Monday, the latest Sentix survey showed that the economic indicator for the Eurozone improved by a point to minus 34.3 in May. Economists expected the reading to come in at minus 28. The latest reading is the highest since October 2008.

Among the sub indicators, the current situation index stood at minus 59 in May, down from minus 55.25 in the previous month, while the expectations index rose to minus 5.25 from minus 12.50 in April.

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