The Eurozone economic sentiment indicator jumped by 9.4 points from the previous month to 110.3 in April 2021, the highest since September 2018, rising markedly above its long-term average and pre-pandemic level for the first time since the outbreak of COVID-19 on the continent. Sentiment improved among all surveyed business sectors: industry (10.7 vs 2.1 in March); services (2.1 vs -9.6); consumer (-8.1 vs -10.8); retail trade (-3.1 vs -12.2); and construction (2.9 vs -2.3). The ESI rose markedly in all of the five largest bloc's economies, most so in the Netherlands (+10.7), followed by Spain (+9.1), France (+8.5), Germany (+5.7) and Italy (+5.3). Thanks to the latest increases, sentiment in all five countries is above its long-term average of 100. source: European Commission
Economic Optimism Index in the Euro Area averaged 99.93 from 1985 until 2021, reaching an all time high of 118.20 in May of 2000 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 May of 2021.
Economic Optimism Index in Euro Area is expected to be 111.50 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 104.00 in 12 months time. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 107.00 in 2022 and 102.00 in 2023, according to our econometric models.