29th August 2014

Economic Sentiment in eurozone drops in August

Economic Sentiment Indicator values for the eurozone for August 2014 show a slight drop compared to previous levels. The overall indicator dropped by 1.5 points to 100.6 points. The detailed data show deterioration in expectations in all but one sectors. The indicator decreased in industry, services, retail trade, construction as well as among consumers. A slight increase was recorded only in financial services.

The developments for the whole EU are comparable to those of the eurozone. However, due to a more modest decrease in Poland and in the UK, the overall drop was only by 1.2 points to 104.6 points. The increase in financial services was more robust.

These numbers reflect worsened macroeconomic indicators of the last months in key eurozone economies.

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Members of the American Chamber of Commerce in the Czech Republic