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June 29, 2020, 5:07 a.m. EDT

Eurozone economic sentiment sees record gain

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By Paul Hannon

Eurozone businesses and consumers regained some of their lost optimism in June as lockdowns designed to contain the novel coronavirus were eased further.

The European Commission Monday said its Economic Sentiment Indicator--an aggregate measure of business and household confidence--rose to 75.7 from 67.5 in May.

That was the largest month-to-month rise on record, and followed a more modest rebound in May. However, the measure remains much lower than the 103.4 level recorded in February, the month before lockdowns became widespread.

The measure also remained below the long-term average of 100, indicating that businesses and households remain pessimistic about their prospects, and likely to remain cautious about spending or investing.

Write to Paul Hannon at paul.hannon@wsj.com

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