The economic sentiment indicator in the Euro Area dropped to 117.5 in August 2021, from an all-time high of 119.0 in the previous month and below market expectations of 117.9. Sentiment deteriorated for the first time since January's slight decline, amid concerns over the Delta coronavirus variant. Morale among service providers decreased from a 14-year high (down 2.1 points to 16.8) and that among manufacturers fell from its highest level on record (down 0.8 points to 13.7). Sentiment among consumers was also down 0.9 points to -5.3. Meanwhile, there was an improvement in confidence among retailers (up 0.2 points to 4.6) and constructors (up 1.5 points to 5.5). source: European Commission

Economic Optimism Index in the Euro Area averaged 100.09 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 September of 2021.

Economic Optimism Index in Euro Area is expected to be 115.90 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 107.00 in 2022 and 102.00 in 2023, according to our econometric models.

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Euro Area Economic Sentiment Indicator

Actual Previous Highest Lowest Dates Unit Frequency
117.50 119.00 119.00 67.60 1985 - 2021 Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-28 09:00 AM May 114.5 110.5 112.1 112
2021-06-29 09:00 AM Jun 117.9 114.5 116.5 115.9
2021-07-29 09:00 AM Jul 119 117.9 118.5 118.5
2021-08-30 09:00 AM Aug 117.5 119 117.9 118.1
2021-09-29 09:00 AM Sep 117.5 115.9
2021-10-28 10:00 AM Oct
2021-11-29 10:00 AM Nov


News Stream
Eurozone Economic Sentiment Falls in August
The economic sentiment indicator in the Euro Area dropped to 117.5 in August 2021, from an all-time high of 119.0 in the previous month and below market expectations of 117.9. Sentiment deteriorated for the first time since January's slight decline, amid concerns over the Delta coronavirus variant. Morale among service providers decreased from a 14-year high (down 2.1 points to 16.8) and that among manufacturers fell from its highest level on record (down 0.8 points to 13.7). Sentiment among consumers was also down 0.9 points to -5.3. Meanwhile, there was an improvement in confidence among retailers (up 0.2 points to 4.6) and constructors (up 1.5 points to 5.5).
2021-08-30
Eurozone Economic Sentiment Hits Record High
The economic sentiment indicator in the Euro Area rose for a sixth month in a row to an all-time high of 119.0 in July 2021, beating market expectations of 118.5, supported by hopes of a strong economic recovery due to the reopening of economic activities. However, the latest improvement was weaker than that seen in previous months, suggesting that the indicator is approaching its peak as concerns over the Delta coronavirus variant mounted. Morale among service providers was the strongest since August 2007 (up 1.4 points to 19.3) and that among manufacturers hit a fresh record high (up 1.8 points to 14.6). Meanwhile, sentiment among other surveyed business sectors deteriorated: consumers (down 1.1 points to -4.4); retailers (down 0.1 points to 4.6); and constructors (down 1.2 points to 4.0).
2021-07-29
Eurozone Economic Sentiment Hits 21-Year High
The Eurozone economic sentiment indicator rose by 3.4 points from the previous month to 117.9 in June 2021, the highest since an all-time high of 118.2 was reached in May 2000 and well above its long-term average and pre-pandemic level. Sentiment has been supported by hopes of a strong economic recovery, helped by the ongoing re-opening efforts and the rapid pace of COVID-19 vaccination. Morale among service providers was the strongest since August 2007 (up 6.6 points to 17.9) and that among manufacturers hit a record high (up 1.2 points to 12.7). Sentiment among other surveyed business sectors also improved: retailers (up 4.0 points to 4.5); consumers (up 1.8 points to -3.3); and constructors (up 0.2 points to 5.1). At the country level, the ESI reached an all-time high in Germany (up 5.0 points) and increased also in Italy (up 2.1 points), the Netherlands (up 1.9 points) and France (up 1.3 points).
2021-06-29
Eurozone Economic Sentiment Surges in May
The Economic Sentiment Index in the Euro Area increased to 114.5 in May of 2021 from 110.5 in April, beating market forecasts of 112.1. It is the highest reading since January of 2018, remaining markedly above its long-term average of 100 and pre-pandemic levels. A marked improvement was seen in the services sector (11.3 vs 2.2), retail trade (0.4 vs -3), construction (4.9 vs 3) and industry (11.5 vs 10.9). The consumer confidence also increased but remained in negative territory (-5.1 vs -8.1). Among Eurozone largest economies, the ESI increased in Italy (100.6 vs 93.2), France (110.8 vs 105.8), Germany (112.2 vs 109.4) and Spain (108.3 vs 106)
2021-05-28

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).