The sentiment indicator rose to 111.1 in June from 109.2 in May,
against market expectations of a rise to 109.5 in a Reuters poll
of economists. This was the highest value of the indicator since
August 2007 when it was 111.8.
The Commission's business confidence index, which points to the
phase of the business cycle, also rose to 1.15 in June from 0.9
in May, its highest value since April 2011 when it was 1.36.
There was more optimism in the manufacturing industry with the
indicator for that sector rising to 4.5 in June from 2.8 in May,
as well as in services, where it rose to 13.4 form 12.8.
Sentiment among consumers improved to -1.3 from -3.3 and in
retail trade to 4.4 form 2.0. In construction it rose to -3.5
from -5.6 and in financial services to 23.2 from 20.3.
Consumers' inflation expectations over the next 12 months rose
to 13.0 from 12.8 although selling price expectations among
manufacturers fell to 7.2 from 8.2 in May.
(Reporting By Jan Strupczewski and Philip Blenkinsop)
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