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Economic Sentiment Indicator (Aug.....>

MNI (London)
EUROZONE DATA: Economic Sentiment Indicator (Aug 2019)
- Economic Sentiment Indicator (ESI): 103.1; Prev (Jul): 102.7
- Consumer: -7.1 (Jul: -6.6); Industry: -5.9 (Jul: -7.3); Services: 9.3 (Jul:
10.6); Retail: 0.5 (Jul: -0.7); Construction: 3.7 (Jul: 5.0).
- The ESI gained 0.4 pts, beating market expectations of a marginal decline.
- Industrial sentiment improved by 1.4 pts in August, in contrast to market
expectations for little change.
- In line with the flash result, consumer confidence dropped to -7.1.
- Meanwhile, sentiment deteriorated in the service and construction sector, with
services confidence dipping to 9.3, its lowest since Jun 2015 and construction
falling to a 20-month low.
- The slight pickup of the ESI is in line with the recent PMI figures, showing a
marginal increase in the EZ's composite PMI. However, the EZ's manufacturing PMI
remains in contraction and the Ifo August report paints a downbeat picture for
the month ahead.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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