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Euro-Region Consumer Confidence Improves for Third Month

Euro-area consumer confidence, which is part of a broader economic-sentiment indicator, improved for a third straight month in March as the economy showed signs of regaining strength.

An index of household sentiment in the 17-nation euro area rose to minus 19 from minus 20.3 in February, the Brussels-based European Commission said in an initial estimate today. That’s the highest since August. Economists had forecast a gain to minus 19.8, the median of 31 estimates in a Bloomberg survey showed. The commission will publish its report on euro-region economic confidence on March 29.

To contact the reporter on this story: Simone Meier in Zurich at smeier@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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