Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Clear Night 58° Clear
News >  Business

Eurozone economic sentiment improves for second month

Associated Press

BRUSSELS – Confidence in the economy of Europe’s 19-country eurozone is up across the region for a second successive month thanks in particular to greater optimism among consumers.

The Economic Sentiment Indicator, a monthly survey by the European Union’s executive Commission, rose to 104.7 points in May from 104.0 in April, according to a report Monday.

Consumers expressed greater confidence over the general future of the eurozone economy, the prospects for employment as well as savings. Industry managers also sounded more upbeat, in particular about a rise in orders.

Among the eurozone’s biggest countries, France saw the strongest rise in confidence, with Germany enjoying a smaller uptick.

The industry and retail sectors expressed a greater interest in hiring, a potential boon to a region still blighted by high unemployment.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.