The European Business and Consumer Survey Index Increased in May

The European Commission (EC) announced that its European Business and Consumer Survey index rose to 105.0 in May from 104.9 in April.

The European Business and Consumer Survey Index measure confidence in the euro zone. It is one of the indicators of the potential for consumer and business spending in the eurozone.

According to the EC report, confidence in the retail trade and construction sectors was stable. Confidence in the industrial sector weakened slightly.

The countries that reported the strongest economic confidence index were Spain, followed by France and Italy.

The European Commission’s data also shows that labor market sentiment recovered slightly in May. The decisive factors here were the service and construction sectors, which are planning to increase employment over the next three months.

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