EUR

Economic sentiment index developed its decline for the eight months in a row according to February’s data. Industrial managers are less optimistic towards orders and growth expectations.

The decline in sentiment reached 106,1 according to the European Commission. January’s reading was 106,3. Economists expected the indicator to decline to 106,0.

There is a significant economic misbalance in Italy. Current government makes the situation even worse and there is threat to other Eurozone countries.

CAD

Yearly inflation indicator in Canada has reached 1,4%. December’s growth was 2,0%. This decline is explained by the decline in electro energy spending. Economists expected the inflation to grow to 1,5%. The Bank of Canada has an opportunity to avoid interest rates hike in the nearest future.