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MNI: EUROZONE DATA: Flash Consumer Confidence (May...>

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MNI: EUROZONE DATA: Flash Consumer Confidence (May 2019) Preview - 15:00 BST
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- Bloomberg Consensus: -7.7; Prev (Apr): -7.9
- Markets expect consumer confidence to have risen slightly in May...
- ... following a disappointing start to Q2, with the index having slumped back
to Jan's level of -7.9 in Apr, after rising gradually throughout Q1
- Apr's slide was driven by increased pessimism regarding the general economic
situation as well as consumers' future financial situation
- The survey also revealed a decline in consumers' price expectations...
- ... thus adding to evidence of softer momentum at the start of Q2 in terms of
both activity and inflation
- EZ equity prices, which tend to be a good near-term indicator of consumer
sentiment, declined in the first half of May...
- ... posing some downside risk to mkt expectations of a rebound in confidence
- Nevertheless, buoyant labour market conditions, softer inflation & supportive
policy suggest that consumer sentiment should soon resume trending higher

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