The Economic Sentiment
Indicator (ESI), a composite indicator measuring confidence in
five different economic sectors, decreased in August in both the
eurozone and the European Union (EU), the European Commission's
Directorate General for Economic and Financial Affairs (DG
ECFIN) said Tuesday.
The ESI decreased in the 19-country euro area by 1 point to
103.5 and in the EU-28 by 0.9 points to 103.8, DG ECFIN said.
Italy showed the second largest decrease in ESI among
leading eurozone countries after the Netherlands, with a fall of
2.1 points.
Confidence in all economic sectors except construction fell
in August, as did consumer confidence.
The Business Climate Indicator for the eurozone also fell
in August to 0.02 from a downwardly revised 0.38 in July.
This is the lowest figure since October 2013 as managers'
assessments of past production, overall orders and exports
orders deteriorated markedly.
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