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.