empty
 
 

2010.08.3006:14:00UTC+00Eurozone August Economic Confidence Rises More Than Expected

Eurozone economic confidence rose in August to 101.8 from 101.1 in July, a monthly survey from the European Commission showed Monday. The economic sentiment index remained above its long-term average and expected reading of 101.6.

Consumer confidence improved to minus 11 in August from minus 14 last month. Confidence in services rose to 7 from prior month's level of 6. Retailers confidence remained unchanged at minus 4.

Sentiment in industry also remained unchanged at negative 4 in August, in line with expectations. The majority of respondents in this sector reported sizeable improvements in their order books. However, managers were cautious regarding their production expectations.

The business confidence index in August unexpectedly fell to 0.61 from a revised reading of 0.63 in July. Consensus forecast was 0.70.

Copyright(c) 2010 News.com, Inc. All Rights Reserved

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback