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Euro-Area Confidence Surges to its Highest in Two Years: Economy
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Economic confidence in the euro area soared to a two-year high in August as the currency bloc’s recovery gathered pace after it exited a record-long recession.
An index of executive and consumer sentiment rose for a fourth month to 95.2 from 92.5 in July, the European Commission in Brussels said today. The increase exceeded economists’ forecasts for a reading of 93.8. Manufacturing, services, retail and consumer confidence all gained.