The economic mood in the euro zone brightened up more than expected in May.
The Economic Sentiment Indicator (ESI) rose by one point to 94.8 points at the previous month, as the European Commission announced in Brussels on Tuesday. Bank economist: On the other hand, on average, only an increase to 94.1 points had expected an average. The ESI is therefore below its long -term average of 100 points.
Trust in industry and consumers have improved: inside. The value also improved in retail and in the construction industry. The mood in the service sector has deteriorated a little.
With regard to the largest economies in the euro area, the economic mood in Italy (plus 2.8 points) and Germany (plus 1.5) has improved. In France (minus 3.5) and Spain (minus 0.4), however, the ESI deteriorated.