The industry confidence indicator in the Euro Area rose by 1.7 points from the previous month to -11.1 in September 2020, worse than market expectations of -10.0 and remaining below pre-pandemic levels. There were improvements in managers’ appraisals of the adequacy of stocks of finished products and the current level of overall order books. Meanwhile, production expectations, which had recovered to beyond their pre-crisis level already in July, barely moved since then. Of the questions not entering the confidence indicator, managers’ assessment of the level of past production and export order books continued to recover, albeit at reduced speed and remaining well below their February readings. source: European Commission

Industrial Sentiment in the Euro Area averaged -5.30 from 1985 until 2020, reaching an all time high of 10.30 in January of 2018 and a record low of -37.60 in March of 2009. This page provides - Euro Area Industrial Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Industrial Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Industrial Sentiment in Euro Area is expected to be -10.60 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Sentiment in Euro Area to stand at -10.00 in 12 months time. In the long-term, the Euro Area Industrial Sentiment is projected to trend around -14.00 in 2021 and -10.00 in 2022, according to our econometric models.

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Euro Area Industrial Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
-11.10 -12.80 10.30 -37.60 1985 - 2020 Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 09:00 AM Jun -21.7 -27.5 -20 -20
2020-07-30 09:00 AM Jul -16.2 -21.6 -17 -18
2020-08-28 09:00 AM Aug -12.7 -16.2 -14.4 -14
2020-09-29 09:00 AM Sep -11.1 -12.8 -10 -10.6
2020-10-29 10:00 AM Oct -11.1 -11 -12
2020-11-27 10:00 AM Nov


News Stream
Eurozone Industry Confidence Improves Less than Expected
The industry confidence indicator in the Euro Area rose by 1.7 points from the previous month to -11.1 in September 2020, worse than market expectations of -10.0 and remaining below pre-pandemic levels. There were improvements in managers’ appraisals of the adequacy of stocks of finished products and the current level of overall order books. Meanwhile, production expectations, which had recovered to beyond their pre-crisis level already in July, barely moved since then. Of the questions not entering the confidence indicator, managers’ assessment of the level of past production and export order books continued to recover, albeit at reduced speed and remaining well below their February readings.
2020-09-29
Eurozone Industry Confidence Improves in August
The industry confidence indicator in the Euro Area rose to -12.7 in August 2020, beating market expectations of -14.4, but remaining well below pre-pandemic levels. The recovery was fueled by more sanguine appraisals of the stocks of finished products and the current level of overall order books, while managers’ production expectations edged down after three consecutive months of strong growth.
2020-08-28
Eurozone Industry Confidence Improves Less than Expected in June
The industry confidence indicator in the Euro Area rose 5.8 points from the previous month to -21.7 in June 2020, below market expectations of -20.0, boosted by an improvement in production expectations, which were almost back to their February level. Yet, appraisals of the adequacy of stocks of finished products continued deteriorating, while they remained broadly unchanged in respect of the current level of overall order books.
2020-06-29
Eurozone Industry Confidence Slumps to 11-Year Low
The industry confidence indicator in the Euro Area fell by 19.2 points from the previous month to -30.4 in April 2020, the lowest level since March 2009, as the Covid-19 outbreak hurt the economy. It was also the sharpest monthly decline in industrial sentiment ever, amid managers’ crashing production expectations. Also their appraisals of the current level of overall order books tumbled. Managers’ net assessment of the stocks of finished products increased only moderately, the effect of lower demand being likely mitigated by managers reporting lower stocks due to supply chain interruptions. Also the assessments of export order books and the level of past production, which do not enter the calculation of the confidence indicator, plunged.
2020-04-29

Euro Area Industrial Sentiment
In the Euro Area, Industrial Sentiment measures the confidence level among manufacturers and accounts for 40 percent of the Economic Sentiment Indicator.