this eurozone economic confidence It deteriorated significantly in August, when the economic sentiment indicator prepared by the European Commission fell to 97.6 points from 99 in July, thus recording its worst reading since February 2021. worsening in all major euro economies except Spain.
In the European Union as a whole, economic confidence Remained at 96.5 points in Augustits worst result since January 2021, compared to 97.5 compared to the previous month.
The worsening of the European confidence indicator in August, significant weakening of confidence in industry and, to a lesser extent, servicespartially offset by signs of temporary stability among retail, construction and consumers.
The Netherlands recorded the biggest collapse
Economic confidence indicator falls among largest EU economies Holland (-4.8) and recorded significant decreases Germany (-2.5), France and Poland (both -1.8), and Italy (-1.2), while Spain moved away from the trend with an increase of 0.8 points.
Special, The indicator for Spain remained at 97.9 in August compared to 97.1 in July. This development reflects advances in consumer confidence, retail trade and construction.
Spanish industry confidence gauge dropped to -5.4 points in August from -4.8 in July, the worst result since February last year, while services sector data dropped to 14.5′ from the lowest 15.1 integer since December. e declined. 2021.