Economic sentiment has improved in the eurozone and the EU in the second month of 2020, the European Commission announced on Thursday.

In February, the Economic Sentiment Indicator (ESI) rose 0.5 point to reach 103.0 in the EU and increased 0.9 point to reach 103.5 in the eurozone, according to a press release issued by the commission.

“The improvement of euro-area sentiment resulted from higher confidence among consumers and, to a lesser extent, industry managers, while sentiment in services, retail trade and construction remained virtually unchanged,” the commission said.

Amongst the largest euro-area economies, the ESI soared in Netherlands

Read more: Europe: Economic sentiment rises in February