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May 24, 2017

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Eurozone confidence falls for the third consecutive month

BRUSSELS -- 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.

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.

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