Eurozone April final consumer confidence -14.7 vs -14.7 prelim

Economic confidence 95.6 vs 96.7 expectedPrior 96.3Industrial confidence -10.5 vs -8.5 expectedPrior -8.8Services confidence 6.0 vs 6.5 expectedPrior 6.3

Economic sentiment in the euro area deteriorated to start Q2 but at least the PMI data from last week shows some glimmer of hope. We’ll see how that translates to the hard data in the months ahead. But for now, the ECB is still very much on track for a June rate cut.

This article was written by Justin Low at www.forexlive.com.