Eurozone economic sentiment fell more than expected in August, data showed on Tuesday, on a drop in optimism in industry and services despite better mood among consumers, retail and construction. .
The European Commission’s monthly economic sentiment index fell to 97.6 points in August from 98.9 in July, more than the drop to 98.0 predicted by economists polled by Reuters.
The drop was the most pronounced in the industry, with the index falling from 3.4 points in July to 1.2 points; and in services, where it dropped from 10.4 in July to 8.7 points.
Meanwhile, the consumer index improved to -24.9 from -27.0 in July, and went from -7.1 to -6.3 in retail trade.
Inflation expectations in the manufacturing sector also fell to 43.7 from 45.3 in July, continuing a steady downward trend since peaking at 59.3 in April.
Consumers also see less inflationary pressures over the next 12 months, with the index falling from 42.7 in July to 36.8 in August, well below the all-time high of 62.8 in March.
Source: CNN Brasil
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