Zona euro: Economic sentiment down in May

Zona euro Actividad económica May 2023

Zona euro: Economic sentiment down in May

Sentiment in the Eurozone fell to 96.5 in May from 99.0 in April. Consequently, the index remained entrenched below its long-run average of 100, signaling persistent albeit moderate pessimism.

Sentiment in the services, retail and industry sectors decreased. Additionally, employment expectations weakened. That said, consumer confidence gained some ground. Meanwhile selling price expectations eased in all sectors.

In terms of specific countries, sentiment declined in Germany, Italy, the Netherlands and Spain while it rose in France.

Commenting on the release, Bert Colijn, senior economist at ING, stated:

“Data on the eurozone’s economic performance have been a mixed bag recently. While original data on the fourth quarter of last year and the first quarter of 2023 came in quite positive, recent German revisions make it very likely that the eurozone was in fact in a mild recession over the winter. Recent survey data had been decent, but we nevertheless do not expect more than a very modest recovery of growth in the second quarter.”

Informe de muestra gratuito

Acceda a información esencial en el menor tiempo posible. FocusEconomics proporciona cientos de informes de previsión consensuados de las autoridades de investigación económica más reputadas del mundo.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen