European Business Confidence Rises in February

Economic and business confidence in the 17 countries using the euro improved for the fourth straight month in February, the European Commission said on Wednesday, as factories saw their order books filling up.

Economic sentiment in the euro zone rose by a better-than-expected 1.6 points to 91.1, continuing a recovery started in November last year, the Commission said.

Economists polled by Reuters had expected a reading of 89.8.

The Commission also said business morale increased by 0.36 points to -0.73, reaching a level last seen in May 2012.

The European Central Bank’s unprecedented decision last year to buy the bonds of governments who ask for help calmed the euro zone crisis dramatically, removing the risk for businesses of a break-up of the currency bloc.

via CNBC

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