BRUSSELS: A closely watched survey shows that economic confidence across the 19-country eurozone fell for a third consecutive month last month, reaching a 13-month low, the latest in a run of figures to indicate that the recovery is losing pace.
In its monthly assessment of confidence, the EU’s executive arm said its economic sentiment indicator fell 0.9 points to 103.0 last month. The European Commission said the deterioration in sentiment was due to lower confidence among consumers as well as managers in the services and construction sectors. The commission said that its survey results were collected before the Brussels terror attacks on Tuesday last week.
