Economic confidence in the Central and Eastern Europe (CEE) worsened slightly in August, data from a survey by the Center for European Economic Research (ZEW) and the Erste Group Bank showed Friday.
The headline economic sentiment indicator, a measure of experts' expectations of the region's economy, decreased modestly by 1.7 point from the previous month to -9.3 points in August. Meanwhile, the relevant index for the Eurozone moved up 1.3 point to -4.8 points in during the month.
The indicator that measures the current economic situation in the CEE region increased by 5.7 points to 3 points in August, marking the first gain after four consecutive decreases. The corresponding index for the Eurozone increased by 8.4 points to -59.6 points, indicating a notable improvement in experts' perception of the current economic situation in the single-currency bloc, data showed.
The CEE region observed in the survey comprise Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and since October 2010 Turkey.
by RTT Staff Writer
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