Summary
- Eurozone economic confidence has improved as the region bounces back from a mild recession last year
- Sentiment indicator rose to 96 in May from 95.6 in April, with readings for industrial confidence, services, and consumer sentiment all up
- Growth in the currency bloc surpassed expectations in the first quarter, with private-sector business activity reaching its highest level in a year
- Unemployment fell to 6.4% in April, and the European Central Bank is expected to lower its deposit rate by a quarter-point