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3i European Barometer Q2 2002

European venture-backed firms have registered a gentle recovery in confidence in the latest quarter, although there remains a sense of uncertainty about the immediate economic outlook, according to the 3i Enterprise Barometer. The European barometer rose to minus 39 in the latest quarter from minus 64 in the previous survey, representing a second consecutive quarterly improvement.

The barometer in France measured minus 96, the weakest of the constituent countries. Germany was one of the few to fall quarter-on-quarter, dropping to minus 30 from minus 23. In contrast, Spain pushed into positive territory for the first time in more than 18 months.

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