ECB, Ja­pan, N Africa hit euro zone March sen­ti­ment

The Financial Daily - - ECONOMY & CONTINUATION -

BRUS­SELS: Euro zone eco­nomic sen­ti­ment fell more than ex­pected in March, data showed on Wed­nes­day, and may ease fur­ther on the prospect of a Euro­pean Cen­tral Bank rate rise, the disas­ter in Ja­pan and tur­moil in North Africa.

The Euro­pean Com­mis­sion's monthly sur­vey showed eco­nomic sen­ti­ment in the 17 coun­tries us­ing the euro fell to 107.3 points from a re­vised 107.9 in Fe­bru­ary with de­clines in all com­po­nents ex­cept in­dus­try.

Econ­o­mists polled by Reuters had ex­pected an eas­ing to 107.5 points.

"We be­lieve that eu­phoric busi­ness sen­ti­ment in the euro area will de­te­ri­o­rate some­what in the next few months on the back of the im­mi­nent turn­around in rate pol­icy, un­cer­tainty trig­gered by the disas­ter in Ja­pan and the tur­moil in the Arab coun­tries and mixed sig­nals from the global econ­omy," said Christoph Weil, econ­o­mist at Com­merzbank.

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