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AZ Central

Economic data shows eurozone steadier, still weak

January 30, 2013

FRANKFURT, Germany -- The euro area's economy is showing modest signs of improvement, as new figures Wednesday indicated more consumer optimism and steadier bank finances. Weak demand for bank loans, however, made it clear the recovery was still some way off. The European Union's economic sentiment indicator, which mixes business and consumer outlooks, rose by 1.4 points in January to 89.2 for the 17 EU countries that use the euro. It was the third straight monthly increase. The jump was fed by increased confidence among consumers and from businesses in the construction and service sectors of the economy.

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