Eurozone economic confidence improves to two-year high: data
AFPBRUSSELS--After months in the doldrums, eurozone economic confidence hit a two-year high in Sept., matching other recent signs of improvement, official data said on Friday.
September 28, 2013, 12:05 am TWN
The strong increase “resulted from markedly improved confidence across all business sectors, whereby improvements in construction and retail trade were particularly pronounced,” the European Commission said.
The Commission, the EU's executive arm, said its September Economic Sentiment Indicator rose 1.6 points to 96.9 in the 17-nation eurozone and by 2.4 points to 100.4 in the full 28-member European Union.
The sharp increase in the EU brought the indicator above the long-term average of 100 for the first time since July 2011.
Economic sentiment improved in three of the five biggest euro area economies, whose fragile performance has been a source of concern — namely Spain (up 2.5 points), Italy (also up 2.5 points) and France (up 1.6).