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Euro-Area Consumer Sentiment Drops as Ukraine Threatens Recovery
Euro-area consumer confidence declined in August as escalating political tensions in eastern Europe threaten the region’s already faltering economic recovery. An index of household sentiment in the euro zone decreased to minus 10 from minus 8.4 in July, the European Commission in Brussels said in a preliminary report today. That is below the median forecast of minus 9.1 in a Bloomberg News survey of 22 economists. Worsening consumer confidence is adding to signs that the euro-area’s economic outlook is deteriorating as tensions in Ukraine rise, increasing the likelihood that European Central Bank President Mario ... (full story)