Eurozone consumer sentiment increases again

Eurozone economic confidence rose for a second month in May as the ECB prepares to present updated economic projections that could provide further clues about the impact of its stimulus programme.

An index of executive and consumer sentiment increased to 104.7 from a revised 104.0 in April, the European Commission said yesterday.

That is the highest level seen in four months and compares to a median estimate for an increase to 104.4 in a survey.