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Eurozone consumer confidence edged up in May despite concerns over Russia’s invasion of Ukraine and surging energy-driven inflation.
- The European Commission stated that the flash estimate showed the euro area consumer confidence rose slightly to -21.1 this month from -22 in April.
- Economists surveyed by Reuters had anticipated an increase to -21.5.
- The increase was slightly better than the small expected increase to -21.5 but left the index at multi-year lows as consumers struggled with the rising inflation.
In the entire European Union, consumer sentiment edged down by 0.4 points to -22.2.
EuroStoxx 50 up +0.85%, EURUSD down -0.25%
Source: European Commission
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