The European Commission (EC) reported on Monday its flash estimate showed the consumer confidence indicator for the Eurozone fell by 0.9 points to -5.3 in August from an unrevised -4.4 in the previous month. This was the lowest reading since April.

Economists had expected the index to decrease to -5.0.

Considering the European Union (EU) as a whole, consumer sentiment also deteriorated by 0.7 points to -6.3.

Despite this month’s declines, both indicators remained above or close to their pre-pandemic levels.