• Monday, August 15, 2022

Business

Euro zone Economic Sentiment Falls for Eight Consecutive Month in August

By: Radhakrishna N S

Poor optimism in industry and services has pulled down Eurozone economic sentiment for an eighth consecutive month in August, stated a monthly survey by European Commission on Thursday (30). According to the figures released, the Economic Sentiment Indicator (ESI) decreased slightly in the 19 member countries euro area by 0.5 points to 111.6 from 112.1 recorded in July, while it remained stable in the European Union at 112.3 in August. “The decrease in the euro-area sentiment indicator resulted from a marked deterioration of confidence among consumers and a milder decrease in the services sector, which were only partly offset by…

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