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Euro-Area Economic Confidence Rises for Fifth Straight Month

  • Sentiment gauge rose to 91.1 in September vs estimate of 89
  • ECB seen adding stimulus amid uncertain economic outlook
Bloomberg business news
Euro to Rise; ECB `Many, Many Months' Behind Fed, BNP Paribas Says
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Economic confidence in the euro area improved for a fifth month, albeit at a slower pace as resurgent virus infections cast uncertainty over the outlook.

A European Commission sentiment index rose more than expected in September, sending the euro to the highest level in nearly a week. Yet confidence remains more than 30% below its pre-crisis level and evidence is building that the steep rebound following the end of lockdowns has started to level off.