Suddenly, Businesses In Europe Are Starting To Feel Better About Everything
Sentiment about the region's economy improved across all of the region's largest economies except Spain, where it saw a modest decline. The improvement was driven by a more positive outlook for the retail trade, services and especially construction. The survey covers executives in all types of industries.
The more modest increase in the EU sentiment index was driven by a sharp fall in sentiment for the UK, which fell by -2.1.
Elsewhere the Business Climate Indicator (BCI) for the euro area remained virtually unchanged, with managers' optimism over the prospects for export order books offset by a cautious view on stocks of finished products and past production.
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