SPEU - Decent Eurozone Sentiment Masks A Sputtering Growth Engine
2025-05-27 07:15:00 ET
Summary
- While the eurozone PMI deteriorated in May, the European Commission’s economic sentiment indicator actually picked up a bit compared to the April reading.
- The manufacturing sector is weathering the trade war storm quite well so far.
- But weaker services are a bigger concern for growth in the eurozone at the moment.
By Bert Colijn
While the eurozone PMI deteriorated in May, the European Commission’s economic sentiment indicator actually picked up a bit compared to the April reading (up from 93.8 to 94.8). This was mainly due to a slightly more upbeat consumer, but industry sentiment also ticked up again....
Decent Eurozone Sentiment Masks A Sputtering Growth Engine