- Eurozone consumer confidence improves more than anticipated in May
Market news
21 May 2021
Eurozone consumer confidence improves more than anticipated in May
The
European Commission (EC) reported on Friday its flash estimate showed the
consumer confidence indicator for the Eurozone rose by 3.0 points to -5.1 in May
from an unrevised -8.1 in the previous month. This was the highest reading since October 2018.
Economists
had expected the index to increase to -6.8.
Considering
the European Union (EU) as a whole, consumer sentiment also improved by 3.0 points to -6.0.
Given
this month’s gains, the Eurozone’s measure is slightly above its
pre-pandemic level, while EU’s indicator is back to its pre-pandemic level.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page