Euro-Area Economic Confidence Soars to Nearly Two-Decade High
- Index rose to 116 in December, forecast was for 114.8
- 2017 economic growth set to have been strongest in a decade
This article is for subscribers only.
Confidence in the euro area continued its advance at the end of 2017, capping what was probably the strongest year for the economy in a decade.
The European Commission’s measure of sentiment touched its highest since late 2000 in December. The reading of 116 was above the median forecast of 114.8 in a Bloomberg survey and was based on an improvement in the outlook for industry and services.