The economic sentiment indicator in the Euro Area declined for the fourth consecutive month to 93.3 in August 2023, falling short of market expectations of 93.7. This marked the lowest reading since November 2020, as the bloc's economy has been impacted by an aggressive policy tightening initiated by the ECB, alongside persistently high inflation rates. Specifically, there was a decline in morale among manufacturers (-10.3 vs -9.3 in July), service providers (3.9 vs 5.4), retailers (-5.0 vs -4.5), constructors (-5.2 vs -3.6), and consumers (-16.0 vs -15.1). On the pricing front, the consumer inflation expectations index increased for the first time in five months to 9.0 in August, up from 4.9 in July. Meanwhile, the gauge for selling price expectations among manufacturers experienced a slight uptick, rising to 3.6 from 3.4. Among the bloc's largest economies, the ESI deteriorated in France, Germany, and Italy, while it improved in Spain and the Netherlands. source: European Commission

Economic Optimism Index in Euro Area averaged 99.72 points from 1985 until 2023, reaching an all time high of 118.80 points in October of 2021 and a record low of 59.70 points in April of 2020. This page provides - Euro Area Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Economic Sentiment Indicator - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Economic Optimism Index in Euro Area is expected to be 91.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 102.00 points in 2024 and 101.00 points in 2025, 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 Economic Sentiment Indicator



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-28 09:00 AM Jul 94.5 95.3 95 94
2023-08-30 08:00 AM Aug 93.3 94.5 93.7 94
2023-09-28 09:00 AM Sep 93.3 91.5


Related Last Previous Unit Reference
Consumer Confidence -16.00 -15.10 points Aug 2023
Economic Optimism Index 93.30 94.50 points Aug 2023
Consumer Confidence Price Trends 9.00 4.90 points Aug 2023

Euro Area Economic Sentiment Indicator
In the Euro Area, the Economic sentiment indicator is a composite measure (average=100) that calculates the confidence level among: manufacturers (40 percent of the index); service providers (30 percent); consumers (20 percent); retailers (5 percent) and constructors (5 percent).
Actual Previous Highest Lowest Dates Unit Frequency
93.30 94.50 118.80 59.70 1985 - 2023 points Monthly
SA

News Stream
Eurozone Economic Sentiment Nears 3-Year Low
The economic sentiment indicator in the Euro Area declined for the fourth consecutive month to 93.3 in August 2023, falling short of market expectations of 93.7. This marked the lowest reading since November 2020, as the bloc's economy has been impacted by an aggressive policy tightening initiated by the ECB, alongside persistently high inflation rates. Specifically, there was a decline in morale among manufacturers (-10.3 vs -9.3 in July), service providers (3.9 vs 5.4), retailers (-5.0 vs -4.5), constructors (-5.2 vs -3.6), and consumers (-16.0 vs -15.1). On the pricing front, the consumer inflation expectations index increased for the first time in five months to 9.0 in August, up from 4.9 in July. Meanwhile, the gauge for selling price expectations among manufacturers experienced a slight uptick, rising to 3.6 from 3.4. Among the bloc's largest economies, the ESI deteriorated in France, Germany, and Italy, while it improved in Spain and the Netherlands.
2023-08-30
Eurozone Economic Sentiment Hits 9-Month Low
The economic sentiment indicator in the Euro Area declined for a third consecutive month to 94.5 in July 2023, the lowest reading since last October and below market expectations of 95.0. This decline comes as the effects of an aggressive policy tightening delivered by the European Central Bank, coupled with persistently high inflation rates, started to bite. Specifically, there was a deterioration in morale among manufacturers (-9.4 vs -7.3 in June), service providers (5.7 vs 5.9), and constructors (-3.1 vs -2.4), while sentiment among traders (-4.5 vs -5.9) and consumers (-15.1 vs -16.1) improved. On the price front, the consumer inflation expectations index dropped to 4.8 in July, the lowest since October 2015, while the gauge for selling price expectations among manufacturers decreased to 3.4, the lowest since November 2020. Among the largest Euro Area economies, the ESI deteriorated markedly in France (-2.3 points), Germany (-2.1), and to a lesser extent, the Netherlands (-0.9).
2023-07-28
Eurozone Economic Sentiment at 7-Month Low
The economic sentiment indicator in the Euro Area declined for a second consecutive month to 95.3 in June 2023, the lowest reading since last November and below market expectations of 96.0. The rapid increase in interest rates by the European Central Bank, coupled with persistently high inflation rates, contributed to a further deterioration in sentiment among manufacturers (-7.2 vs -5.3 in May), constructors (-2.0 vs -0.3), service providers (5.7 vs 7.1) and retailers (-6.0 vs -5.3). However, there was a slight improvement in consumer morale (-16.1 vs -17.4). On the price front, the consumer inflation expectations index dropped to 6.1 in June, the lowest since March 2016, while the gauge for selling price expectations among manufacturers decreased to 4.4, the lowest since November 2020. Among the largest economies in the Euro Area, the ESI deteriorated in Germany, Italy, the Netherlands and Spain, while it improved in France.
2023-06-29