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Eurozone economic sentiment dips for eighth straight month in August

Published 08/30/2018, 01:57 PM
© Reuters.  Eurozone economic sentiment dips for eighth straight month in August
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  • Eurozone economic sentiment eased to 111.6 in August, from 112.1 in July pulled down by less optimism in industry and services.
  • Business climate indicator fell to 1.22 in August from 1.30 in July, following a similar downward path from a peak of 1.63 in January.
  • The easing of sentiment in August came with a decline of the indicator for industry, to 5.5 from 5.8, although production expectations rebounded after a July decline.
  • Sentiment in services, which generate more than two thirds of euro zone gross domestic product, dipped to 14.7 from 15.3 in July, with worsening demand expectations.
  • Consumer inflation expectations over the next 12 months rose to 18.2, close to the long-term average of 18.6. Selling price expectations in industry increased to 10.3 from 9.6 in July.
  • Source: Investing.com
  • ETFs: EWG, DAX, GF, DXGE, HEWG, DBGR, EWGS, FGM, QDEU, FLGR
  • Now read: Italy: 'Everything Is Awesome, Everything Is Cool'? Only In The Lego Movie


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