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.