Economic sentiment in the recession-hit eurozone
brightened in May thanks to a pickup across most business sectors,
dpa cited a survey released Thursday as showing.
The European Commission said its closely watched economic
sentiment indicator (ESI) rebounded to 89.4 points this month, after
falling to 88.6 points in April.
"The recovery was driven by brightening sentiment in all business
sectors except for construction," the commission said.
The survey index measuring confidence in the building industry
fell 2 points as construction companies were hit by a long cold
But the fall in the construction business was cancelled out by a
gain in confidence in the 17-member currency bloc's services and
industrial sectors, as well among retailers and consumers.
The ESI was also boosted by a rise in confidence in the eurozone's
third biggest economies - Germany, France and Italy.
Employment plans were revised upwards in the retail trade along
with the industrial and services sectors, but were revised down
sharply in the construction industry.
The commission said confidence in the broader 27-member European
Union also rose in May, climbing to 90.8 points from 89.7 last month.