Economics
Recovery in Euro-Area Confidence Ebbs Even Before New Lockdowns
- Commission sentiment gauge holds at 90.9 vs. est. drop to 89.6
- Mood particularly gloomy in services and among consumers
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The recovery in euro-area economic confidence came to a halt in October, before a resurgence of the pandemic forced tough new restrictions that are now threatening to pitch the region back into recession.
A European Commission sentiment index held at 90.9 following five months of improvement. It reflects a weaker assessment in services and among consumers, and continued optimism in industry, retail and construction.