Euro area confidence returning
Slide in sentiment over the past year may be bottoming out
Economic confidence in the euro area declined less than economists expected thanks to a solid service sector, suggesting the trade war-induced slide in sentiment over the past year may be bottoming out.
The European Commission’s index - which assesses the mood of households and businesses - dropped to 106.1 in February from a revised 106.3 the month before. That’s the eighth consecutive monthly drop, though the pace slowed after sharp declines around the turn of...
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