Sharp slowdown in eurozone confidence

Article reports that fears of a pronounced European economic slowdown strengthened on the 30 August 2011 the European Commission's Economic Sentiment Indicator (ESI), a closely-watched survey, showed eurozone economic confidence tumbling at the fastest rate since late 2008.

European Commission: RAPID: Press Release, IP/11/994: August 2011: Economic sentiment down further in both the EU and the euro area http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/994&format=PDF&aged=0&language=EN&guiLanguage=en

European Commission: RAPID: Press Release, IP/11/995: August 2011: Business Climate Indicator down further in the euro area http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/995&format=PDF&aged=0&language=EN&guiLanguage=en

ESO: Background information: Confidence drains from consumers in eurozone / German business confidence plunges http://www.europeansources.info/record/confidence-drains-from-consumers-in-eurozone-german-business-confidence-plunges/

Deutsche Welle, 30.8.11: European economic sentiment plunges for sixth month http://www.dw-world.de/dw/article/0,,15352587,00.html

---