Eurozone consumer confidence on the rise

Eurozone consumer confidence increased more than economists forecast in March, adding to signs that the currency bloc’s recovery is gaining traction.

An index of household confidence in the eurozone rose to minus 9.3 from minus 12.7 in February, the European Commission in Brussels said in a preliminary report yesterday.

That exceeds the median forecast of minus 12.3 in a Bloomberg News survey of 31 economists.