RTTN:Eurozone Economic Confidence Falls Unexpectedly In September
(RTTNews) - Eurozone economic confidence deteriorated to 85 in September from 86.1 in August, survey data from European Commission showed Thursday. The reading was forecast to remain unchanged at 86.1.
Industrial confidence came in at -16.1, down from -15.4 a month ago. Likewise, services confidence dropped to -12 from -10.8 last month.
Driven by worsened expectations about the general economic situation, their households' financial situation and their savings, consumer sentiment fell by 1.3 points to -25.9 in September.
Retailers' sentiment weakened to -18.6 from -17.2. Confidence in construction, meanwhile, improved to -31.9 from -33.1.
Business confidence declined to -1.34 in September from -1.18 in August. The expected reading was -1.2. The decline was driven by a more negative assessment of production expectations, order books and past production.
