Euro-Area Confidence Unexpectedly Slips for a Second Month
- Sentiment gauge drops to 99.3; economist estimate was 100
- Industry reading declined in March, services stayed steady
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Euro-area economic confidence unexpectedly slipped this month as industry lost momentum.
A sentiment gauge published by the European Commission fell to 99.3 from a revised reading of 99.6 in February. That’s the second time in a row that the data have underperformed.