trending Market Intelligence /marketintelligence/en/news-insights/trending/D1LZ4PdHEXuk9ChXWenhrw2 content esgSubNav
In This List

Eurozone economic sentiment unexpectedly picks up in May

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Eurozone economic sentiment unexpectedly picks up in May

Economic sentiment in the eurozone unexpectedly picked up in May, buoyed by improved mood in the industrial sector, according to the European Commission's monthly business and consumer survey.

The economic sentiment indicator rose to 105.1 this month from a revised 103.9 in April. Econoday had predicted that the indicator would stay at its original reading of 104.0.

Industrial confidence improved to negative 2.9 from negative 4.3 previously, reflecting the sharpest increase in managers' production expectations in 6.5 years and more favorable assessments of the stocks of finished products, the survey said.

Retail trade sentiment ticked down to negative 1.2 from negative 1.1.

Business sentiment in the services sector rose to 12.2 from 11.8. Construction confidence fell to 4.1 from 6.5 amid less favorable assessments of order books and employment expectations.

Consumer confidence came in at negative 6.5, compared with negative 7.3 in April, reflecting households' more upbeat financial outlook.