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Eurozone sees signs of life in new data

Businesses and consumers across the eurozone became slightly more upbeat about their economic prospects this month. The European Commission said its Economic Sentiment Indicator – a measure of consumer and business confidence – rose to 100.7 in October from 99.9 in September. Economists had expected a decline to 99.7. The pickup in confidence follows surveys of purchasing managers released last week that recorded a slight acceleration in business activity in the eurozone. Separate figures released yesterday showed a surprising decline in the number of Germans without work.

 

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