Tags: europe | consumer | confidence | sentiment

Euro-Area October Economic Confidence Rises More Than Forecast

Wednesday, 30 Oct 2013 07:15 AM

A new survey points to an increase in confidence in the eurozone's nascent economic recovery.

The European Union's statistics office on Wednesday said economic sentiment in the 17-nation eurozone rose for the sixth time in a row in October.

Eurostat says the Economic Sentiment Indicator increased by 0.9 points to 97.8 for the eurozone and by 1.1 points to 101.8 for the EU's 28 nations.

The eurozone's economy grew by 0.3 percent in the second quarter compared with the previous three-month period, bringing it out of recession. The uptick followed six straight quarterly declines that have pushed unemployment above 12 percent.

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Economic confidence in the euro-area rose more than economists forecast in October, adding to signs the single-currency bloc's recovery is gaining momentum.
europe,consumer,confidence,sentiment
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2013-15-30
Wednesday, 30 Oct 2013 07:15 AM
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