# Eurozone economic confidence at lowest since 2016 | The National

> The European Commission's monthly survey showed eurozone economic confidence fell for a 10th straight month in April to its lowest since September 2016. Industrial confidence weakened and German confidence reached a three-year low, reflecting pressure from the car industry. The ECB has already extended its stimulus and hopes for a turnaround later in 2019.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/59796-eurozone-economic-confidence-at-lowest-since-2016-the-national
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistent euro-area weakness raises the likelihood of a weaker euro, which tends to support US export competitiveness and pressures dollar-priced feed commodities.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-08-31 | [Euro hits two-year low amid trade concerns \| The National](https://feedsoft.ai/events/57799-euro-hits-two-year-low-amid-trade-concerns-the-national.md) | +0.6% | -0.8% |
| EURUSD | 2022-04-27 | [U.S., European shares advance as euro dives to lowest since 2017](https://feedsoft.ai/events/7378-u-s-european-shares-advance-as-euro-dives-to-lowest-since-2017.md) | -1.2% | +0.8% |
| EURUSD | 2018-09-26 | [Euro likely to stay weak against dollar until mid-2019 \| The National](https://feedsoft.ai/events/63252-euro-likely-to-stay-weak-against-dollar-until-mid-2019-the-national.md) | -1.8% | -3.2% |
| EURUSD | 2024-04-26 | [The euro and depreciation – shake, shake it off \| Oxford Economics](https://feedsoft.ai/events/30945-the-euro-and-depreciation-shake-shake-it-off-oxford-economics.md) | -0.1% | +1.0% |
| EURUSD | 2018-08-27 | [Eurozone: Eyes on economic indicators to gauge the ECB's mood - ING - Forex Crunch](https://feedsoft.ai/events/63738-eurozone-eyes-on-economic-indicators-to-gauge-the-ecb-s-mood-ing-forex-crunch.md) | -0.2% | +1.3% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/economy/eurozone-economic-confidence-at-lowest-since-2016-1.855072

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.