Romania Aug Econ Sentiment Improves On Retail Comeback

Romania’s economic sentiment index rose 1.4 points to 76.4 points in August, helped by improving confidence in retail trade, a widely watched European Commission monthly survey showed Monday.

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In its latest business and consumer survey, the Commission said confidence in the Romanian retail trade was up three points to minus 13 in August, after a four points decline a month earlier.

Confidence in construction also gained three points to minus 40 points, while industry confidence was flat at minus 9 points.

Consumer confidence rose to minus 59 points, from minus 62 a month earlier, while confidence in services was down one point to minus 10.

In the EU, economic sentiment increased 0.6 points to 102.7, after a nearly 2 points surge in July, the Commission said.

The eurozone economic sentiment indicator was up 0.7 points to 101.8 in August.

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