The European
Commission (EC) announced on Thursday its flash estimate showed the consumer
confidence indicator for the Eurozone dropped by 0.4 percentage point to -13.4
in August from an unrevised -13.0 in the previous month. This was the first decrease
in the index this year.
Economists had expected
the index to rise to -12.6 early this month.
Considering the
European Union (EU) as a whole, the consumer sentiment indicator slipped by 0.1 percentage point to -12.3 in August.
Given this month’s declines, both indicators remained below
their long-term averages.