The economic sentiment index in the euro zone, which measures the confidence of corporate sectors and consumers fell to 103.5 in August, 104.5 in July, according to data published today by the European Commission, the executive arm of the European Union. Analysts polled by The Wall Street Journal predicted lower fall indicator, 104.1. The August result is the lowest since March, but remains above the average of 100,0 of the series started in 1990.
Only the confidence of the bloc’s consumers fell to -8.5 in August, -7.9 in July, coming in line with the projection of the market, while confidence in the industrial sector decreased to -4.4, -2.6, also as expected. In addition, there was a decline in the confidence indicator in the services sector, +11.2 in July to +10.0 in August
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But the climate index of companies in the bloc fell to +0.02 in August, from +0.38 in July.
the fall in economic sentiment in the euro zone came despite the positive performance of the UK index, which rose from 102.6 in July to 104.0 in August, although it is still well below the levels seen in the months preceding the referendum of June 23 when the British electorate voted for leaving the country (the so-called “Brexit”) of the European Union. Source: Dow Jones Newswires
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