Economics
Euro-Area Confidence Improves Amid Optimism on Vaccine Rollout
- Commission sentiment gauge rises to 93.4 vs. estimate of 92.1
- Optimism improved among manufacturers, services, and consumers
Pedestrians pass along Rue de Rennes in Paris on Feb. 24.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Economic confidence in the euro area improved in February, as consumers and businesses grew more optimistic that vaccine rollouts will spark a recovery this year.
A European Commission sentiment index increased to 93.4, the highest level in almost a year. Gauges for industry, services, and consumer sentiment all improved, though confidence in the retail and financial services sectors declined.