The economic sentiment indicator in the Euro Area rose by 5.3 points from the previous month to 87.7 in August 2020, moving further away from an 11-year low hit in April but remaining well below pre-pandemic levels. By sector, morale improved among service providers (-17.2 vs -26.2 in July), retailers (-10.5 vs -15.1), manufacturers (-12.7 vs -16.2) and consumers (-14.7 vs -15.0), but deteriorated among constructors (-11.8 vs -11.4).
Economic Optimism Index in the Euro Area averaged 99.55 from 1985 until 2020, reaching an all time high of 118.60 in May of 2000 and a record low of 64.90 in April of 2020. This page provides - Euro Area Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Economic Sentiment Indicator - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: European Commission
Economic Optimism Index in Euro Area is expected to be 85.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Optimism Index in Euro Area to stand at 94.00 in 12 months time. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 98.00 in 2021 and 101.00 in 2022, according to our econometric models.