Euro-Area Consumer Confidence Rose for 11th Month in October
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Euro-area consumer confidence increased for an eleventh month in October, adding to signs that the 17-nation currency bloc’s economic recovery is gaining momentum.
An index of household confidence in the euro zone rose to minus 14.5, the highest level since July 2011, from minus 14.9 in September, the European Commission in Brussels said in a preliminary report today. That’s in line with the median forecast in a Bloomberg News survey of 28 economists.