2018.08.2310:36:00UTC+00Eurozone Consumer Confidence Lowest In Over A Year

Eurozone consumer confidence weakened sharply in August to its lowest level in more than a year, preliminary data from the European Commission showed Thursday.

The flash consumer confidence indicator dropped to -1.9 from -0.5 in July, which was revised from -0.6. Economists had forecast a score of -0.7.

The latest reading was the lowest since May 2017, when the score was -3.3.

The consumer confidence index for the EU fell 1.1 points to -1.8 in August. The final figure will be released along with the economic sentiment data on August 30.