What does euro area sentiment signal?
The significant improvement euro-area sentiment provides signals that recovery in the 19-nation region will continue to strengthen.
Flash GDP reading released today showed that the euro area expanded 0.5 percent in the first quarter, resuming growth for a 16th consecutive quarter since exiting recession in 2013.
The ongoing progress in key sectors, services and manufacturing, in April gives clues that the growth pace would strengthen in the second quarter.
ECB policymakers have been discussing unwinding asset purchases.