The services confidence indicator in the Euro Area was down 3.2 points from a month earlier to 4.9 in September 2022, the weakest level since April 2021 and well below market expectations of 7.0, due to a marked deterioration of all three components (i.e. views on the past business situation, past demand and demand expectations). source: European Commission

Services Sentiment in the Euro Area averaged 9.55 from 1995 until 2022, reaching an all time high of 36 in March of 2000 and a record low of -51.60 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 October of 2022.

Services Sentiment in Euro Area is expected to be 7.00 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 0.81 0.83 points Sep 2022
Capacity Utilization 82.40 82.60 percent Sep 2022
Services Sentiment 4.90 8.10 Sep 2022
Industrial Sentiment -0.40 1.00 Sep 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
4.90 8.10 36.00 -51.60 1995 - 2022 Monthly
SA

News Stream
Eurozone Services Sentiment Weakest in 17 Months
The services confidence indicator in the Euro Area was down 3.2 points from a month earlier to 4.9 in September 2022, the weakest level since April 2021 and well below market expectations of 7.0, due to a marked deterioration of all three components (i.e. views on the past business situation, past demand and demand expectations).
2022-09-29
Euro Area Services Sentiment Lowest since May 2021
The services confidence indicator in the Euro Area went down to 8.7 in August of 2022 from 10.4 in July, the lowest since May last year. Figures came in line with market expectations. Sentiment also fell in the European Union (8.5 vs 9.4), due to deterioration of its backward-looking components (past business situation, past demand). Managers’ demand expectations, by contrast, edged up.
2022-08-30
Euro Area Services Sentiment Falls More than Expected
The services confidence indicator in the Euro Area fell to 10.7 in July of 2022 from 14.1 in June, well below market forecasts of 13.5. There was a broad-based worsening of managers’ assessment of past demand and the past business situation, and their demand expectations.
2022-07-28