Showing posts with label Schaeffler Group. Show all posts
Showing posts with label Schaeffler Group. Show all posts

May 27, 2011

European Economic Confidence Worsened in May on Debt Crisis

May 27 (Bloomberg) -- European confidence in the economic outlook weakened for a third straight month in May as the region's worsening debt crisis and surging commodity costs clouded growth prospects.

An index of executive and consumer sentiment in the 17- member euro region slipped to 105.5 from 106.1 in April, the European Commission in Brussels said today. Economists had forecast a drop to 105.7, the median of 27 estimates in a Bloomberg survey showed.