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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.

Pedestrians pass along Rue de Rennes in Paris on Feb. 24.

Photographer: Benjamin Girette/Bloomberg
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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.