Economics
Euro-Area Economic Confidence Extends Slide Into Third Month
- UBS survey shows more firms expect investment cuts from Brexit
- Strong growth propelled sentiment to 17-year high last year
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Euro-area economic confidence continued its slide in March as the region showed signs of more moderate growth.
Optimism slipped in the region’s five biggest economies, taking the overall index to its lowest in six months. It’s a third straight drop from a 17-year high reached in December, and comes as a separate survey by UBS Group AG shows more companies expect to pare back investment as a result of Brexit.