In the Eurozone, the economic confidence index decreased to 105 in April and was below expectations.

Economic confidence in the Euro Zone declined in April when the Russia-Ukraine war continued. The economic confidence index in the region dropped to 105 in April. Thus, the lowest level of a year was recorded in the index.

The expectation of economists participating in the Bloomberg survey was for the index to be 108. The March index value, which was previously announced as 108.5, was revised to 106.7.

The Eurozone manufacturing PMI final reading also aligned with the previous reading. Accordingly, the index was recorded as 55.5, indicating growth. PMIs in the region’s two largest economies, Germany and France, were above the threshold value of 50.