Free Trial

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

MNI: EUROZONE DATA: Flash Consumer Confidence (May 2019) Preview - 15:00 BST
- 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

To read the full story



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.