Euro-Area Economic Confidence Declines for a Second Month
- Softer number follows weaker PMI, Ifo readings last week
- Inflation in the region forecast to slow in February
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Euro-area economic confidence slipped in February, the latest number to show momentum in in the region is taking a breather after the best year in a decade.
The European Commission’s index of sentiment fell to 114.1 from 114.9, broadly in line with expectations. That’s the second consecutive monthly decline after the index touched a 17-year high in December. The business climate measure also declined, falling to the lowest since October.