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- Eurozone economic confidence improved to a 11-month high
Eurozone economic confidence improved to a 11-month high
Eurozone economic confidence improved to a 11-month high in November, survey data from the European Commission showed Tuesday, cited by rttnews.
The industrial confidence index dropped unexpectedly to -1.1 November from -0.6 points in October. The reading was forecast to rise to -0.5.
At the same time, the consumer sentiment indicator improved to -6.1, as initially estimated, from -8 in October. The increase in confidence was fueled by significantly brighter expectations regarding the future general economic situation and future unemployment.
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