Economics
Euro-Area Consumer Confidence Unexpectedly Fell in July
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Euro-area consumer confidence unexpectedly fell in July as political uncertainty in the Middle East and Ukraine threatened to derail the region’s feeble economic recovery.
An index of household confidence in the 18-nation euro zone decreased to minus 8.4 from minus 7.5 in June, the European Commission in Brussels said in a preliminary report today. That fell short of the median forecast of minus 7.5 in a Bloomberg News survey of 21 economists.