Euro zone economic sentiment surged in June to a 21-year-high as an accelerated pace of COVID-19 vaccinations led to further reopening and an improved mood across all sectors of the economy, notably in retail and services. The European Commission's monthly sentiment survey for the 19 countries sharing the euro on Tuesday showed optimism rising to 117.9 points in June from 114.5 in May, beating the consensus estimate in a Reuters poll of 116.5. Sentiment became much more upbeat in services, the euro zone's biggest sector that is responsible for more than two thirds of gross domestic product. The sub-index rose to 17.9 points from 11.3 in May. Retail sentiment rose to 4.5 points from 0.5 in May.
Source : : Reuters
Post by : Republic of Turkey Ministry of Trade