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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
MNI (London)
Economic Sentiment Indicator (ESI): 114.5; Prev (Apr): 110.5
Consumer: -5.1(Apr: -8.1); Industry: +11.5 (Apr: +10.9); Services: +11.3 (Apr: +2.2); Retail: -0.4 (Apr: -3.0); Construction: +4.9 (Apr: +3.0)
- The EZ ESI rose markedly again by 4.0pt to 114.5 in May, beating expectations of an uptick to just 112.0.
- The index now stands at the highest level since Jan 2018 and showed the fourth consecutive gain.
- May's increase was broad-based with every industry posting m/m gains, led by an 9.1pt uptick in the service sector with service sentiment recording the highest reading since Feb 2020.
- Retail trade confidence gained 3.4pt to a 17-month high in May and posted the first positive reading since Dec 2019, while consumer sentiment registered in line with the flash estimate showing an increase to -5.1.
- Industrial sentiment ticked up again in May by 0.6pt, marking the sixth consecutive gain and a new record high, while confidence in the construction sector ticked up 1.9pt and recorded the strongest reading since the start of the crisis.
- The ESI increased markedly in the six biggest EZ economies, led by Italy (+11.0pt) and followed by Poland (+5.1pt), France (+5.0pt), the Netherlands (+3.2pt), Germany (+2.8pt) and Spain (+2.3pt).
- The employment expectations index increased to 110.1 in May, marking the highest level since Dec 2018.
Source: European Commission
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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