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).
Eurozone more confident, but inflation lower and unemployment still stubbornly high #eur #ecbratecutconundrum
— Mike van Dulken (@Accendo_Mike) August 30, 2013