Eurozone economic confidence points to faster growth ahead

Chris Papadopoullos
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CONFIDENCE in the Eurozone economy was stable this month, according to official figures released today.

An index of business and consumer confidence published by the European Commission stood at 103.8, the same as in April.

Economists Claus Vistesen from Pantheon Macroeconomics believes the figures point to economic growth of 0.5 per cent over the three months ending June.

If Vistesen is correct, it will mark a fifth consecutive month of accelerating growth in currency block. It grew by 0.4 per cent in the first three months of the year.

Of the big four Eurozone economies, Spain led in consumer confidence with a score of 110.4 followed by Italy with 105.7.

German confidence crept up to 105 from 104.5 but France remained at the bottom of the pile with a score of 98.5. However, it did see an improvement on last month’s 97.8.

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