Optimists keep faith in eurozone recovery

Article reports that the eurozone’s economic recovery was gathering pace in August 2009 but manufacturers were reporting record surplus capacity and consumers had become still more convinced that prices have further to fall.

The European Commission’s latest 'economic sentiment' survey highlighted the precariousness of the recovery that began in the second quarter of 2009. It showed eurozone optimism levels rose in August 2009 for the fifth consecutive month, to the highest since October 2008, but remained significantly below the average of the past two decades.

EurActiv, 1.9.09: EU economy picks up despite lending squeeze http://www.euractiv.com/en/enterprise-jobs/eu-economy-picks-despite-lending-squeeze/article-184982

ESO: Background information: Eurozone economic confidence rebounds http://www.europeansources.info/record/eurozone-economic-confidence-rebounds-2/

European Commission: DG Communication: Press Release: IP/09/1254: August 2009: Business Climate Indicator continues to recover http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1254&format=DOC&aged=0&language=EN&guiLanguage=en

European Commission: DG Communication: Press Release: IP/09/1253: August 2009: The Economic Sentiment Indicator continues to recover http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1253&format=DOC&aged=0&language=EN&guiLanguage=en

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