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Sentiment in the euro zone fell in January due to lockdown measures



Economic sentiment in the euro area declined in January as sentiment in the services and retail sector and among consumers continued to be undermined by lockdown measures to combat Covid-19 disease, although sentiment improved in the industry.


Monthly data from the European Commission revealed that economic sentiment in the 19 euro-zone countries fell to 91.5 points this month, compared to 92.4 in December.


Economists polled by Reuters expected sentiment to fall to 89.5 in January, with an expected decline in the services sector, which was among the sectors hardest hit by the closures and lockdown measures.


Experts had expected confidence to remain unchanged in the manufacturing sector, but slightly increased to -5.9 in January compared to -6.8 in December.


Sentiment in the services sector, which accounts for two-thirds of the eurozone's gross domestic product, fell to -17.8 from -17.1 in December, just below economists' expectations.


Consumer sentiment fell to -15.5 compared to -13.8 last month, while in the retail sector it fell to -18.9 from -12.9.

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