Economics
Euro-Area Economic Confidence Falls to Lowest in 13 Months
- Indicator falls to 103.0 in March from 103.9 in February
- Survey conducted before March 22 attacks in Brussels
Stadtlandschaft an der Oberbaumbrücke Beleuchtete Türme: Stadthaus und Rotes Rathaus, Fernsehturm. (r.) Universal Music # Skyline at 'Oberbaumbrücke'
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Euro-area economic confidence fell to the lowest level in more than a year just as the European Central Bank deployed fresh stimulus to spur growth and quash the threat of deflation.
An index of executive and consumer confidence slumped for a third month, declining to 103.0 in March from a revised 103.9 the previous month, the European Commission in Brussels said on Wednesday. That’s the weakest since February 2015 and compares with a median estimate for a reading of 103.8 in a Bloomberg survey of economists.