The economic climate in the eurozone changed slightly in May, as slightly stronger optimism in services and consumers offset the slight decline in confidence in the industry.
In particular, the relevant monthly survey of the European Commission showed that the economic climate in the 19 euro countries moved to 105 points in May from 104.9 in April.
It is noted that economists in a Reuters survey expected it to remain at 104.9 points.
The climate in industry fell slightly to 6.3 points from 7.7 in April, but optimism in services, the largest sector of the economy, rose to 14 points from 13.6 previously.
At the same time, consumer confidence showed signs of improvement, measuring at -21.1 points from -22 in April.
Finally, consumer expectations for inflation, which had hit a record high in March, continued to decline, falling to 45.6 in May from 50 in April.
At the same time, the producers’ expectations for inflation, which fell to 56.1, from the historical record of 60 in April, also declined.
Source: Capital
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