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). source: European Commission

Economic Optimism Index in the Euro Area averaged 99.51 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 November of 2020.

Economic Optimism Index in Euro Area is expected to be 91.00 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 95.00 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.

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Euro Area Economic Sentiment Indicator

Actual Previous Highest Lowest Dates Unit Frequency
90.90 90.90 118.60 64.90 1985 - 2020 Monthly
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Calendar GMT Actual Previous Consensus TEForecast
2020-07-30 09:00 AM Jul 82.3 75.8 81 79.5
2020-08-28 09:00 AM Aug 87.7 82.4 85 85.5
2020-09-29 09:00 AM Sep 91.1 87.5 89 88.5
2020-10-29 10:00 AM Oct 90.9 90.9 89.5 86.2
2020-11-27 10:00 AM Nov 90.9 86.5 86.5
2021-01-08 10:00 AM Dec
2021-01-29 10:00 AM Jan
2021-02-26 10:00 AM Feb


News Stream
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
EA Economic Sentiment Slightly Above Forecasts
The economic sentiment indicator in the Euro Area rose by 3.6 points from the previous month to 91.1 in September 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 (-11.1 vs -17.2 in August), retailers (-8.7 vs -10.5), manufacturers (-11.1 vs -12.8), constructors (-9.6 vs -11.8), and consumers (-13.9 vs -14.7).
2020-09-29
Eurozone Economic Sentiment Improves in August
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).
2020-08-28
Eurozone Economic Sentiment Remains Weak
The economic sentiment indicator in the Euro Area rose by 6.5 points from the previous month to 82.3 in July 2020, moving further away from an 11-year low hit in April but remaining well below the February's pre-pandemic level. Several countries across the region were forced to re-impose coronavirus-induced restrictions amid a second wave of infections. By sector, morale improved among service providers (-26.1 vs -35.5 in June), retailers (-15.3 vs -19.4) and manufacturers (-16.2 vs -21.6), but deteriorated among constructors (-12.6 vs -11.6) and consumers (-15.0 vs -14.7).
2020-07-30

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).