Eurozone economic confidence drops for sixth straight month
Contraction in industry and retail drove decline
Euro-area economic confidence slowed for a sixth month as the region struggles under the weight of higher interest rates, still elevated inflation and geopolitical tensions.
A sentiment gauge published by the European Commission inched down to 93.3 in October, from a revised 93.4 a month earlier. Economists had predicted a more significant drop.
The decline was driven by the sub-indicator for industry and retail trade, while services saw an uptick.
The euro region is facing ...