MW: Euro-zone economic sentiment hits new low in March
Economic sentiment in the 16-nation euro-zone fell to a new record low in March, led down by deteriorating sentiment in the industry and services sectors, the European Commission reported Monday. The commission's monthly Economic Sentiment Indicator fell to 64.6 in March from 65.3 in February, marking the lowest level since the survey began in 1985. The sentiment gauge for the industry sector fell to -38 from -36 in February, while the services gauge dropped one point to -25. Consumer sentiment also fell a point to -34, while the retail-trade gauge rose one point to -18 and the construction indicator was steady at -32.
