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As on May 28, 2020 12:00 AM Your results on : Currency News    
Economic Buzz: Eurozone Economic Confidence Recovers In May
28-May-2020 (15:05)

Eurozone economic sentiment index rose to 67.5 in May from 64.9 in the previous month, survey data from the European Commission showed Thursday. The ESI's uptick reflected a recovery in industry and consumer confidence which neutralized about a fifth of the combined slump of March and April. Meanwhile, services confidence continued declining, albeit at a lower rate than in the preceding two months. Changes in construction and retail trade confidence were much more contained, survey results showed. The consumer sentiment index came in at -18.8 versus -22.0 in the previous month. The industrial confidence index advanced to -27.5 from -32.5 a month ago. The confidence index in retail improved to -29.7 from -30.1 in April. Meanwhile, the services sentiment index declined to -43.6 from -38.6 in April. The business confidence index declined to -2.43 from -1.99 in April, data showed.

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