Euro-Area Confidence at Four-Year High as ECB Mulls Stimulus
- Economic confidence at 106.1, consumer sentiment at -5.9
- ECB to announce monetary policy decision at Dec. 3 meeting
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Euro-area economic confidence matched its highest level in more than four years as the European Central Bank prepares to make a decision on whether to increase stimulus.
An index of executive and consumer confidence stood at 106.1 in November, the European Commission in Brussels said Friday, and October’s reading was revised to the same level from an initial 105.9. The figures are the strongest since May 2011. Economists in a Bloomberg survey predicted the gauge would stay unchanged at 105.9.