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German industry spurred economic mood in Europe

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HB BRUSSELS. The mood of entrepreneurs and consumers in the euro zone has brightened in July, surprisingly strong. The barometer for the business climate rose by 2.3 points to 101.3 , as the EU Commission announced on Thursday. Economists had expected a level of 99.0 .

Given the improvement in orders brightened the mood on especially in industry, led by Germany . Capacity utilization continued to improve . With 77 percent in the European Union, it is yet to four percentage points below the long term average.

Also for France a boost in confidence was reported (plus 2.6). In Spain alone, companies and consumers look dimmer than in June in the future ( down 2.2 points).

The barometer is made up of several components, which account for 40 percent of industrial , consumer and trade the other hand, only five percent. The business climate in the euro area recovered to plus 0.66 of revised up 0.4 points. Experts here have a level of plus 0.39 points predicted.