Euro-Area Economic Confidence Increases for Ninth Month
This article is for subscribers only.
Euro-area economic confidence increased for a ninth month in January, led by the services industry, adding to evidence that the 18-nation currency bloc’s recovery is gaining traction.
An index of executive and consumer sentiment rose to 100.9 from a revised 100.4 in December, the European Commission in Brussels said today. That’s the highest reading since July 2011, though it missed the median estimate of 101 in a Bloomberg News survey of 34 economists.