India, Feb. 27 -- Eurozone economic confidence strengthened to a five-month high in February on improving confidence among industrial managers and consumers, a closely watched survey revealed Thursday.
The economic confidence index registered 96.3 in February, up from 95.3 in the previous month, survey data from the European Commission revealed. The reading was above economists' forecast of 96.0 and was also the highest since last September.
The strengthening of the ESI in the EU stemmed from improved confidence in industry and among consumers, which was moderated by a decrease in construction and services confidence. Confidence in retail trade remained broadly unchanged.
The industrial sentiment index improved more-than-expected to -11....