Saturday, October 25, 2014   

Euro zone business sentiment brightens
(01-09 18:23)

Euro zone business and consumer confidence in December increased to levels last seen in July 2011 as the economy recovers from recession, official data show.
The European Commission said its Economic Sentiment Indicator for the euro zone improved by 1.6 points to 100, with the wider 28-nation European Union up 1.4 points to 103.5.
“Sentiment in the euro area is thus back to its long-term average for the first time since July 2011,'' the commission said in a statement.
The “marked improvement'' covered a broad range, from the consumer to services, retail, construction and to a lesser extent, industry, it said.
Spain showed the biggest gain at 4 points, followed by Italy on 2.3 and the Netherlands 1.5.
Germany and France, the euro zone's top two economies, both edged up 0.3 points.--AFP

   
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