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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): 117.9; Prev (May): 114.5
Consumer: -3.3(May: -5.1); Industry: +12.7 (May: +11.5); Services: +17.9 (May: +11.3); Retail: +4.5 (May: +0.5); Construction: +5.1 (May: +4.9)
- The EZ ESI rose 3.4pt to 11.9 in June, coming in stronger than markets expected (BBG: 116.5).
- The index now stands at the highest level since May 2000 and recorded the fifth consecutive gain.
- Jun's increase was broad-based with every category posting a gain, led by another strong increase in service sector sentiment by 6.6pt to the highest level since Aug 2007.
- Retail trade sentiment saw the second largest gain, up 4pt and showing a 42-month high.
- Consumer confidence registered in line with the flash estimate, showing an uptick by 1.8pt in Jun.
- Industrial confidence hit a new record high in Jun, up 1.2pt, while construction confidence ticked up 0.2pt to the strongest reading since the beginning of the crisis.
- The ESI increased in the five of the six biggest EZ economies: The German ESI rose to a record high, while Italy (+2.1pt), the Netherlands (+1.9pt), France (+1.3pt) and Poland (+0.2pt) saw monthly upticks as well.
- Spain (-1.1pt) saw a marginal decline in June,
- The employment expectations index increased to 111.6, its highest level since Nov 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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