Eurozone confidence falls for the third consecutive month
AFPBRUSSELS -- Eurozone consumer and business confidence fell in June for the third month running, official data showed on Thursday, but sentiment remained stable across the wider European Union.
June 29, 2012, 4:35 pm TWN
The European Commission's confidence index for the 17-nation eurozone lost 0.6 points to 89.9 points, a statement said, while the figure for the 27-member EU was stable at 90.4 points.
The eurozone figure was undermined in particular by a 2.2-point decline in a sub-index that measures sentiment in the predominant services sector, while the industrial sector also posted a drop of 1.3 points.
Better results were seen in the retail sector, where the confidence sub-index gained 3.2 points and construction, which was up by 2.1 points.