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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Euro Area Services Sentiment


Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 10:00 AM Nov 18.4 18 16.6 16.8
2022-01-07 10:00 AM Dec 11.2 18.3 16 15.9
2022-01-28 10:00 AM Jan 11.2 12.5


Related Last Previous Unit Reference
Business Confidence 1.84 1.79 points Dec/21
Capacity Utilization 82.10 82.90 percent Dec/21
Services Sentiment 11.20 18.30 Dec/21
Industrial Sentiment 14.90 14.30 Dec/21

News Stream
Eurozone Services Sentiment Slumps to 8-Month Low
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.
2022-01-07
Eurozone Services Sentiment Improves in November
The services confidence indicator edged up 0.4 points from a month earlier to 18.4 in November 2021, easily beating market consensus of 16.6 and remaining close to July's 14-year high of 18.9. Managers’ views on both past and expected demand improved, while their assessment of the past business situation deteriorated compared to October.
2021-11-29
Eurozone Services Sentiment Rises in October
The services confidence indicator in the Euro Area rose by 3 points from a month earlier to 18.2 in October 2021, moving closer towards July's 14-year high of 18.9, thanks to managers’ improved assessments of all components entering the indicator, including past business situation, past demand and expected demand.
2021-10-28

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.