Euro zone confidence bounces back in May: Survey
BRUSSELS (AFP) - Consumer and business confidence in the 17-nation euro zone bounced back in May after a sharp drop in April, a European Commission survey showed on Thursday.
The combined business and consumer confidence index added 0.8 points in May to 89.4 after falling 1.5 points in April, the Commission said, reporting a broad-based improvement in all sectors but construction.
For the full 27-member European Union, the index rose 1.1 points to 90.8, after a drop of 1.8 points in April.
In the euro zone alone, industrial sector confidence was up 0.8 points in May, with services rebounding a strong 1.8 points, while consumer confidence added a more modest 0.4 points, dampened by continuing high unemployment rates.