Sunday, September 4, 2011

Euro-Zone Confidence Data Diverge

Sunday, September 4, 2011

LONDON—Consumers in the 17 countries that share the euro became more upbeat about the economic outlook and the jobs market in May, but businesses became gloomier, with manufacturers reporting a drop in export orders.

Both consumers and businesses expected prices to rise more slowly in coming months, official data showed, which suggests that the European Central Bank's decision to raise its key interest rate in March may already have led to a lowering of inflation expectations, and that ...

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