Eurozone consumer confidence improved slightly in May

Official data showed on Monday that consumer confidence in the euro zone improved 0.1 points in May, compared to the figure recorded in April.

The European Commission said a flash estimate showed consumer sentiment in the single currency bloc improved to -17.4 this month from -17.5 in April.

Economists polled by Reuters had expected a rise to -16.8.

Consumer sentiment across the European Union rose 0.6 points to -18.3.

The annual inflation rate in the eurozone rose to 7% last April, in line with expectations, from 6.9% the previous month, as prices continue to be bullish in the twenty countries that share the euro .

On a monthly basis, the inflation rate in the eurozone fell more than expected to 0.6% in April, from 0.9% in March, while expectations were for 0.7%.

Inflation in the euro zone slowed the most in March to 6.9%, as energy prices fell to the lowest level in a year, after peaking at 10.6% in October.

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