Euro-Area Economic Confidence Drops More Than Forecast

Economic confidence in the euro region declined more than economists had forecast in April, as the region’s slump showed signs of deepening.

An index of executive and consumer sentiment in the 17-nation euro area fell to 92.8 from a revised 94.5 in March, the European Commission in Brussels said today. Economists had forecast a drop to 94.2 from a previously reported 94.4, the median of 29 estimates in a Bloomberg News survey showed.