Economic sentiment index in the euro area stagnates at a one-year low

By: Trademagazin editor Date: 2022. 05. 30. 11:12

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In May, the economic sentiment index in the euro area stagnated at the low level of a year earlier, according to a regular monthly survey by the European Commission’s Directorate-General for Economic and Financial Affairs (DG EcFin).

Economic sentiment in the eurozone stagnates

The euro area economic sentiment indicator (ESI) remained broadly unchanged in May, rising 105.0 points from a downward adjustment of 104.9 in April. The market expected 104.9 points for May.

Overall business confidence at a low level not seen for a year has stagnated as high inflation and the war in Ukraine continue to worsen the sentiment. (MTI)