Eurozone economic confidence softens in Aug

Economic confidence in the 13 countries pulled back in August to 110.0 in the single currency bloc from 111.0 in July, roughly in line with economists' exepectations.

The outlook was largely stable in the broader 27-member European Union, where
the indicator slipped only marginally to 113.2 points in August from 113.3 in
July, the EU's executive arm said.
Among Europe's biggest economies, confidence deteriorated sharply in Poland and
Italy and to a lesser extent in regional powerhouse Germany while there was no
data for France. By sector, consumer confidence was broadly lower across
Europe, while in the eurozone the construction industry also weakened.
A separate eurozone business climate indicator from the European Commission
showed a slight improvement, rising to 1.41 points in August from 1.35 points
in July.