The European
Commission reported on Wednesday its flash estimate showed the consumer confidence
indicator for the Eurozone decreased 0.5 points to -7.1 in August from the
previous month.
Economists had
expected the index to fall to -7.0.
Considering the
European Union (EU) as a whole, consumer sentiment also dropped 1.1 points to -7.0.
Despite these declines,
both indicators remain on a broadly horizontal trajectory well above their
respective long-term averages of -10.7 (Eurozone) and -10.0 (EU), the report
said.
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