Romanians' trust in the local economy  fell further down in August this year, according to a survey issued on Tuesday by the European Commission. The Economic Sentiment Indicator for Romania reached 92.3 points, from 93.6 points in July. This was also below the European average, of 97.3 points, which has also deteriorated by 5 points.

Romania's lowest in the survey was in September 1992, soon after the fall of the communism, when the indicator was at 71.7 points. The maximum, of 123 points, was achieved in June 1996. In September lats year, the indicator was pointing at 83.3.

Elsewhere in Europe, Germany (-5.7 points) and the UK (-5.6) reported the strongest decreases in sentiment, followed by Poland (-3.6), the Netherlands (-3.0) and, to a lesser extent, Italy (-0.7).

The full official statement from the European Commission here.

editor@romania-insider.com

(photo source: Photoxpress.com)