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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on January 28, 2010, 01:05:23 am

Title: Euro-zone Services Confidence
Post by: pranjali on January 28, 2010, 01:05:23 am

A gauge of business sentiment in the services sector. The figure is derived from a survey asking firms in the service sector about current and expected demand. Since the service sector accounts for roughly two thirds of total Euro-zone GDP, Services Confidence provides an important confirmation of the health for the overall economy. High levels of Services Confidence suggest future upward trends for production and employment.
The figure is determined by the difference between positive and negative answers. Therefore a headline above zero indicates positive service sector confidence, while a negative number shows negative confidence

Source of Report: http://www.fxwords.com/c/confidence-and-sentiment-indicators-euro-zone.html (http://www.fxwords.com/c/confidence-and-sentiment-indicators-euro-zone.html)