Eurozone’s confidence index reached its annual peak

The euro-zone business confidence index, rose to its 12-month peak in September, to 82.8 points, from the 80.8 points of August.

The increase may indicate that the region's economy can expand at a faster pace, than initially expected, in the second half of the year – said Christoph Weil, analyst for Commerzbank in Frankfurt. However, the September increase was the lowest rate of growth since the increase started in April. The consumer price expectations for the next 12 months, increased to minus 14 points from the minus 16 points of September.
The optimistic mood, however, was broken down by the U.S. consumer confidence index which unexpectedly fell to 53.1 points from the 54.5 points of August – reports napi.hu.