Consolidated confidence index in euro area deteriorated in May

The consolidated index of business and consumer confidence in the euro area economy in May this year fell to 112.5 points from 112.7 points in April, according to the European Commission. Analysts had predicted the index drop to 112, 1 points. The decrease is observed for 5 consecutive months. The May index is minimal for 9 months. The indicator of the business climate increased to 1.45 points from 1.39 points a month earlier, and the analysts had predicted it to be at 1.3 points. In the service sector, the trust indicator dropped from 14.7 points to 14.3 points. The confidence of European industrial companies has deteriorated to 6.8 points from 7.3 points. The consumer confidence indicator remained unchanged in May, at 0.2 points.

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