Euro zone economic confidence rises, retail sales edge up

Economic confidence in the euro zone increased more than economists expected in December even as the 17-nation currency bloc remained mired in its second recession in four years.

8th January, 2013
Economic confidence in the euro zone increased in December

Economic confidence in the euro zone increased more than economists expected in December even as the 17-nation currency bloc remained mired in its second recession in four years.

An index of executive and consumer sentiment rose to 87 from 85.7 in November, the European Commission said. Economists had forecast an increase to 86.3.

A gauge of sentiment among European manufacturers improved to minus 14.4 from minus 15 in November, today's report showed.

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