Economic sentiment in the euro zone deteriorated more than expected in August. The Economic Sentiment Indicator (ESI) fell by 1.2 points to 93.3 points compared to the previous month, as the European Commission announced on Wednesday in Brussels. It is the lowest level since November 2020 and the fourth straight weakening. Analysts had expected an average drop to 93.5 points.
Sentiment deteriorated in industry, the service sector, among consumers, in retail and in the construction sector. In the large member states of Germany, France and Italy, the economic mood clouded over. In Spain, on the other hand, it improved. (dpa)