Eurozone consumer confidence drops to -1.9 vs. -0.7 expected

"In August 2018, the DG ECFIN flash estimate of the consumer confidence indicator decreased markedly in both the euro area (−1.4 points to −1.9) and the EU (−1.1 points to −1.8) compared to July," the European Commission reported on Thursday.

"In July, the Economic Sentiment Indicator (ESI) remained virtually unchanged in the euro area (−0.2 points to 112.1) and the EU (+0.1 points to 112.3). All in all, developments were similarly flat over the last four months, with both indicators booking a minor decrease since March (−0.7 points in the euro area and −0.4 points in the EU)," the publication read.