Euro area economic sentiment rises to the highest since 2007

Euro area economic sentiment rises to the highest since 2007

Euro area economic sentiment rose to the highest level in nearly 10 years in April, data from the European Commission showed Thursday.

The index of executive and consumer sentiment climbed to 109.6 this month, the highest record since August 2007, from a revised of 108 a month earlier, coming above forecasts of 108.2.

The improvement in the index reflects the progress among all sectors and ease in political risks after the first round of French elections.

While the ECB is not predicted to make any change in either interest rates or stimulus later in the day, policymakers may revise up their forward guidance in June.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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