Eurozone industrial confidence index rose to -5.3 in August, reaching the highest level since April 2023

⑴ The Eurozone's Industrial Confidence Index for August rose from -6.1 in July to -5.3, reaching its highest level since April 2023 and nearing the market expectation of -5.2. Business managers reported strengthened production expectations and a decline in finished goods inventory levels, though these were partly offset by more negative assessments of current order books.⑵ Among questions not included in the confidence indicators, managers' assessments of past production declined after a significant increase in July, while views on export order books worsened.