Tuesday February 18, 2020

Euro zone economic confidence likely to hit 17 month high

Economic confidence in the euro area probably rose in August to the highest level in 17 months, adding to signs that the currency bloc’s recovery from a record-long recession is picking up pace.

26th August, 2013
Gathering momentum in the economy since it returned to growth in the second quarter has boosted European stocks.

Economic confidence in the euro area probably rose in August to the highest level in 17 months, adding to signs that the currency bloc’s recovery from a record-long recession is picking up pace.

An index of sentiment rose to 93.8 from 92.5 in the previous month, according to the median of 26 economists’ estimates in a Bloomberg News survey. The European Commission said on August 23 that consumer sentiment in the 17-nation euro zone...

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