Eurozone investor confidence rises more than forecast in May

Eurozone investor confidence rose more than expected in May but remained subdued, according to a report by Sentix on Monday.

The investor sentiment index climbed to 6.2 in May from 5.7 in April, beating forecasts of 6.0. However, it remains well below levels recorded last year.

The index had reached double digits in February 2015 after the European Central Bank announced its quantitative easing programme, but returned to single digits in January of this year amid concerns about the health of the eurozone’s economy and prolonged low inflation.