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Survey shows rising confidence in eurozone economy

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October 30, 2013 07:33 AM EST | AP


BRUSSELS (AP) — A new survey points to an increase in confidence in the eurozone's nascent economic recovery.

The European Union's statistics office on Wednesday said economic sentiment in the 17-nation eurozone rose for the sixth time in a row in October.

Eurostat says the Economic Sentiment Indicator increased by 0.9 points to 97.8 for the eurozone and by 1.1 points to 101.8 for the EU's 28 nations.

The eurozone's economy grew by 0.3 percent in the second quarter compared with the previous three-month period, bringing it out of recession. The uptick followed six straight quarterly declines that have pushed unemployment above 12 percent.