Eurozone Confidence Improves for First Time in 10 Months
Economic confidence of the 17-nation Eurozone edged higher in January for the first time in 10 months.
The latest confidence index released by the European Commission, also known as the Economic Sentiment Indicator rose slightly to 93.4 points from 92.8 points in December.
Economists had forecast an increase to 93.8 points from December's original score of 93.3.
The statement said, the improvement was backed by Germany and Spain while the surge in confidence was largely confined to the services sector.
Experts however say, that the fact remains that sentiment is still at a low level and the Eurozone is far from out of the "economic woods."
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