Euro zone economic confidence growing

29/07/10 17:57 CET

europa

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This month, In the eurozone, confidence in the economic outlook has risen to its highest level in more than two years.

An index of executive and consumer sentiment in the 16 countries that use the euro rose to 101.3 from 99 in June. That is the highest since March 2008 and it comes despite the Greece-led budget crisis.

Germany’s confidence indicator made the biggest gain with four points. France is in second place with a 2.6 increase. Poland and Italy are at at 1.9 and 1.7 respectively. Spain’s figures soared by 2.2 per cent.

Economic morale is the latest in a string of indicators showing the eurozone continuing to recover from the worst economic crisis in decades – despite sovereign debt market turbulence and continuing uncertainty about the financial health of some banks.

More about: Economy, Euro, Eurozone

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