Eurozone economic sentiment improves
8/30/2010

(MENAFN) A survey conducted by the European Commission found that the euro zone economic sentiment has improved by more than expected in August and inflation expectations were muted, AP reported. The monthly survey's results showed that sentiment in the 16-country currency area inched up to 101.8 points from July's downwardly revised 101.1, the fifth improvement from a bottom of 64.6 in March 2009. The euro zone's economy grew 1 percent in the second quarter of 2010, but economists fear growth may falter because of austerity measures ordered by some governments to ward off a sovereign debt crisis and falling demand for foreign goods in China and the US. According to the survey, morale in the industrial sector remained unchanged at minus 4 and increased in services to 7 from 6. It was flat in the retail and construction sectors.