Signs of growth in euro economy

Economic sentiment in the eurozone was much better than expected in September thanks to a rebound of confidence in industry in the biggest economies, data from the European Commission showed yesterday.

The economic sentiment index, calculated by the EU’s executive arm, rose to 104.9 in September from 103.5 in August, beating expectations of no change and moving further above the long-term average of 100.0.

Economic sentiment is an early indicator of economic activity, signaling trends in GDP growth.