RTTNews - Eurozone economic sentiment rose for the fifth consecutive month in August after reaching the trough in March, the latest survey by the European Commission revealed Friday.
The economic sentiment indicator stood at 80.6 in August, up from 76 in July and better than the expected reading of 78.
The consumer confidence index rose to minus 22 from July's minus 23 and the industrial confidence indicator climbed to minus 26 from minus 30.
The confidence gauge for the services sector improved to minus 11 in August from minus 18 in July, while that for the retail sector slightly dropped to minus 14 from minus 13. In the construction sector, sentiment rose to minus 32 from minus 33.
A separate survey from the Commission showed that the business climate indicator for the euro area stood at minus 2.21, better than a revised reading of minus 2.70 recorded in July. It came higher than the expected reading of minus 2.50.
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