The Eurozone economic sentiment indicator rose 0.3 points from a month earlier to 101.5 in December 2019, slightly beating market expectations of 101.4, boosted by confidence among service providers (11.4 vs 9.2), retailers (0.8 vs -0.2) and constructors (5.0 vs 2.8). Meanwhile, industry morale deteriorated again (-9.3 vs -9.1), as well as consumer sentiment (-8.1 vs -7.2).

Economic Optimism Index in the Euro Area averaged 100.82 from 1985 until 2019, reaching an all time high of 118 in May of 2000 and a record low of 68.20 in March of 2009. This page provides - Euro Area Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: European Commission

Economic Optimism Index in Euro Area is expected to be 101.80 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 105.00 in 12 months time. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 104.00 in 2020, according to our econometric models.


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Euro Area Economic Sentiment Indicator

Actual Previous Highest Lowest Dates Unit Frequency
101.50 101.20 118.00 68.20 1985 - 2019 Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 09:00 AM Sep 101.7 103.1 103 102.5
2019-10-30 10:00 AM Oct 100.8 101.7 101.1 101.9
2019-11-28 10:00 AM Nov 101.3 100.8 101 101.1
2020-01-08 10:00 AM Dec 101.5 101.2 101.4 101.7
2020-01-30 10:00 AM Jan 101.5 101.9 101.9


News Stream
2019-11-28
Eurozone Economic Sentiment Rebounds in November
The Eurozone economic sentiment indicator rose 0.5 points from a month earlier to 101.3 in November 2019, beating market expectations of 101.0, boosted by improved confidence among manufacturers (-9.2 vs -9.5 in October), consumers (-7.2 vs -7.6), service providers (9.3 vs 9.0) and retailers (-0.2 vs -0.9). Meanwhile, morale among constructors deteriorated (3.1 vs 4.4).

2019-10-30
Eurozone Economic Sentiment at Near 5-Year Low
The Economic Sentiment Indicator in the Euro Area dropped to 100.8 in October 2019 from 101.7 in the previous month and below market consensus of 101.1. That was the lowest reading since January 2015, as sentiment deteriorated among manufacturers (-9.5 vs -8.9 in September), service providers (9.0 vs 9.5), consumers (-7.6 vs -6.5), and retailers (-0.7 vs 0.2). Meanwhile, construction morale improved to 4.7 from 3.4.

2019-09-27
Eurozone Economic Sentiment Drops to 5-Year Low
The economic sentiment indicator for the Euro Area dropped to 101.7 in September 2019 from 103.1 in the previous month, below market expectations of 103.0. That was the lowest reading in nearly five years, as sentiment in the industry sector fell to its lowest level since July 2013 (-8.8 vs -5.8 in August). Morale also deteriorated among retailers (0.1 vs 0.6) and constructors (3.8 vs 3.9), while an improvement was seen in confidence among service providers (9.5 vs 9.2) and consumers (-6.5 vs -7.1).

2019-08-29
Eurozone Economic Sentiment Rebounds
The economic sentiment indicator for the Euro Area rose to 103.1 in August 2019 from an over three-year low of 102.7 in the previous month and above market expectations of 102.3. Sentiment improved among manufacturers (-5.9 vs -7.3 in July) and retailers (0.5 vs -0.7), but deteriorated among service providers (9.3 vs 10.6), constructors (3.7 vs 5.0) and consumers (-7.1 vs -6.6).

2019-07-30
Eurozone Economic Sentiment at 3-1/2-Year Low
The economic sentiment indicator for the Euro Area dropped to 102.7 in July 2019 from 103.3 in the previous month, slightly above market expectations of 102.6. That was the lowest reading since March 2016, as sentiment among manufacturers fell 1.8 points to -7.4. In addition, confidence deteriorated among service providers (10.6 vs 11.0 in June), retailers (-0.7 vs 0.1) and constructors (5.0 vs 7.6), while an improvement was seen in consumers sentiment (-6.6 vs -7.2). The largest fall in confidence was recorded in Germany, while sentiment was unchanged in France and increased in the Netherlands, Italy and Spain.

2019-06-27
Eurozone Economic Sentiment At to 3-Year Low
The economic sentiment indicator for the Euro Area slumped to 103.3 in June 2019 from a revised 105.2 in the previous month and well below market expectations of 104.6. That was the lowest reading since August 2016, as sentiment among manufacturers plunged 2.7 points to -5.6, the largest drop in about eight years. In addition, confidence deteriorated among service providers (11.0 vs 12.1 in May) and consumers (-7.2 vs -6.5), while an improvement was seen in sentiment among retailers (0.1 vs -0.9) and constructors (7.7 vs 4.1). The largest falls in confidence were recorded in Germany and Italy, followed by France, the Netherlands and Spain.


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).

Euro Area Consumer Last Previous Highest Lowest Unit
Consumer Confidence -8.10 -8.10 -1.40 -23.90 points [+]
Retail Sales MoM 1.00 -0.30 2.80 -2.00 percent [+]
Retail Sales YoY 2.20 1.70 6.00 -4.60 percent [+]
Consumer Spending 1527.11 1519.39 1527.11 1102.53 EUR Billion [+]
Disposable Personal Income 1813179.00 1792635.00 1813179.00 1059295.00 EUR Million [+]
Personal Savings 13.04 13.30 14.18 11.43 percent [+]
Private Sector Credit 11438737.00 11423245.00 11438737.00 3241298.00 EUR Million [+]
Bank Lending Rate 1.91 1.92 6.52 1.89 percent [+]
Consumer Credit 718804.94 717037.34 718804.94 359891.93 EUR Million [+]
Economic Optimism Index 101.50 101.20 118.00 68.20 [+]
Households Debt To GDP 57.80 57.50 64.20 46.30 percent of GDP [+]
Households Debt To Income 93.49 94.00 98.13 71.02 percent [+]
Consumer Confidence Current Conditions -5.30 -9.20 -2.80 -65.40 [+]
Consumer Confidence Economic Expectations -0.50 -4.10 4.20 -43.70 [+]
Consumer Confidence Financial Expectations -0.70 -0.90 4.90 -13.40 [+]
Consumer Confidence Major Purchases Expectations -17.30 -18.10 -12.00 -28.20 [+]
Consumer Confidence Price Trends 20.50 19.40 54.80 -12.50 points [+]
Consumer Confidence Savings Expectations -3.50 -5.20 1.30 -17.50 [+]
Consumer Confidence Unemployment Expectations 0.60 3.00 68.80 -1.70 [+]