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Eurozone economic sentiment rose to 82.8 in September, up from a revised reading of 80.8 in August and the expected level of 82.5, a monthly survey from the European Commission showed Tuesday. However, the indicator stood well below its long-term average.
The consumer confidence index climbed to minus 19 from minus 22 in the previous month. At the same time, industrial sentiment improved to minus 24 from minus 25 and confidence in services moved up to minus 9 from minus 11.
Further, the improvement in business climate indicator was less marked than in the prior month. The index stood at minus 2.07 in September compared to minus 2.18 in August. Economists were expecting a reading of minus 1.99.
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