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Eurozone Economic Confidence Reaches 21-Year High

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Eurozone economic confidence reached a 21-year high in June, largely driven by the improvement in the services sector after the easing of lockdown restrictions, survey results from the European Commission showed on Tuesday.

The economic confidence index rose more-than-expected to 117.9 in June from 114.5 in the previous month. The expected level was 116.5.

The industrial confidence index increased for the seventh month in a row to a new all-time high of 12.7 in June from 11.5 a month ago. The reading was also above economists' forecast of 12.3.

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