Registering still noticeable increases in the euro area (+3.6 points up to 91.1) and the EU (+3.4 points up to 90.2), the ESI in both regions has so far recovered nearly 70% of the combined losses of March and April. While similarly losing steam, also the recovery of the Employment Expectations Indicator (EEI) continued for the fifth month in a row (up by 2.3 points to 91.8 in the euro area and by 2.4 points to 91.8 in the EU).