By William L. Watts
FRANKFURT (MarketWatch) -- The European Commission on Monday said its July economic sentiment indicator for the 17-nation euro zone fell to 87.9 from 89.9 in June. Economists surveyed by Dow Jones Newswires had forecast a reading of 88.9. The consumer confidence index fell to -21.5 in July from -19.8, while the industry sentiment index dropped to -15.0 from -12.8, the commission said. Services sentiment dropped to -8.5 from -7.4, while the retail index fell to -15.0 from -14.4 and the construction index declined to -28.4 from -28.1.
