News Economy Sentix: Eurozone sentiment down in May

Sentix: Eurozone sentiment down in May

May brought weakened sentiments in the Eurozone according, however analysts and investors seemed more upbeat about it than in 2011, a survey from Sentix said on Monday.
 
People seemed to have been brushing off the looming Greek crisis, but sentiment in the area was still lower than had been forecasted.  
 
Sentix research group's index tracking morale among investors and analysts in the euro zone slipped to 19.6 in May from 20.0 in April. That was slightly below the Reuters consensus forecast for a reading of 19.8.
 
"The stability of the headline index is remarkable given that Greece's future is yet to be cleared up," said Sebastian Wanke, senior analyst at Sentix.
 
Talks between Greece and its international lenders have been painfully slow as the leftist-led government is resisting cuts in pensions and labour reforms. But a government official said on Sunday that the negotiations to unlock remaining bailout aid had made headway.
 
Source: Reuters
 
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