Economics

Slide in Euro-Area Economic Confidence Poses Risk to Growth

  • Index falls for eighth month to lowest level in a year
  • Decline led by consumers, as well as services and industry
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Euro-area economic confidence continued its slide in August as risks from trade tensions to politics weigh on momentum.

The European Commission’s index of household and business sentiment fell for an eighth month to the lowest in a year. Unemployment concerns led to a deteriorating mood among consumers, while confidence also weakened among services providers and manufacturers. Optimism declined in all of the region’s four largest economies.