European Economic Sentiment Jumps; Employment Expectations Climb to Record-High

Source: Eurostat

Economic sentiment in both the eurozone and the European Union rebounded in February, while employment expectations climbed to historic highs in February. EZU is up 1.70%, while VGK is up 1.31%.

• The Economic Sentiment Indicator in the eurozone jumped 1.2 points to 112.8 from 111.6, while the indicator for the European Union grew 1.3 points to 114.0.
• Both territories recorded a pickup in sentiment during the month, after three straight months of decreases.
• The growth was driven mainly to better confidence in services, retail trade, and constriction, and the unchanged confidence in industry.
• The biggest jumps were recorded in Spain, France, Germany, and Italy while declines were recorded in the Netherlands and Poland.
• The Employment Expectations Indicator for the EU gained 2.4 points to 115.8, carving a fresh record high.
• The index for the eurozone grew 2.6 points to 116.2 to hit the highest level in over two decades since May 2000.