The economic sentiment indicator (ESI) remained broadly unchanged in February, showing a marginal increase of 0.2 points only in both the eurozone (to 101.2) and the EU (to 105). Deflation is a real risk as selling price expectations have decreased in retail trade and industry. Consumers' price expectations were revised downward. Selling prices rose in services and construction, while confidence among consumers worsened.
The business climate indicator (BCI) for the eurozone, was revised upwards by 0.12 points to +0.37. Managers'…