• Economic confidence 94.5 vs 95.0 expected
  • Prior 95.3
  • Industrial confidence -9.4 vs -7.5 expected
  • Prior -7.2; revised to -7.3
  • Services confidence 5.7 vs 5.4 expected
  • Prior 5.7; revised to 5.9

Euro area economic confidence fell slightly in July and that reflects the added pessimism from the bleak PMI readings we saw earlier this week (yes, it was only on Monday but felt like a long time ago).