ZURICH (MaceNews) – Economic sentiment beat expectations in June to reach a 21-year high, according to the latest business and consumer survey published by the European Commission.
The Economic Sentiment Index (ESI) rose for the fifth straight month to 117.9 in June for the Euro-area, rising from 114.5 the previous month and beating the median of 116.5 in an Econoday survey of economists’ forecasts.
Sentiment by sector:
- Industry: 12.7 in June vs 11.5 in May (Econoday median: 13.0)
- Consumer: -3.3 in June vs -5.1 in May (Econoday median: -3.3)
- Services: 17.9 in June vs 11.3 in May
- Retail Trade: 4.5 in June vs 0.5 in May
- Construction: 5.1 in June vs 4.9 in May
Sentiment by large economies:
- Germany: 117.2 in June vs 112.2 in May
- Italy: 117.9 in June vs 115.8 in May
- Netherlands: 113.7 in June vs 111.8 in May
- France: 112.2 in June vs 110.9 in May
- Poland: 106.9 in June vs 106.7 in May
- Spain: 107.2 in June vs 108.3 in May
For the broader European Union, the ESI also improved to a 21-year high, rising to 117.0 in June from 114.0 in May, the Commission said.
—
Content may appear first or exclusively on the Mace News premium service. For real-time delivery contact tony@macenews.com. Twitter headlines @macenewsmacro.