Eurozone: Economic sentiment rises in May
May 30, 2016
Economic sentiment in the Eurozone rose in May, according to the European Commission (EC). The economic sentiment index (ESI) increased from 104.0 in April to 104.7. The result overshot the 104.4 that market analysts had expected.
Looking at the sectors of the economy, economic sentiment hit a six-month high in retail trade and improved among consumptions. However, sentiment in the services sector deteriorated.
At a country level, an increase in economic sentiment was registered in Germany, the largest economy in the Eurozone. In addition, sentiment improved in France and Italy. However, sentiment deteriorated in Greece, Portugal and Spain.