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MNI: EUROZONE DATA: Flash Consumer Confidence (Aug...>

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MNI: EUROZONE DATA: Flash Consumer Confidence (Aug 2019) Review
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- Flash Consumer Confidence Indicator (CCI): -7.1; Prev (Jul): -6.6 
- Consumer sentiment in the Eurozone came in slightly weaker than markets
expected...
-...falling by 0.5 points to -7.1, a two-month low 
- After rising throughout Q1, the index has moved sideways in Q2 and the
beginning of Q3 
- The CCI confirms the downbeat picture painted by other surveys (PMIs, ZEW)...
-...with the recent EZ's Composite PMI revealing the lowest level in sentiment
since May 2013 
- Nevertheless, confidence remains well above its long-term -10.7 average 
- Looking ahead, unresolved uncertainties and the global economic slowdown
continue to weigh on activity and sentiment...
-...which keeps consumers cautious

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