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.