Maybe it’s the month off they’ve just all taken. Maybe it’s watching their currency rise against the dollar, or seeing its most economically-hobbled members finally start to turn things around. Maybe it’s watching the U.K. get its comeuppance. Maybe it’s the fact that none of their member states have yet done something as stupid as electing Donald Trump. Whatever it is, Eurozoners are feeling better than they have in more than a decade about how things are going in the Eurozone.
Economic sentiment in the eurozone reached its “highest level in more than 10 years” in August, led by rising confidence among industrial companies and in the services sector, the European Commission said Wednesday….
Italy recorded the sharpest rise in economic sentiment among the region’s largest economies, followed by France and Spain—a sign the recovery is spreading….
The pickup in confidence underpins expectations that the eurozone will remain on its solid growth path in the second half of the year despite a stronger euro, and will be aided by domestic demand.