Latest data released by Eurostat - 28 May 2020

  • Economic confidence 67.5 vs 70.6 expected
  • Prior 67.0; revised to 64.9
  • Industrial confidence -27.5 vs -26.5 expected
  • Prior -30.4; revised to -32.5
  • Services confidence -43.6 vs -27.9 expected
  • Prior -35.0; revised to -38.6

The revised confidence readings for April were lower and there is a mild bounce in economic confidence, but it still at rather depressed levels. Meanwhile, services confidence continued to decline and that reflects waning optimism of any quick rebound in the industry.