The economic sentiment indicator in the Euro Area rose to 67.5 in May 2020 from a downwardly revised record low of 64.9 in the previous month but below market expectations of 70.3. Morale improved among manufacturers (-27.5 vs -32.5 in April), retailers (-29.7 vs -30.1) and consumers (-18.8 vs -22). In contrast, sentiment among service providers hit a record low (-43.6 vs -38.6) and among constructors deteriorated (-17.4 vs -16.1). Amongst the bloc's largest economies, the ESI edged up in the Netherlands (+3.5), Germany (+3.2) and Spain (+1.6), while it went broadly sideways in France (-0.3).
Economic Optimism Index in the Euro Area averaged 99.68 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 May of 2020. source: European Commission
Economic Optimism Index in Euro Area is expected to be 89.00 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 97.00 in 12 months time. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 98.00 in 2021 and 100.00 in 2022, according to our econometric models.