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European Economic Sentiment Indicator down in August
Italy showed second-largest decrease in eurozone
30 August, 12:13
(ANSA) - BRUSSELS - 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.
(ANSA).
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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.
(ANSA).
