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6/24/08

IHT: Consumer confidence across Europe fell in June - but business sentiment holding its own

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Consumer confidence across Europe fell in June - but business sentiment holding its own

Household confidence, strained by sky-high fuel prices, slid in many parts of Europe in June, including Germany, the Continent's recent juggernaut, economic surveys showed Tuesday.

France, Continental Europe's second-biggest economy behind Germany, showed some resistance with business sentiment holding its ground in June and consumer spending surging surprisingly. Spending held up in Britain, too, despite signs there of a potentially serious housing slump.

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