India, May 27 -- Eurozone economic confidence strengthened more than expected in May as the manufacturing and retail sectors showed signs of recovery, survey data from the European Commission revealed on Tuesday.
The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0.
The rise in the ESI was primarily driven by the improvements in the industry, retail trade sector and among consumers, with a moderate contribution also from the construction sector.
The industrial confidence index rose to -10.3 in May from -11.0 in April. This was the highest score since March 2024.
Meanwhile, confidence among service providers softened marginally in May. The services sentiment indicator posted 1.5 comp...