2 Feb 11

And by the side of the U.S. economy, improve the prospects for recovery on track. improving the U.S. economy and signs of moderation of the crisis in the eurozone, are improving the mood of families and businesses. So despite the bad omens about economic growth for the region provided by the IMF in July for the fourth consecutive month, came back up economic confidence by consumers and businesses. The economic sentiment index rose in July to 76 points, compared to 73.2 points the previous month.

Analysts polled by Dow Jones Newswires had forecast a more moderate increase, up 75.3 points. a If positive improvement in the mood of the private sector in the region, the greater is the change in expectations in Germany. The improved economic conditions there, the eurozone's largest economy and engine of the region, reflecting strong growth in the IFO index of business confidence and purchasing managers index showing a clear recovery in the growth prospects for first eurozone economy. a These high expectations help to turn the decisions of households and businesses, although more is needed to be reflected in improvements in economic data. a A key element of great importance to underpin economic recovery through the financial system. In this sense, there is still a strong decision of both firms and households as banks begin to recover from the credit market from both sides. In fact, the European Central Bank (ECB) has just reported a few days ago that the growth of bank loans to companies and households in the euro area fell in June to its lowest level since 1992, with poor growth of only 1.5% year.


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