Euro-zone economy recovering; composite confidence index up in May

Summary: Euro-zone composite sentiment indicator up modestly in May, almost in line with expectations; readings up in three of five sectors; up in three of four largest euro-zone economies; German, French 10-year yields fall moderately; index implies annual GDP growth rate of 0.4%.. The European Commission’s Economic Sentiment Indicator (ESI) is a composite index comprising five differently weighted sectoral confidence indicators.  It is heavily weighted towards confidence surveys from the...

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