Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
The flash consumer confidence index for Eurozone dropped to -15.5 from -14.7 in July. The reading was the lowest since April when the score was -16.6. Economists had expected the index to fall modestly to -14.9.
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by Jyotsna V
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