European economic mood brightens on growth hopes, survey shows

By DPA,

Berlin : The economic mood continues to brighten in Europe with a key sentiment survey released Friday rising more than expected this month.

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The European Commission said its closely watched economic sentiment indicator for the 16-member eurozone climbed for the fifth consecutive month in August.

The commission said its indicator rose from a 76 in July to 80.6 this month as the economic mood continues to lift across eurozone industry. Analysts had forecast that the indicator would edge up to 78.4.

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