Euro-Area Consumer Confidence Rises to Highest in 7 Months
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Euro-area consumer confidence increased to the highest in seven months in February amid signs the economy may be gaining strength after slipping into a recession last year.
An index of household confidence in the currency bloc rose to minus 23.6 from minus 23.9 in January, the European Commission in Brussels said in an initial estimate today. It was the third straight gain after sentiment reached a 3 1/2-year low in November. Economists had forecast a December reading of minus 23.2, according to the median of 24 estimates in a Bloomberg News survey.