Eurozone Confidence Jumps More than Forecasted in September

Economic confidence in the euro area increased more than economists forecast in September, adding to signs the single-currency bloc’s recovery is gaining momentum.

An index of executive and consumer sentiment rose for a fifth month to 96.9 from a revised 95.3 in August, the European Commission in Brussels said today. That beat the median estimate of 96 in a Bloomberg survey of 26 economists.

Signs of resurgence in the euro-area economy since it returned to growth in the second quarter after an 18-month contraction have boosted equities, with the Stoxx Europe 600 Index up more than 4 percent in the last two months. Yet Europe continues to struggle with the legacy of the debt crisis now in its fourth year, including falling industrial production and a jobless rate at a record 12.1 percent.

via Businessweek

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.