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Euro-Area Confidence Falls as Spain Price Drop Fuels ECB Woes

From businessweek.com

Euro-area economic confidence fell more than forecast, Spanish consumer prices dropped the most in five years and German unemployment unexpectedly rose in a burst of data backing Mario Draghi’s warning that more stimulus may be needed. An index of executive and consumer sentiment fell to 100.6 this month from 102.1 in July, the European Commission in Brussels said today. That’s the lowest this year and missed the median estimate in a Bloomberg survey for 101.5. Separately, Spanish consumer prices fell 0.5 percent. While the decline was less than forecast, it’s still the biggest since 2009. With investors’ price ... (full story)

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