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Economic Sentiment Slips In August

EUROZONE DATA

Economic Sentiment Indicator (ESI): 117.5; Prev (Jul): 119.0

Consumer: -6.3(Jul: -5.6); Industry: +13.7 (Jul: +14.5); Services: +16.8 (Jul: +18.9); Retail: +4.4 (Jul: +4.6); Construction: +5.5 (Jul +4.0)

  • The EZ ESI fell 1.5pt to 117.5 in line with expectations
  • The index fell from July's highest level since records began in 1985, which was also then a sixth consecutive gain.
  • August decline was broad-based, although the construction sector held up well.
  • Confidence in the construction sector rose1.5pt in August, recovring from July's three-month low..
  • The employment expectations rose to 112.6 in August from July's downwardly revised 111.6. The index is now at the highest level since the Dec 2017 all-time high.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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