European Economic Sentiment continues in May to recover from historical lows
May 28th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Commission said today that in May, the Economic Sentiment Indicator (ESI) for the EU and the Eurozone picked up for the second month in a row, albeit from a very low level and at a slower pace than in April, when a clear rebound was observed. The ESI increased by 2.8 points in the EU, and by 2.1 points in the Eurozone, to 66.7 and 69.3 respectively.