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2026-05-28 17:16:40
[Eurozone Industrial Sentiment Falls to -8.0, Services Sector Unexpectedly Recovers, Inflation Expectations Fall from High to 40.5] ⑴ Data released by the European Commission on Thursday showed that the Eurozone's economic sentiment index for May was 93.5, higher than April's 93.2. The industrial sentiment index further declined from -7.7 to -8.0, in line with market expectations; the services sector confidence index rebounded from 1.4 to 2.2, far exceeding market expectations of 0.2. ⑵ The consumer confidence index improved from -20.6 to -19.0, but the retail trade index deteriorated from -10.0 to -10.9, and the construction index fell from -2.8 to -3.6. Overall, the market showed a divergent pattern: the services sector supported the economy, industry continued to contract, and consumer confidence slowly recovered. ⑶ Regarding inflation expectations, the producer price expectation index fell from 30.2 to 27.4, and the consumer inflation expectation index dropped significantly from 48.8 to 40.5. Although inflation expectations have cooled somewhat, the absolute level remains high, and the ECB's anti-inflation task is not yet complete. Looking ahead, we will focus on the sustainability of the service sector recovery and when the industrial sector will bottom out.
