Economics
Euro-Area Consumer Confidence Unexpectedly Fell in September
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Euro-area consumer confidence unexpectedly declined in September, adding to signs the single-currency bloc is sliding into a recession.
An index of household sentiment in the 17-nation euro area dropped to minus 25.9, the lowest since May 2009, from minus 24.6 in August, the European Commission in Brussels said in an initial estimate today. Economists had forecast an improvement to minus 24, the median of 32 estimates in a Bloomberg survey showed.