Eurozone economic sentiment rose to 67.2 in April from a revised reading of 64.7 in March, a survey from the European Commission showed Wednesday. This was the first increase since May 2007. The index stood above the expected reading of 65.6.
The rebound in the index resulted from a clear improvement in sentiment in industry and among consumers. Industrial confidence climbed to minus 35 from minus 38 in the prior month, while consumer confidence stood at minus 31, up from minus 34 in March. In April, services confidence also showed improvement, which moved up slightly to minus 24. But retailers' sentiment fell to minus 19 from minus 17.
Separately, the commission said euro area's business confidence rose to minus 3.33 in April from minus 3.49 in March. Economists were expecting a reading of minus 3.53.
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