Gold Ten Data News on August 29th, due to the improvement of industry and service industry, the economic confidence in the euro zone has slightly increased for the second consecutive month. The data released shows that the euro zone's economic sentiment index in August rose from 96 last month to 96.6 this month, higher than the market's general expectations. Although there are signs that the economic expansion of the eurozone's 20 countries seems to be weakening, the above data has been released. The main reason for the weakening of economic growth is Germany, the largest economy in the region, whose output unexpectedly shrank between April and June. In addition to the temporary boost brought by the Paris Olympics, a global commercial survey by Standard & Poor's shows that potential activities in the private sector are under pressure. However, monetary policy is expected to provide some help, and inflation will recover after unexpectedly rising in July. It is expected that the European Central Bank will once again reduce the deposit interest rate by 25 basis points to 3.5% in September.
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La promoción de la confianza económica en la zona euro en los sectores industriales y de servicios ha aumentado ligeramente.
Gold Ten Data News on August 29th, due to the improvement of industry and service industry, the economic confidence in the euro zone has slightly increased for the second consecutive month. The data released shows that the euro zone's economic sentiment index in August rose from 96 last month to 96.6 this month, higher than the market's general expectations. Although there are signs that the economic expansion of the eurozone's 20 countries seems to be weakening, the above data has been released. The main reason for the weakening of economic growth is Germany, the largest economy in the region, whose output unexpectedly shrank between April and June. In addition to the temporary boost brought by the Paris Olympics, a global commercial survey by Standard & Poor's shows that potential activities in the private sector are under pressure. However, monetary policy is expected to provide some help, and inflation will recover after unexpectedly rising in July. It is expected that the European Central Bank will once again reduce the deposit interest rate by 25 basis points to 3.5% in September.