Industrial and service sectors in the eurozone have boosted economic confidence to rise

On August 29th, Jinshi Data reported that due to the improvement in industry and service industries, economic confidence in the euro zone rose slightly for the second consecutive month. The released data shows that the economic prosperity index of the euro zone 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 euro zone'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 shrank unexpectedly between April and June. In addition to the temporary boost brought by the Paris Olympics, a global business survey by Standard & Poor's shows that potential activities in the private sector are under pressure. However, it is expected that monetary policy will provide some help, and inflation will rebound after unexpectedly rising in July. It is expected that the European Central Bank will cut the deposit interest rate by 25 basis points to 3.5% again in September.