Data showed on Thursday that eurozone economic sentiment rose more than expected in February, supported by more economic optimism, which boosted inflation expectations.
The EU Commission‘s monthly sentiment survey showed that economic optimism in the zone rose to 93.4 points this month from 91.5 in January, beating expectations.
Industrial sentiment improved to -3.3 in February from -6.1 point, against expectations of -5.0. Services, the largest sector of the Eurozone, improved to -17.1 from -17.7 against expectations of -18.1.
Moreover, optimism among consumers rose to -14.8 from -15.5, offsetting a slight dip in retail sentiment to 19.1 from -18.5.
The more optimistic forecasts also translated into stronger selling price expectations among manufacturers, which rose to 9.7 points from 4.8, and among consumers to 15.7 from 15.4.