Business sentiment inched down 0.1 points to 95.6 in August, from 95.7 a month earlier, the Commission said in its latest business and consumer survey.

Consumer confidence fell 1.8 points to minus 36.1 at the end of August, while confidence in the retail trade sector dropped 3.5 points to 4.5, the data showed. However, confidence in the Romanian industry increased 0.8 points to minus 3.2, while construction confidence rose 1.2 points.

The services sector registered a slight increase in confidence to 3 points in August, from 2.9 points a month earlier.

In the EU, the economic sentiment indicator increased for the fourth straight month to 98.1 points in August, the highest level in two years.

Business sentiment in the euro area rose 2.7 points to 95.2, driven by improved confidence among consumers and managers in industry, services and retail trade.