- Economic confidence 96.0 vs 96.2 expected
- Prior 95.6
- Industrial confidence -9.9 vs -9.4 expected
- Prior -10.5; revised to -10.4
- Services confidence 6.5 vs 6.5 expected
- Prior 6.0; revised to 6.1
Euro area economic sentiment improved in May, with both the industrial and services components also showing better prospects. This will be a comfort for the ECB, following the better performance in Q1. That especially if it would require them to hold rates for a bit longer after next week’s cut.
This article was written by Justin Low at www.forexlive.com.
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