EU economic sentiment sags in May after near ten-year peak in April

EU economic sentiment sags in May after near ten-year peak in April

In May, euro zone economic sentiment edged down from an almost 10-year-peak in April versus expectations for an ascend because confidence mostly sank in services, as European Union data disclosed on Tuesday.

According to te European Commission's monthly poll, the overall index for the 19-country currency bloc went down to 109.2 from an upwardly revised April’s outcome of 109.7. Financial experts surveyed by Reuters had hoped for a soar to 110.0 points.

In May, a separate business confidence indicator, tracking the phase of the business cycle, edged down to 0.90 from an upwardly revised April’s outcome of 1.10, versus market hopes for a soar to 1.11.

The sag in market sentiment was mostly powered by decreasing optimism in the services sector, the largest in the euro zone that went down to 13.0 in May from April’s reading of 14.2.

Confidence in the retail sector went down to from 3.1 to 2.

Similar

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera