The Eurozone industrial confidence indicator edged down to -8.0 in May 2026 from -7.7 in April, in line with market expectations. It marked the weakest reading in five months, as the conflict with Iran and persistently elevated energy prices continued to weigh on sentiment. The decline was driven by further deterioration in managers’ production expectations and a weaker assessment of finished goods inventories, partly offset by an improved evaluation of current order books.