European Manufacturing Confidence Increases to One-Year High
an. 31 (Bloomberg) -- European manufacturers were the most optimistic in more than a year in January and consumer confidence stayed at the highest since September 2002 as export gains spurred domestic demand. An index of manufacturing confidence rose to minus 4 from December's minus 5 points, according to a survey published today by the European Commission in Brussels. Consumer confidence was unchanged at minus 11 points.
``The recovery is more broadly based,'' Luigi Speranza, an economist at BNP Paribas in London, said before the report was released. ``Consumers seem to be jumping in. This has been the missing element so far.''