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.