Euro-area economic confidence slowed more than anticipated this month, further overshadowing the region’s outlook.
A sentiment gauge published by the European Commission slid to 93.3 from 94.5 in July. That’s the fourth monthly decline and worse than the median forecast in a Bloomberg survey of economists.Third-quarter indicators have been dire so far, with PMIs last week signaling the private-sector activity may be contracting in the euro zone and its top two economies.
Evidence of economic weakness will provide ammunition to any dovish European Central Bank policymakers seeking to argue against a potential interest-rate hike on Sept. 14. Their hawkish counterparts are warning inflation pressures may be too strong to risk a pause in tightening. Spanish consumer price growth quickened in August, data earlier on Wednesday showed. German figures are due this afternoon and an overall report for the euro region will be released on Thursday.©2023 Bloomberg L.P.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock futures steady with consumer confidence data on deck: Stock market news todayStock futures were little changed on Tuesday as investors prepared for a stream of economic data.
Lire la suite »
Stock market today: Wall Street quiet ahead of reports on consumer confidence, job openingsNEW YORK (AP) — Wall Street is quiet ahead of some potentially market-moving jobs data and a survey reflecting consumers’ feelings about the economy. The S&P 500 rose 0.1% and the Dow was essentially unchanged as trading opened Tuesday. At 10 a.
Lire la suite »
U.S. consumer confidence wanes as summer draws to a closeThe Conference Board, a business research group, said its consumer confidence index tumbled to 106.1 in August from a revised 114 in July. Analysts were expecting a reading of 116
Lire la suite »
US consumer confidence wanes as summer draws to a closeAmerican are feeling less confident financially as summer comes to a close as high prices and interest rates weigh on their willingness to spend. The Conference Board, a business research group, said its consumer confidence index tumbled to 106.
Lire la suite »
Gold prices surge higher as U.S. Consumer Confidence falls to 106.1(Kitco News) - Gold prices continued their steep rise on Tuesday morning as U.S. consumer optimism finally hit a wall in August.
Lire la suite »
US consumer confidence drops in August on inflation worriesWASHINGTON (Reuters) - U.S. consumer confidence fell more than expected in August after two straight monthly increases amid renewed concerns about ...
Lire la suite »