Gross fixed capital formation in the euro area increased 1.3 percent at the end of last year -- that’s the second-best quarterly reading since early 2011. “This shows that amidst all the gloom and doom emanating from falling confidence indicators in the eurozone, it is easy to forget that the hard data has so far not been all that bad,” said Teunis Brosens, an economist at ING Bank in Amsterdam.

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