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Eurozone Consumer Confidence Weakens For Second Month

Euro area consumer confidence weakened for a second straight month in August, preliminary data from the European Commission showed Monday.

The consumer confidence index dropped to -5.3 from -4.4 in July. Economists had forecast a score of -5.0. In June, the reading was -3.3.

The confidence index for the EU shed 0.7 points to reach -6.3 in August.

The survey data was collected from August 1 to 22.

Final figures are set to released along with the results of the monthly economic sentiment survey on August 30.

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