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Eurozone confidence rises again

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Eurozone confidence rises again

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Confidence among executives and the public alike in the 16-nation eurozone has risen to its highest in 14 months.

It beat the combined forecasts from 27 analysts, and suggests the economy is gathering strength after its worst recession since the WWII. However recovery remains threatened by rising unemployment and a stronger euro. The manufacturing and services sector also expanded for the fourth month in a row in November.