Economic news

Euro zone economic confidence rises

Euro area economic sentiment leaped above expectations in August due to more optimism in the manufacturing industry and service sectors and among end-users, according to the European Commission's data.

Economic sentiment increased to 111.9, up from a revised 111.3 in July, while economists in a Reuters poll had expected a 111.3 reading.

The Commission’s business climate index rose to 1.09 in August from a revised 1.04 in July.

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