The services confidence indicator in the Euro Area fell to 7.0 in May 2023, down from a revised 9.9 the month before and well below market expectations of 10.2. Sentiment among service providers hit its lowest level since November 2022, reflecting less upbeat views on both past and expected demand as well as, to a lesser extent, the past business situation. source: European Commission

Services Sentiment in Euro Area averaged 9.50 points from 1995 until 2023, reaching an all time high of 35.40 points in March of 2000 and a record low of -52.00 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 June of 2023.

Services Sentiment in Euro Area is expected to be 5.00 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
2023-04-27 09:00 AM Apr 10.5 9.6 9.4 10
2023-05-30 09:00 AM May 7 9.9 10.2 10.1
2023-06-29 09:00 AM Jun 7 5


Related Last Previous Unit Reference
Business Confidence 0.19 0.51 points May 2023
Capacity Utilization 81.20 81.30 percent Jun 2023
Services Sentiment 7.00 9.90 points May 2023
Industrial Sentiment -5.20 -2.80 points May 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
7.00 9.90 35.40 -52.00 1995 - 2023 points Monthly
SA

News Stream
Eurozone Services Sentiment Below Forecasts
The services confidence indicator in the Euro Area fell to 7.0 in May 2023, down from a revised 9.9 the month before and well below market expectations of 10.2. Sentiment among service providers hit its lowest level since November 2022, reflecting less upbeat views on both past and expected demand as well as, to a lesser extent, the past business situation.
2023-05-30
Eurozone Services Sentiment Beats Expectations
The services confidence indicator rose to 10.5 in April 2023, up from an upwardly revised 9.6 in the previous month and comfortably above market consensus of 9.4. The sentiment indicator matched January's seven-month high, reflecting slightly improved assessments of past business situation, past demand and demand expectations. The gauge measuring selling-price expectations dropped to 20.2, the lowest since December 2021.
2023-04-27
Eurozone Services Sentiment Weaker than Forecast
The services confidence indicator in the Euro Area edged down to 9.4 in March 2023 from 9.5 in the previous month and well below market forecasts of 10.3. Service providers' views on their past business situation and past demand deteriorated, while demand expectations improved.
2023-03-30