The services confidence indicator in the Euro Area dropped 7.1 points from a month earlier to 11.2 in December 2021, the lowest since April and well below market expectations of 16.0, following the imposition of coronavirus-related restrictions across Europe to curb rising new cases. The monthly fall was driven by a decrease in all its components, i.e. managers’ views on past and expected demand and on their past business situation. source: European Commission
Services Sentiment in the Euro Area averaged 9.43 from 1995 until 2021, reaching an all time high of 35 in June of 1998 and a record low of -43.50 in May of 2020. This page provides - Euro Area Services Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Services Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Services Sentiment in Euro Area is expected to be 15.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Services Sentiment is projected to trend around 12.00 in 2023, according to our econometric models.