Euro area economic sentiment reached its lowest level since late 2020 due to weaker confidence among consumers, services, retail trade and construction managers, monthly survey data from European Commission showed on Wednesday.
The economic sentiment index declined more-than-expected to 93.3 from 94.5 a month ago. This was the lowest since November 2020, when the score was 92.3. The expected reading was 93.7.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.