Business and consumer confidence in the eurozone fell in February to the lowest level since 2016

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The aggregate index of business and consumer confidence in the eurozone in February pointed to a deterioration in confidence in the region for the 10th month in a row and was the lowest since November 2016. According to the European Commission, the index value in February fell to 106.1 points from 106.3 points in January. The main negative factors affecting the dynamics of the indicator were the problems associated with the rules introduced last year for testing cars, weakening demand for export goods, as well as the upcoming Brexit, protest movements in France and the expected increase in debt burden in Italy. Economic sentiment in the countries of the European Union also deteriorated significantly due to the uncertainty surrounding the exit of the UK from the EU.

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