• Prior -10.9
  • Business climate indicator 0.04 vs 0.17 exp.. Prior 0.17 revised to 0.17
  • Economic confidence 100.7 vs 101.2 exp. Prior 100.8 revised to 100.7
  • Industrial conf -5.2 vs -4.0 exp. Prior -4.3
  • Services conf 5.6 vs 4.6 exp. Prior 4.4

Once low confidence becomes entrenched it’s very hard to get out of the rut.

EUR/USD down to 1.1770 even with the better retail numbers

Eurozone confidence indexes 08 01 2015

Eurozone confidence indexes 08 01 2015