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

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MNI: EUROZONE DATA: Economic Sentiment Indicator (Jun 2019) 
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- Economic Sentiment Indicator (ESI): 103.3; Prev (May): 105.2 (rev. from 105.1)
- Consumer: -7.2 (May: -6.5); Industry: -5.6 (May: -2.9); Services: 11.0 (May:
12.1); Retail: 0.1 (May: -0.9); Construction: 7.7 (May: 4.1)
- The ESI disappointed market expectations of a milder decline to 104.8, with
Jun's 103.3 reading the weakest since Aug 2016
- Industrial sentiment saw the largest decline - with the 2.7pt drop on the
month the largest since Nov 2012 and leaving the index at its weakest since Sep
2013
- With recent signs of spillover from persistently weak manufacturing to
thus-far resilient services having been feeding through recently...
- ... a renewed downturn in services sector confidence (back to Jan's level)
will likely fuel contagion concerns

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