The Economic Sentiment Indicator in the Euro Area fell by 0.9 points from the previous month to 91.5 in January of 2021, beating market consensus of 89.5 as confidence in retail trade declined and services and consumer confidence fell less. Confidence in the industry improved, while it remained broadly unchanged in construction. Amongst the largest euro-area economies, the ESI dropped in France (-2.6) and Germany (-2.3), while it improved in Spain (+2.4), the Netherlands (+0.6) and Italy (+0.4). source: European Commission

Economic Optimism Index in the Euro Area averaged 99.92 from 1985 until 2021, reaching an all time high of 118.30 in May of 2000 and a record low of 67.60 in March of 2009. 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 February of 2021.

Economic Optimism Index in Euro Area is expected to be 95.00 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 98.00 in 12 months time. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 101.00 in 2022, according to our econometric models.

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Euro Area Economic Sentiment Indicator

Actual Previous Highest Lowest Dates Unit Frequency
91.50 92.40 118.30 67.60 1985 - 2021 Monthly
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Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 10:00 AM Oct 90.9 90.9 89.5 86.2
2020-11-27 10:00 AM Nov 87.6 91.1 86.5 86.5
2021-01-07 10:00 AM Dec 90.4 87.7 90 89.5
2021-01-28 10:00 AM Jan 91.5 92.4 89.5 89.2
2021-02-25 10:00 AM Feb 91.5 92.9
2021-03-30 09:00 AM Mar
2021-04-29 09:00 AM Apr
2021-05-28 09:00 AM May


News Stream
Eurozone Economic Sentiment Beats Expectations
The Economic Sentiment Indicator in the Euro Area fell by 0.9 points from the previous month to 91.5 in January of 2021, beating market consensus of 89.5 as confidence in retail trade declined and services and consumer confidence fell less. Confidence in the industry improved, while it remained broadly unchanged in construction. Amongst the largest euro-area economies, the ESI dropped in France (-2.6) and Germany (-2.3), while it improved in Spain (+2.4), the Netherlands (+0.6) and Italy (+0.4).
2021-01-28
Eurozone Economic Sentiment Improves
The Economic Sentiment Indicator in the Euro Area rose by 2.7 points from the previous month to 90.4 in December 2020, easily beating market consensus of 90.0. Still, the latest reading remained well below pre-pandemic levels. The ESI's recovery was driven by markedly higher confidence in industry and among consumers and, to a lesser degree, in construction. By contrast, confidence registered mild declines in services and retail trade. Amongst the largest euro-area economies, the ESI increased significantly in Italy (+6.8 points), Spain (+3.3 points) and, to a lesser extent, in the Netherlands (+2.5 points) and France (+2.1 points), while it remained broadly unchanged in Germany (+0.1 points).
2021-01-07
Eurozone Economic Sentiment Weakens
The economic sentiment indicator in the Euro Area fell 3.5 points from the previous month to 87.6 in November 2020, remaining well below pre-pandemic levels but still beating market expectations of 86.5. Several countries across the region were forced to re-impose partial lockdowns to curb the rapid spread of COVID-19. By sector, confidence deteriorated among service providers (-17.3 vs -12.1 in October), retailers (-12.7 vs -6.9), manufacturers (-10.1 vs -9.2), constructors (-9.3 vs -8.3) and consumers (-17.6 vs -15.5).
2020-11-27
Eurozone Economic Sentiment Remains Weak
The economic sentiment indicator in the Euro Area was unchanged at 90.9 in October 2020, beating market expectations of 89.5 but remaining well below pre-pandemic levels, as rising COVID-19 cases across the region forced many European governments to impose fresh restrictive measures. By sector, confidence deteriorated among service providers (-11.8 vs -11.2 in September) and consumers (-15.5 vs -13.9); while morale improved among manufacturers (-9.6 vs -11.4), retailers (-6.9 vs -8.6) and constructors (-8.4 vs -9.5).
2020-10-29

Euro Area Economic Sentiment Indicator
In the Euro Area, the Economic sentiment indicator is a composite measure (average=100) that calculates the confidence level among: manufacturers (40 percent of the index); service providers (30 percent); consumers (20 percent); retailers (5 percent) and constructors (5 percent).