BRUSSELS, July 23 Consumer morale in the euro
zone improved by more than expected in July, rising to its
highest level in almost two years, the European Commission said
Consumer confidence in the 17 countries using the euro
jumped to -17.4 points in July from -18.8 points in June,
beating market expectations for a rise to -18.30 points. The
reading was the best since August 2011, when it stood at -16.8.
In the whole of the European Union, consumer confidence
recovered even faster to -14.8 from -17.5 in June.
Improving consumer confidence follows on from better
manufacturing data this week and points to a recovery in the
second half of this year to pull the euro zone out of recession.