Eurozone economic sentiment deteriorates in April

(Sharecast News) - Eurozone economic sentiment deteriorated in April, according to a survey released on Tuesday by the European Commission. The EC's economic sentiment indicator fell by 1.4 points in both the European Union and the eurozone, to 94.4 and 93.6, respectively. Economists were expecting a reading of 94.5 for the eurozone.

Meanwhile, the employment expectations indicator declined 0.7 points for the EU to 96.9 and was unchanged for the euro area at 96.5.

Carsten Brzeski, global head of macro at ING, said: "All in all, today's economic sentiment indicator is another illustration of how the last four weeks of tariff tensions and uncertainty have entirely wiped out the tentative return of optimism in the eurozone.

"Unless there are major changes in US trade policy, sentiment as well as economic activity in the eurozone will remain subdued over the coming months."