29th March 2014

Growing confidence in eurozone recovery

In March, the economic sentiment inside the eurozone continued to improve. At more than 102 points it remains above the long term average and is way higher than in 2009 when the crisis was at its highest. However, it does still not reach the values of 2007. Quite surprisingly, the highest growth in economic sentiment was measured in the so-called Southern countries - Spain and Italy, which were beaten only by the Netherlands and only narrowly. Germany´s and France´s sentiments stagnated. The growth in overall economic sentiment was driven by consumer confidence, while increase in the service sector was modest and the sentiment in industry stagnated.

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Members of the American Chamber of Commerce in the Czech Republic