Economic sentiment across the Eurozone took a downturn in June, according to the latest data from the European Commission. The comprehensive index, which evaluates economic development, dropped to 95.9 points from 96.1 in May. Economists had anticipated a rise to 96.3 points.
In the broader European Union, the index decreased to 96.4 points from 96.6. Among major EU economies, Spain showed a significant improvement (+1.1), while the Netherlands saw a moderate rise (+0.5). Conversely, France and Italy both experienced declines of 0.7 points, and Germany and Poland remained relatively stable with slight drops of 0.2 and 0.1 points, respectively.
Industrial confidence in the Eurozone fell to -10.1 points from -9.9, missing the expected improvement to -9.7. Consumer confidence slightly improved to -14.0 points from -14.3, aligning with initial reports and economist predictions.