Analytics, Economics, EU – Baltic States

This is the highest indicator since July 2011, when the index registered 104 points.

The European Commission indicates that the improvement in the euro area sentiment was fuelled by brightening confidence among consumers, and managers in retail trade, services, construction and, particularly, industry.

Euro area confidence among consumers grew to -3.7 points, as compared with -6.7 points in the previous month. Thus, euro area confidence among consumers in March reached its highest level since July 2007.

Source: http://ec.europa.eu

Confidence in industry increased to -2.9 points, as compared with -4.6 points in February.

Meanwhile, confidence in retail trade reached its highest level since February 2011, accounting to -0.7 points.

At the same time, euro area confidence in services grew to six points, as compared with 5.3 points in the previous month.

Meanwhile, ESI in the European Union increased to 106.1 points, as compared with 105.2 points in February.

In Latvia, ESI grew to 103.6 points, as compared with 101.9 points in February.

Meanwhile, ESI in Estonia reduced from 97.5 points to 96.4 points, while in Lithuania it increased from 102.7 points to 104.9 points.