Eurozone sentiment index up sharply

06/27/2013 | Bloomberg

An index combining eurozone executive and consumer sentiment has scored its biggest improvement in nearly three years, rising this month to 91.3 from 89.5 in May. The latest reading "supports hopes that eurozone economic activity may have finally stopped contracting in the second quarter. If June's improvement in confidence can be extended, businesses will at least pare back their job cutting and consumers will gradually lift their spending," said Howard Archer, chief U.K. and European economist at IHS Global Insight.

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