The Magazine for Asian Investors
According to the European Commission (EC), economic sentiment in the eurozone deteriorated more than expected in August, due to a decline in confidence in industry and services. Although consumer sentiment improved in the retail and construction sectors.
The Eurozone Economic Sentiment Index, a combined measure of business and consumer confidence, fell to 97.6 in August from 98.9 in July. This is the lowest level since February 2021.