Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

European economic confidence improves

BRUSSELS, Jun 29 – European business and consumer confidence firmed in June for the third month running albeit from depressed levels, according to an EU survey on Monday.

The European Commssion\’s economic sentiment indicator for the 16-nation eurozone rose to 73.3 points in June from 70.2 points, climbing further away from a record low 64.6 points reached in March.

Meanwhile, in the 27-nation European Union the indicator rose to 71.1 points from 67.9.

"The increase observed at sector and country level is mainly driven by improving expectations, as the main economic actors seem to be gaining confidence that the crisis is easing," the commission said in the report.

"In a consistent development, employment expectations picked up in industry and services and consumers\’ unemployment expectations decreased," it added.

The improvement was driven by higher consumer and service sector confidence in particular, and to a lesser degree industry as well.

Most EU countries saw improvements with Germany, France and Britain showing strong gains among the bigger states.

Meanwhile, the commission\’s separate business climate indicator also improved, rising to a negative 2.97 points in June from a negative 3.11 points.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...