- The ‘flash’ figure for consumer confidence in the Euro-Zone came in lower than expected at -3.30 in May.
- That was worse than the -3.00 predicted but still an improvement on April’s -3.60.
Consumer confidence in the Euro-Zone continued to climb in May, according to the latest “flash” estimate by the European Commission. Although below the -3.00 predicted by economists in a poll, the actual figure of -3.30 was still higher than April’s -3.60.
That continued a long upward trend that has taken the indicator up to its highest level since 2007, well above its long-term average.
Chart: EUR/USD 5’ Timeframe (May 19 Intraday)
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at email@example.com
Follow Martin on Twitter @MartinSEssex
If you’re looking for trading ideas, check out our Trading Guides; they’re free and updated for the second quarter of 2017
If you’re looking for ideas more short-term in nature, check out the IG Client Sentiment Data