Eurozone economic confidence reached a 21-year high in June, largely driven by the improvement in the services sector after the easing of lockdown restrictions, survey results from the European Commission showed on Tuesday. The economic confidence index rose more-than-expected to 117.9 in June from 114.5 in the previous month. The expected level was 116.5.
The industrial confidence index increased for the seventh month in a row to a new all-time high of 12.7 in June from 11.5 a month ago. The reading was also above economists' forecast of 12.3.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.