The economic sentiment indicator in the Euro Area edged down to 99.7 in February of 2023, well below market forecast of 101, compared to a downwardly revised 99.8 in January, which was the highest in seven months. Sentiment weakened among manufacturers (0.5 vs 1.2 in January) and service providers (9.5 vs 10.4) but improved among traders (-0.1 vs -0.7), consumers (-19 vs -20.7) and constructors (1.8 vs 1.4). On the price front, the consumer inflation expectations index fell slightly to 17.7, the lowest in near two years, from an upwardly revised 17.8 while the gauge for selling price expectations among manufacturers decreased to 23.8, also the lowest since the first half of 2021. Meanwhile, there was a setback in employment expectations (109.4 vs 109.7) mainly due to a marked deterioration of employment plans of managers in industry and services. Still, the Economic Uncertainty Indicator declined to 23.3 from 26.2. source: European Commission
Economic Optimism Index in Euro Area averaged 99.77 points from 1985 until 2023, reaching an all time high of 118.70 points in October of 2021 and a record low of 59.90 points 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 March of 2023.
Economic Optimism Index in Euro Area is expected to be 101.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.