Economics

Euro-Area Confidence Was Improving Before Coronavirus Hit Italy

  • Sentiment gauge rose to 103.5 in February from 102.6
  • Mood in industry, services and among consumers picked up

A passenger in a protective face mask wheels luggage at Charles de Gaulle airport.

Photographer: Anita Pouchard Serra/Bloomberg
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Euro-area economic confidence unexpectedly increased this month, indicating the bloc was gaining momentum before Italy took a blow from the spread of the coronavirus.