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Eurozone economic confidence returns to December 2013 levels

The economic confidence index in the Eurozone falls to 100,6 points, losing 1,5 points since July, and falls in the EU to 104,6 points (-1,2 points). This was announced by the European Commission, noting that this drop in August brought the eurozone indicator back to December 2013 levels.

Eurozone economic confidence returns to December 2013 levels

The indicator of consumer confidence within the eurozone is falling again. The confidence index drops to 100,6 points, one and a half points lower than last month. The European Commission, which noted the data, pointed out how this sharp slowdown brings the indicator back to the levels recorded in December 2013. 

The worsening sentiment is the result of deteriorating confidence in the trade, consumer, industry and services sectors. The final figure for the consumer confidence index shows a drop of -1,6 points to -10, characterized by highly pessimistic opinions especially on the problem of unemployment, and more generally on the economic situation.

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