Eurozone Final Consumer Confidence arrives at -21.1 in May, meets estimates

Eurozone's Final Consumer Confidence Index arrives at -21.1 in May vs. -22.0 recorded previously, according to the latest data release from the European Commission. The data matched the consensus forecast of 21.1.

The Business Climate Index slipped to 1.26 in May vs. 1.59 booked in April.

Meanwhile, the bloc’s Economic Sentiment Indicator for May rose to 105.0 vs. 104.9 expected and previous.

Market reaction

EUR/USD is picking up bids, as the US dollar sees a fresh leg lower in the European session. The spot is trading at 1.00763, up 0.35% on the day.

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