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Euro-Area October Economic Confidence Rise Beats Forecast

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

An index of executive and consumer sentiment increased for a sixth month to 97.8 from 96.9 in September, the European Commission in Brussels said today. That exceeded the median estimate of 97.2 in a Bloomberg News survey of 31 economists.