May 2015 eurzone economic sentiment 103.8 vs 103.5 exp - Inflation expectations jump

Eurozone economic sentiment data 28 May 2015

• Prior 103.7. Revised to 103.8
• Business climate 0.28 v s0.35 exp. Prior 0.32. Revised to 0.33
• Industrial sentiment -3.0 vs -3.0 exp. Prior -3.2
• Services sent 7.8 v s6.7 exp. Prior 6.7. Revised to 7.0
• Consumer confidence final -5.5 vs -5.5 exp. Prior -4.6
• Consumer inflation expectations 3.6 vs 0.7 prior
• Selling prices -0.5 vs -2.9 prior. Revised to -2.7

The inflation expectations number is a huge boost for the ECB. Their mandate is to keep expectations firmly anchored

Eurozone economic sentiment