The services confidence indicator in the Euro Area rose by 3.0 points from a month earlier to 10.7 in January 2023, the highest level since June last year and comfortably above market consensus of 7.9. Sentiment improved markedly due to firms’ more optimistic views on all three components: past business and demand situation; and demand expectations. source: European Commission

Services Sentiment in Euro Area averaged 9.51 points from 1995 until 2023, reaching an all time high of 35.40 points in March of 2000 and a record low of -52.20 points 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 February of 2023.

Services Sentiment in Euro Area is expected to be 11.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Euro Area Services Sentiment



Calendar GMT Actual Previous Consensus TEForecast
2023-01-06 10:00 AM Dec 6.3 3.1 3.5 3.2
2023-01-30 10:00 AM Jan 10.7 7.7 7.9 5.9
2023-02-27 10:00 AM Feb 10.7 11


Related Last Previous Unit Reference
Business Confidence 0.69 0.57 points Jan 2023
Capacity Utilization 81.30 81.40 percent Mar 2023
Services Sentiment 10.70 7.70 points Jan 2023
Industrial Sentiment 1.30 -0.60 points Jan 2023

Euro Area Services Sentiment
In the Euro Area, Services Sentiment measures the confidence level among service providers and accounts for 30 percent of the Economic Sentiment Indicator.
Actual Previous Highest Lowest Dates Unit Frequency
10.70 7.70 35.40 -52.20 1995 - 2023 points Monthly
SA

News Stream
Eurozone Services Sentiment Improves to 7-Month High
The services confidence indicator in the Euro Area rose by 3.0 points from a month earlier to 10.7 in January 2023, the highest level since June last year and comfortably above market consensus of 7.9. Sentiment improved markedly due to firms’ more optimistic views on all three components: past business and demand situation; and demand expectations.
2023-01-30
Eurozone Services Sentiment Stronger than Forecast
The services confidence indicator in the Euro Area rose to 6.3 in December 2022 from an upwardly revised 3.1 in the previous month, and well above market expectations of 3.5. It was the strongest morale for four months, driven by improvements in managers’ appraisals of the past business situation, past demand and demand expectations.
2023-01-06
Eurozone Services Sentiment Improves for 1st Time in 5 Months
The services confidence indicator in the Euro Area was slightly up to 2.3 in November 2022 from a revised 2.1 in the previous month, beating market consensus of 2.0. It was the first increase in the index for five months, as higher demand expectations more than outweighed yet another deterioration of managers’ views on the past business situation. Service providers' appraisals of past demand remained virtually unchanged.
2022-11-29