Euro zone economic optimism hits 21-year high

Optimism over the euro zone economy is soaring as lockdowns ease.

New figures Tuesday (June 29) show sentiment hitting a 21-year high.

That's according to the European Commission's monthly survey.

It jumped to 117.9 this month, well above forecasts.

The rise was particularly noticeable in the bloc's giant service sector.

That subindex rose to 17.9 from just 11.3 in May, also way ahead of expectations.

Sentiment in Germany hit an all-time high, and it improved in most other major economies bar Spain.

Optimism in industry and construction, and among consumers, rose more modestly than for services.

Like other recent data, the survey points to price rises as a potential worry.

Tuesday's figures showed more consumers expecting higher inflation over the coming months.