Press Release: May 2009: Economic sentiment continues in May to recover from historical lows

In May, the Economic Sentiment Indicator (ESI) for the EU and the euro area picked up for the second month in a row, albeit from a very low level and at a slower pace than in April, when a clear rebound was observed. The ESI increased by 2.8 points in the EU, and by 2.1 points in the euro area, to 66.7 and 69.3 respectively.