The industry confidence indicator in the Euro Area rose by 1.7 points from the previous month to -11.1 in September 2020, worse than market expectations of -10.0 and remaining below pre-pandemic levels. There were improvements in managers’ appraisals of the adequacy of stocks of finished products and the current level of overall order books. Meanwhile, production expectations, which had recovered to beyond their pre-crisis level already in July, barely moved since then. Of the questions not entering the confidence indicator, managers’ assessment of the level of past production and export order books continued to recover, albeit at reduced speed and remaining well below their February readings.
Industrial Sentiment in the Euro Area averaged -5.30 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. Euro Area Industrial Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: European Commission
Industrial Sentiment in Euro Area is expected to be -10.60 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 -10.00 in 12 months time. In the long-term, the Euro Area Industrial Sentiment is projected to trend around -14.00 in 2021 and -10.00 in 2022, according to our econometric models.