Eurozone investor confidence improved in August but less than expected suggesting that the economy is undergoing a downturn, results of a closely-watched survey showed Monday.
The investor confidence index rose to -25.2 in August from -26.4 in July. Nonetheless, the reading was below economists' forecast of -24.7.
Despite the increase, a recession in the currency bloc is still very likely, Sentix said. Both the situation index and the expectations indicator continue to paint a gloomy picture of the economic environment.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.