Eurozone: Economic sentiment edges down in August
August 30, 2016
Economic sentiment in the Eurozone fell in August, according to the European Commission (EC). The economic sentiment index (ESI) decreased from 104.5 in July to 103.5. The result undershot the 104.1 reading that market analysts had expected.
Looking at the sectors of the economy, economic sentiment fell across the board. In the manufacturing sector, sentiment declined to an eighteen-month low while it fell to an over-one-year low in retail trade.
At a country level, sentiment deteriorated in nine countries including Germany, the largest economy in the Eurozone. In addition, sentiment fell in major players Italy and Spain. However, an increase was recorded in France along with Greece and Slovenia.