Eurozone confidence thumps forecasts despite stagnant unemployment

Eurozone consumer confidence has come in very strong in August, with the main indicator at a healthier -16 from -17.4 (-16.5 expected).

That's despite a flat unemployment rate posted for the same month.

Economic sentiment too looked decidedly better, rising from 92.5 to 95.2 (93.0 expected). Business climate is up to -0.2 from -0.53 (-0.35 expected).