The industry confidence in the Euro Area jumped 2.0 points from the previous month to -7.3 in January 2020, the highest since last July and easily beating market expectations of -8.7, boosted by more optimistic views on production expectations, the stocks of finished products and, to a lesser extent, the current level of overall order books. Managers' assessments of the past production and export order books – which are not included in the confidence indicator – increased, too. Euro Area Industrial Sentiment - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Industrial Sentiment in the Euro Area averaged -5.07 from 1985 until 2020, reaching an all time high of 10.30 in January of 2018 and a record low of -37.60 in March of 2009. This page provides - Euro Area Industrial Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: European Commission
Industrial Sentiment in Euro Area is expected to be -8.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Sentiment in Euro Area to stand at -6.00 in 12 months time. In the long-term, the Euro Area Industrial Sentiment is projected to trend around -4.00 in 2021, according to our econometric models.