The economic health of the Euro zone appears to be improving as September saw a sharp rise in consumer optimism
Its the 6th straight increase of the economic sentiment indicator and points to the likely return of growth in the Euro zone in the third quarter. The service sector is also upbeat adding to the general feeling that things are definitely on the up. The only blot on the landscape is the retail sector which expects a pick up as the season changes. Industry is also feeling more confident. Germany emerged from its deepest post-war recession in the second quarter, expanding by 0.3 and the economy is continuing its upward trend.