Eurozone consumer confidence rises

Eurozone consumer confidence rose in May, figures released on Friday showed, offering hope that a relatively robust industry recovery is feeding through to households in the 17-country single currency area. The European Commission said a flash estimate showed eurozone consumer morale increased to -9.7 in May from a revised -11.6 in April and after -10.6 in March.
April was revised down from an initial estimate of -11.4. In the wider 27-member European Union, consumer sentiment improved more sharply, to -10.6 in May from -13.9 in April.