The economic sentiment indicator in the Euro Area dropped by 2.3 points from a month earlier to 115.3 in December 2021, the lowest since May and below market expectations of 116.0. There were sharp declines in confidence among service providers (11.2 vs 18.3 in November), retailers (1.1 vs 3.7) and consumers (-8.3 vs -6.8), following the imposition of restrictive measures across the bloc to curb rising COVID-19 cases. Meanwhile, morale among manufacturers hit an all-time high (14.9 vs 14.3), while that among constructors also improved (10.2 vs 9.0). On the price front, the inflation expectations index dropped to 36.6 in December, moving further away from October's 28-year peak of 40.0, while the gauge for selling price expectations among manufacturers edged down to 48.3 from November's all-time high of 49.1. Amongst the largest EA economies, the ESI worsened in the Netherlands (-4.1), Germany (-2.8), France (-2.1), Italy (-1.6) and Spain (-0.8). source: European Commission

Economic Optimism Index in the Euro Area averaged 100.25 from 1985 until 2021, reaching an all time high of 119 in July of 2021 and a record low of 67.60 in March of 2009. 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 January of 2022.

Economic Optimism Index in Euro Area is expected to be 111.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 104.00 in 2023 and 101.50 in 2024, according to our econometric models.

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Euro Area Economic Sentiment Indicator


Euro Area Economic Sentiment Indicator
In the Euro Area, the Economic sentiment indicator is a composite measure (average=100) that calculates the confidence level among: manufacturers (40 percent of the index); service providers (30 percent); consumers (20 percent); retailers (5 percent) and constructors (5 percent).
Actual Previous Highest Lowest Dates Unit Frequency
115.30 117.60 119.00 67.60 1985 - 2021 Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 10:00 AM Nov 117.5 118.6 117.5 117.5
2022-01-07 10:00 AM Dec 115.3 117.6 116 116.4
2022-01-28 10:00 AM Jan 115.3 114.5 114.8


Related Last Previous Unit Reference
Consumer Confidence -8.50 -8.40 points Jan/22
Economic Optimism Index 115.30 117.60 Dec/21
Consumer Confidence Price Trends 36.60 39.30 points Dec/21


News Stream
Eurozone Economic Sentiment at 7-Month Low
The economic sentiment indicator in the Euro Area dropped by 2.3 points from a month earlier to 115.3 in December 2021, the lowest since May and below market expectations of 116.0. There were sharp declines in confidence among service providers (11.2 vs 18.3 in November), retailers (1.1 vs 3.7) and consumers (-8.3 vs -6.8), following the imposition of restrictive measures across the bloc to curb rising COVID-19 cases. Meanwhile, morale among manufacturers hit an all-time high (14.9 vs 14.3), while that among constructors also improved (10.2 vs 9.0). On the price front, the inflation expectations index dropped to 36.6 in December, moving further away from October's 28-year peak of 40.0, while the gauge for selling price expectations among manufacturers edged down to 48.3 from November's all-time high of 49.1. Amongst the largest EA economies, the ESI worsened in the Netherlands (-4.1), Germany (-2.8), France (-2.1), Italy (-1.6) and Spain (-0.8).
2022-01-07
Eurozone Economic Sentiment Indicator Falls
The economic sentiment indicator in the Euro Area dropped by 1.1 points from a month earlier to 117.5 in November 2021, the lowest for six months and in line with market expectations. There was a marked decline in consumer confidence (-6.8 vs -4.8 in October), as households were concerned about potential new lockdown measures due to rising COVID-19 cases across the bloc. Meanwhile, sentiment among manufacturers was little-changed (14.1 vs 14.2), while there was an improvement in morale among service providers (18.4 vs 18.0), retailers (3.7 vs 1.9) and constructors (9.0 vs 8.6). On the price front, the inflation expectations index edged down to 39.3 in November, from October's 28-year peak of 40.0, while the gauge for selling price expectations among manufacturers climbed to 49.0, a new record. Amongst the largest EA economies, the ESI worsened in Spain (-2.6), the Netherlands (-2.1) and Germany (-1.7), while it improved in France (+3.0) and Italy (+0.9).
2021-11-29
Eurozone Economic Sentiment Nears Record
The economic sentiment indicator in the Euro Area rose by 0.8 points from a month earlier to 118.6 in October 2021, moving closer to July's all-time high of 119.0, even as inflation expectations among consumers and producers hit new records. Sentiment improved among service providers (18.2 vs 15.2 in September), retailers (2.0 vs 1.4), and constructors (8.9 vs 7.5). Meanwhile, confidence among manufacturers was little-changed (14.2 vs 14.1) while that among consumers deteriorated (-4.8 vs -4.0). On the price front, the inflation expectations index surged to 40.0 in October, the highest value since 1993, while the gauge for selling price expectations among manufacturers climbed to 42.2, also a new record. Amongst the largest EA economies, the ESI rose in Spain (+2.5), France (+2.1), Italy (+1.8) and the Netherlands (+1.4), while it weakened slightly in Germany (-0.5).
2021-10-28