India, April 29 -- Euro area economic confidence weakened more than expected to a four-month low in April largely due to the trade tariff threats, survey data from the European Commission showed on Tuesday.
The economic sentiment index declined to 93.6 in April from 95.0 in the previous month. The score was forecast to fall to 94.5.
Sentiment eroded across all sectors in April. Among the big-four economies, morale deteriorated notably in Italy, while it improved slightly in Germany and Spain. At the same time, the indicator remained broadly stable in France.
The industrial sentiment index dropped moderately to -11.2 in April from -10.7 in March. Likewise, the services confidence index slid to 1.4 from 2.2.
Consumer confidence deteriorat...