and production expectations decreased in February." "The… 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.
