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Euro-Area Confidence Increases as Recovery Takes Hold

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Economic confidence in the euro area increased more than economists forecast in September, adding to signs the single-currency bloc’s recovery is gaining momentum.

An index of executive and consumer sentiment rose for a fifth month to 96.9 from a revised 95.3 in August, the European Commission in Brussels said today. That beat the median estimate of 96 in a Bloomberg survey of 26 economists.