In Europe, consumer confidence rose in August

Aug. 23, 2013 at 11:48 AM

BRUSSELS, Aug. 23 (UPI) -- Consumer confidence rose in the eurozone and the larger European Union in August compared to July, the European Commission said Friday.

In a flash estimate that could be revised, the commission said its consumer confidence indicators rose "markedly" in the month, climbing from minus 17.4 to minus 15.6 in the eurozone and from minus 14.8 to minus 12.8 in the European Union, which added Croatia as a 28th member July 1.

A negative reading is normal. The long-term average for the index, dating to 2003, is minus 12.5.

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