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Eurozone investor confidence plunges in August

The Investor Confidence Index for the euro area dropped further in August, reaching a negative 25.2, compared to a negative 26.4 in July, according to a report by Sentix. The figure fell below expectations of a negative 24.7.

Meanwhile, the current situation index measured a negative 16.3 in August, up from a negative 16.5 in July. The expectations index remained at its lowest since December 2008 at a negative 33.8. The report noted the economic situation in the Eurozone "remains difficult" while recession "is still very likely."

Baha Breaking News (BBN) / DJ