Economics
Euro-Area Economic Confidence Climbs More Than Expected in May
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Economic confidence in the 18-nation euro area increased more than forecast in May, as the European Central Bank considers taking action next month to avert the risk of deflation and spur growth.
An index of executive and consumer sentiment rose to 102.7 from 102 in April, the European Commission in Brussels said today. That beat the median estimate of 102.2 in a Bloomberg News survey of 29 economists.