Euro Area Heads for Stronger Growth as Labor Market Recovers
- Joblessness remains at 9.8 percent, in line with estimate
- German output rises, French business confidence improves
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In the euro area, the course seems to be set for a pick-up in economic momentum.
Unemployment in the 19-nation region remained at the lowest level in more than seven years in November, as Germany reported a second consecutive increase in industrial output and French business confidence improved. The data follow a survey of purchasing managers out last week that suggested the economy grew at the fastest pace since 2011 at the end of last year.