Euro zone buoyed by eco­nomic op­ti­mism

The National - News - Business - - Inside Track -

Euro zone eco­nomic sen­ti­ment jumped more than ex­pected this month to its high­est level in al­most 10 years, buoyed by more op­ti­mism across all sec­tors of the econ­omy, data from the Euro­pean Com­mis­sion showed yes­ter­day. The sen­ti­ment in­di­ca­tor rose to 111.1 this month from 109.2 in May, against mar­ket ex­pec­ta­tions of a rise to 109.5 in a Reuters poll of econ­o­mists. This was the high­est value of the in­di­ca­tor since Au­gust 2007 when it was 111.8.

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