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Euro zone economic sentiment rebounds more than expected in Feb

Euro zone economic sentiment rebounds more than expected in Feb
Euro zone economic sentiment rebounds more than expected in Feb Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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BRUSSELS - Euro zone economic sentiment rebounded more than expected in February after a slump at the start of the year, with more optimism in all sectors except among consumers, data showed on Friday.

The European Commission's economic sentiment indicator for the 19 countries sharing the euro rose to 114.0 points this month from 112.7 in January, beating market expectations of a 113.1 reading in a Reuters poll.

The data was collected before Russia's invasion of Ukraine.

Sentiment in the services sector, the biggest part of the euro zone economy, rose the most, to 13.0 from 9.1 in January. The mood in the retail sector also improved to 5.4 from 3.7, while industry sentiment inched up to 14.0 from 13.9.

Only consumers were less upbeat, with the indicator for consumer confidence slipping to -8.8 in February from -8.5 in January.

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