Economics
Euro-Area Economic Confidence Declined on Eve of Brexit Vote
- Index falls to 104.4 as gauges for services, retailing worsen
- Fallout from U.K. vote may weigh on sentiment in coming months
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Euro-area economic confidence weakened in June in anticipation of a U.K. referendum that unexpectedly saw Britons choosing to leave the European Union.
An index of business and consumer sentiment fell to 104.4 from a revised 104.6 in May, the European Commission in Brussels said on Wednesday. Data were collected before the British vote on June 23. Economists surveyed by Bloomberg predicted the gauge would remain unchanged.