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Euro-Area Economic Confidence Soars to Nearly Two-Decade High

  • Index rose to 116 in December, forecast was for 114.8
  • 2017 economic growth set to have been strongest in a decade
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Confidence in the euro area continued its advance at the end of 2017, capping what was probably the strongest year for the economy in a decade.

The European Commission’s measure of sentiment touched its highest since late 2000 in December. The reading of 116 was above the median forecast of 114.8 in a Bloomberg survey and was based on an improvement in the outlook for industry and services.