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The euro area economic confidence index, an aggregate of consumer and business confidence, rose from 112.3 in June to 112.1 in July, at least by almost one year. year, above the historical average, the European Commission said Monday. The result is in line with the expectations of Wall Street Journal badysts.
Only consumer confidence remained stable at -0.6 in July, as predicted by economists. Industry confidence went from 6.9 in June to 5.8 in July, compared to 6.7 for expectations, but the service sector's confidence went from 14.4 in June to 15, 3 in July.
the deterioration of confidence could be related to fears about future trade relations between the euro area and the United States. But the numbers as a whole show that growth is not expected to slow much in the coming months.
The research was completed before the meeting between US President Donald Trump and the European Commission, Jean-Claude Juncker, in July 25, when progress was announced in the trade dialogue to eliminate tariffs and subsidies. The news could well support a lead in the region's confidence in the August investigation. Source: Dow Jones Newswires
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