Eurozone economic sentiment slips in March

Economic sentiment in the Eurozone fell for the third month in a row in March, according to data from the European Commission.

The EC’s economic sentiment index slipped to 103.0 points from 103.9 in February and 105.0 in January. Economists had expected a reading of 103.8.

Meanwhile, the business climate indicator nudged up to 0.11 from 0.09 the previous month, beating expectations for a reading of 0.08.

“As consumer confidence remains at its lowest level since December 2014, many observers will conclude that Mario Draghi’s latest pack of stimulus measures is yet to do the trick,” said Dennis de Jong, managing director at UFX.com.

“Following the Brussels terror attack and the increasing threat of a Brexit, there’s much uncertainty in the Eurozone and it could be some time before confidence emerges out of negative territory.”