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Euro-Area Economic Confidence Slips to Lowest Since 2016

  • Industrial and consumer confidence both fall in April
  • German economic confidence hits lowest level in three years
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Photographer: David Hecker/Getty Images

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Economic confidence in the euro area dropped for a 10th month in April to the lowest in more than two years, indicating the region may struggle to pick up from its recent slump.

The European Commission’s monthly survey showed an industrial morass is increasingly entrenched as companies continue to struggle with the global slowdown and homegrown difficulties, notably the upheaval in Germany’s car industry.