European business confidence down

07-01-2005, 07:45 AM

#1 (permalink)

mkpdavies

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Location: Woking

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European business confidence down

http://www.washtimes.com/upi-breakin...5609-5119r.htm

Quote:

But, perhaps even a stronger indicator of a worsening economy for Europe is the decline of eurozone economic sentiment, which fell 0.8 points in December. The euro area, alone worsened by 0.6 points, after a previous 0.5 point drop in November.

"I don't think the sentiment is uniform across Europe, it depends quite a bit which country you look at," said Baily. "I think the reason you are getting the overall weakness, is because Germany the biggest economy looks pretty weak."

The EU looks pretty weak, man the lifeboats!

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