Euro zone economic confidence unexpectedly fell in June, according to survey data released by the European Commission on Thursday, suggesting the economy remains weak.
The economic confidence index came in at 95.9 in June, down from 96.1 in May. The index is expected to edge up to 96.2.
The scores reflect broadly stable sentiment among industries, consumers and service providers, while construction and retail confidence deteriorated from May.
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The Industrial Confidence Index unexpectedly fell to -10.1 in June from -9.9 in May. The score had been expected to rise to -9.6.
The services sector business confidence index came in at 6.5 in June, down from 6.8 in the previous month and down from an expected reading of 6.4.
The consumer confidence index was -14.0, up from -14.3 in the previous month, the score was in line with the preliminary reading.
Retail trade sentiment deteriorated to -7.8 from -6.8 in May. Similarly, construction confidence also fell to -7.0 from -6.2 in the previous month.
The survey showed that the economic uncertainty index weakened further in June, with the corresponding index falling to 18.0 in June from 18.5 in May.
The Employment Expectations Index fell to 99.7 from 101.3 in May, reflecting larger declines in hiring plans in retail, construction and services.
Lily Millard, economist at Capital Economics, said the economic sentiment survey was in line with weak euro zone GDP growth and suggested price pressures continued to ease in manufacturing but remained strong in the services sector.
