Euro zone economic confidence increased to 101.8 in August from the revised 101.1 which was 101.3, beating estimates of 101.6. Consumer confidence inched up to -11 compared with both prior and estimated readings of -12. Industrial confidence remained at -4, in line with both previous and predicted readings. Services confidence ticked up to 7 relative to the preceding and analysts' forecasts of 6.
Moreover, business climate indicator slipped in August to 0.61, lower than estimates of 0.70 and July's reading which was revised down to 0.63 from 0.66.