Eurozone Economic Sentiment Posts a Rebound After 10-Month Decline - Forex News by FX Leaders

Eurozone Economic Sentiment Posts a Rebound After 10-Month Decline

Posted Tuesday, May 28, 2019 by
Arslan Butt • 1 min read

In May, Eurozone economic sentiment rebounded after falling for 10 months at a stretch, according to data released by the European Commission. The economic sentiment indicator increased to 105.1 in May from 103.9 in April, driven by a growth in services sector.

The services sentiment rose to 12.2 from 11.8 during this corresponding period, coming in higher than the forecast which was for a fall to 11.0. Economists were also expecting no change in the mood in the services industry, but it rose from -4.3 in April to -2.9 in May instead.

However, the European Commission’s business climate indicator maintained its decline, going down to 0.30 in May, beating expectations which were for a decline to 0.40 from 0.42 in April.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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