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MNI: EUROZONE DATA: Economic Sentiment Indicator.....>

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MNI: EUROZONE DATA: Economic Sentiment Indicator (May 2019) Preview - 10:00 BST
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- Bloomberg Consensus: 103.9; MNI Median: 104.0; Prev (Apr): 104.0
- The ESI fell for a 10th straight month in Apr, hitting a 31-month low of 104.0
- While flash consumer confidence (20% of the ESI) jumped by 0.8pts to -6.5 in
May (1pt above Q1 avg & highest in nine months)... 
- ... markets look for the overall ESI to edge marginally lower and remain below
the 106.0 Q1 avg
- Industrial sentiment (which at 40% accounts for the largest share of the
overall ESI) looks set to decline further in May...
- ... tallying with the drop in the flash EZ manufac PMI to a 2-mth low of 47.7
- With the global trade environment still mired in risk & uncertainty, the
outlook for the industrial sector remains weak
- While conditions are much stronger in the more domestically-oriented services
sector, other recent surveys (PMI, Ifo) suggest momentum could be slowing

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