Economics
European Confidence Rises to Highest Since March 2008
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European confidence in the economic outlook improved to the highest in more than two years in August after surging exports helped the economy expand at the fastest pace in four years in the second quarter.
An index of executive and consumer sentiment in the 16 euro nations rose to 101.8 from a revised 101.1 in July, the European Commission in Brussels said in an e-mailed statement today. That’s the highest since March 2008 and exceeded economists’ forecast for an increase to 101.6, based on the median of 28 estimates in a Bloomberg News survey.