The services confidence indicator in the Euro Area edged higher to 14 in May of 2022, the highest in three months from 13.6 in April. Figures compare with market forecasts of 14.3. While managers’ appraisals of the past business situation and past demand improved, their demand expectations clouded over. source: European Commission

Services Sentiment in the Euro Area averaged 9.54 from 1995 until 2022, reaching an all time high of 35 in June of 1998 and a record low of -51.30 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 June of 2022.

Services Sentiment in Euro Area is expected to be 11.00 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 and 9.00 in 2024, according to our econometric models.

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Euro Area Services Sentiment



Related Last Previous Unit Reference
Business Confidence 1.26 1.98 points May 2022
Capacity Utilization 82.60 81.90 percent Jun 2022
Services Sentiment 14.00 13.60 May 2022
Industrial Sentiment 6.30 7.70 May 2022

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
14.00 13.60 35.00 -51.30 1995 - 2022 Monthly
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News Stream
Euro Area Services Sentiment at 3-Month High
The services confidence indicator in the Euro Area edged higher to 14 in May of 2022, the highest in three months from 13.6 in April. Figures compare with market forecasts of 14.3. While managers’ appraisals of the past business situation and past demand improved, their demand expectations clouded over.
2022-05-30
Euro Area Services Sentiment Little Changed in April
The services confidence indicator in the Euro Area edged lower to 13.5 in April of 2022 from 13.6 in March, below market forecasts of 14.2. It mainly reflects a deterioration in managers' assessment of the past business situation while there was an improvement in their views of past and expected demand.
2022-05-02
Eurozone Services Sentiment Unexpectedly Improves
The services confidence indicator in the Euro Area improved for the second month in a row to 14.4 in March of 2022 from 12.9 in February and above expectations of 10. It was the highest reading in four months driven by managers’ markedly more positive assessment of past demand, and slightly better views on the past business situation and expected demand.
2022-03-30