The European Commission's economic sentiment indicator for the 16-nation euro zone rebounded to 67.2 in April from a record low of 64.7 in March, marking the first rise since May 2007, the EC said Wednesday. Economists had expected a more modest rise to 65.3. The rebound was led by improvements in consumer and industrial confidence. The April consumer confidence indicator rose to -31 from -34 in March, while the industrial sentiment reading rose to -35 from -38. Sentiment in the services sector ticked up to -24 in April from -25 in March. The April retail-trade sentiment indicator declined to -19 from -17 in March, while the construction index fell to -34 from -32.
