Euro-Area Consumer Confidence Rises to Highest Since 2007
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Euro-area consumer confidence increased more than economists forecast in May, as inflation held at less than half the European Central Bank’s target.
An index of household confidence in the euro zone rose to minus 7.1, the highest since October 2007, from minus 8.6 in April, the European Commission in Brussels said in a preliminary report today. That beat the median forecast of minus 8.3 in a Bloomberg News survey of 23 economists.