Business and consumer confidence in the euro area declined in July

In July 2018, the consolidated business and consumer confidence index in the euro area economy fell to the lowest since August 2017, to the value of 112.1 points from 112.3 points in June, the European Commission reported. Analysts had predicted an even greater decline - up to 112 points. In the euro area, the drop in the index has been observed for 7 months in a row on the back of continuing trade disputes. The indicator of consumer confidence in July kept the minimum value for 8 months at minus 0.6 points. The business climate index fell to 1.29 points from 1.38 points, while analysts had predicted 1.35 points. The confidence index among industrial enterprises dropped to 5.8 points from 6.9 points. At the same time, in the service sector, the confidence index rose to a maximum of 15.3 points in March from 14.4 points in the previous month.

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