Euro-Area Economic Confidence Unexpectedly Rises
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Euro-area economic confidence unexpectedly increased in July, led by industry and construction, even as price growth remained anemic and geopolitical tensions threatened to undermine the currency bloc’s recovery.
An index of executive and consumer sentiment rose to 102.2 from a revised 102.1 in June, the European Commission in Brussels said today. The median forecast in a Bloomberg News survey of 27 economists was for a drop to 101.9.