The services confidence indicator in the Euro Area fell to 15.1 in September 2021, from 16.8 in the previous month and below market expectations of 16.5, due to managers’ lowered assessments of the past business situation and past demand, while their demand expectations picked up again. source: European Commission

Services Sentiment in the Euro Area averaged 9.37 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 October of 2021.

Services Sentiment in Euro Area is expected to be 15.90 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 19.00 in 2022 and 12.00 in 2023, according to our econometric models.

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Euro Area Services Sentiment


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 09:00 AM Jun 17.9 11.3 14.8 14.5
2021-07-29 09:00 AM Jul 19.3 17.9 19.9 19.1
2021-08-30 09:00 AM Aug 16.8 18.9 18.8 18.8
2021-09-29 09:00 AM Sep 15.1 16.8 16.5 15.9
2021-10-28 09:00 AM Oct 15.1 14
2021-11-29 10:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Eurozone Services Sentiment Drops in September
The services confidence indicator in the Euro Area fell to 15.1 in September 2021, from 16.8 in the previous month and below market expectations of 16.5, due to managers’ lowered assessments of the past business situation and past demand, while their demand expectations picked up again.
2021-09-29
Eurozone Services Sentiment Weaker than Forecast
The services confidence indicator in the Euro Area dipped to 16.8 in August 2021, from a 14-year high of 18.9 in the previous month and missing market consensus of 18.8. Sentiment deteriorated for the first time since January, due to managers’ less positive assessments of expected demand, past demand and the past business situation.
2021-08-30
Eurozone Services Sentiment Hits 14-Year Peak
The services confidence indicator rose for a sixth consecutive month to 19.3 in July 2021, the highest level since August 2007 but below market expectations of 19.9. While managers were more positive about past demand and, to a lesser extent, the past business situation, their demand expectations dropped for the first time since November 2020.
2021-07-29
Eurozone Services Sentiment Rises to Near 14-Year High
The services confidence indicator in the Euro Area rose by 6.6 points from the previous month to 17.9 in June 2021, the highest level since August 2007 and above market expectations of 14.8. Managers expressed increasingly upbeat views on the past business situation and past demand, and were more optimistic on demand expectations.
2021-06-29

Euro Area Last Unit Reference Previous Highest Lowest
Business Confidence 1.72 points Sep/21 1.74 1.87 -3.19
Capacity Utilization 82.90 percent Sep/21 82.50 85.30 69.60
Services Sentiment 15.10 Sep/21 16.80 35.00 -43.50
Industrial Sentiment 14.10 Sep/21 13.80 14.50 -37.60


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.