Eurozone Business Confidence Holds Up in Face of Fresh Tariffs

The resilience of business confidence will come as a relief to the ECB which has expressed concerns over the threat of greater protectionism

Paul Hannon

Updated June 28, 2018 6:00 a.m. ET

Businesses across the eurozone remained upbeat about their prospects in June, even as new tariffs were imposed on trade between the European Union and the U.S., with fears that more will follow.

The European Commission Thursday said its measures of confidence among manufacturers and service providers were unchanged from May, while a drop in consumer sentiment led to a decline in its Economic Sentiment Indicator—an aggregate measure of consumer and business confidence—to 112.3 from 112.5 in May.

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