Eurozone economic confidence improved in May after the record declines of March and April, signaling early signs of recovery, survey data from the European Commission showed Thursday.
The economic sentiment index rose to 67.5 in May from 64.9 in the previous month. However, the reading was below economists' forecast of 70.3.
The indicator adds to the evidence that the euro-zone economy bottomed out in April, but that activity is recovering only very slowly, Melanie Debono, an economist at Capital Economics, said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.