Eurozone consumers grow somewhat less gloomy

08/25/2013 | Bloomberg

Consumer confidence in the eurozone improved to an index reading of minus 15.6 this month, the best since mid-2011 but still solidly negative. The gain may reflect the region's recent emergence from six quarters of recession. But stubbornly high unemployment means "we remain cautious in our outlook for the balance of the year, as we expect customers to be focused on value and volumes to remain under pressure," said Dick Boer, CEO of Netherlands-based Royal Ahold.

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