Eurozone economic confidence strengthened more than expected in May as the manufacturing and retail sectors showed signs of recovery, survey data from the European Commission revealed on Tuesday.
The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.