Details of the August 2015 Eurozone economic sentiment index data report 28 August 2015

  • Prior 104.0
  • Business climate 0.21 vs 0.34 exp. Prior 0.39. Revised to 0.41
  • Industrial sentiment -3.7 vs -3.1 exp. Prior -2.9
  • Services sent 10.2 vs 8.7 exp. Prior 8.9
  • Consumer confidence final -6.9 vs -6.9 exp. Prior -7.1. Revised to -7.2

Crane your necks up to watch the euro soar on the increase in sentiment in the Eurozone. 1.1294 trades from 1.1290.

The headline is up but the details tell the real story. The biggest negative of the data, and the big worry for the ECB, will be the inflation expectations which have dropped to 3.1 from 4.2 in July. That's number one on the ECB mandate

Economic sentiment details

Eurozone economic sentiment