Thursday, 30 May 2013

Economic Buzz: Euro Zone Consumer Confidence, Economic Sentiment Improves

The European Commission said that Euro zone Consumer Confidence increased to -21.9 in May, from -22.3 in April, the European Commission reported on Thursday. This result is in line with market consensus. Euro zone Economic Sentiment Indicator rose to 89.4 in May from 88.6 recorded the previous month, above forecasts of growing to 89.

The Business Climate improved to -0.76 in May, from -1.04, above expectations of rising to -0.87.Industrial Confidence decline slowed down from -13.8 in May to -13, slightly above projections of -13.1. Services Sentiment grew to -9.3 in May from -11.1 and above market consensus of -10.8.
Source by Commodity Insights

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