Deteriorating business and consumer sentiment in Europe

In May, the business and consumer sentiment both deteriorated in the euro area: According to the datas of the European Commission, the overall index was 98.4 points in May, after the 100.6 points of April.

The business sentiment index has only improved in the sector of the industry – which is still in the negative range in 27 member states. The indicators have deteriorated in the euro area and the 27 member states as well in the service sector, in consumption, in retailing and in construction – reports MTI.