The consumer confidence indicator in the Euro Area edged up by 0.9 points from the previous month to -21.1 in May of 2022, beating market expectations of -21.5 as sentiment continues to recover from March’s 22-month low, a preliminary estimate showed. Still, morale remained far below its long-term average. In the European Union as a whole, consumer sentiment decreased by 0.4 points to -22.2.
