European July Economic Confidence Falls More Than Forecast
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European confidence in the economic outlook weakened more than economists forecast in July as a worsening debt crisis clouded growth prospects across the 17-nation euro area.
An index of executive and consumer sentiment in the single-currency region fell to 103.2 from a revised 105.4 in June, the European Commission in Brussels said today. That’s the lowest since August 2010. Economists had forecast a drop to 104, the median of 24 estimates in a Bloomberg survey showed.