The economic sentiment indicator in the Euro Area rose 1 point to 93.7 in November 2022, following eight straight months of declines, and slightly beating forecasts of 93.5. Still, it remained close to its lowest level in two years, as rising borrowing costs, stubbornly high inflation and the prospect of an economic recession next year, as well as a deepening energy crisis in the winter months weighed on sentiment. There were slight improvements in morale among service providers (2.3 vs 2.1 in October) and consumers (-23.9 vs -27.5), while a deterioration was reported for the industry (-2.0 vs -1.2) and construction sectors (2.3 vs 2.6). On the price front, the inflation expectations index dropped to 30.1 from 37.3 a month earlier, while the gauge for selling price expectations among manufacturers decreased to 40.4 from 44.8. Amongst the largest EA economies, the ESI increased in Italy (+4.1), the Netherlands (+1.2) and Germany (+1.1), while it eased in Spain (-1.7) and France (-1.6). source: European Commission

Economic Optimism Index in Euro Area averaged 99.83 points from 1985 until 2022, reaching an all time high of 118.00 points in October of 2021 and a record low of 60.90 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 December of 2022.

Economic Optimism Index in Euro Area is expected to be 82.00 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 96.00 in 2023 and 101.50 in 2024, according to our econometric models.

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Euro Area Economic Sentiment Indicator



Calendar GMT Actual Previous Consensus TEForecast
2022-10-28 09:00 AM Oct 92.5 93.6 92.5 91.5
2022-11-29 10:00 AM Nov 93.7 92.7 93.5 92.9


Related Last Previous Unit Reference
Consumer Confidence -23.90 -27.50 points Nov 2022
Economic Optimism Index 93.70 92.70 points Nov 2022
Consumer Confidence Price Trends 30.10 37.30 points Nov 2022

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
93.70 92.70 118.00 60.90 1985 - 2022 points Monthly
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News Stream
Eurozone Sentiment Rises for 1st Time in 9 Months
The economic sentiment indicator in the Euro Area rose 1 point to 93.7 in November 2022, following eight straight months of declines, and slightly beating forecasts of 93.5. Still, it remained close to its lowest level in two years, as rising borrowing costs, stubbornly high inflation and the prospect of an economic recession next year, as well as a deepening energy crisis in the winter months weighed on sentiment. There were slight improvements in morale among service providers (2.3 vs 2.1 in October) and consumers (-23.9 vs -27.5), while a deterioration was reported for the industry (-2.0 vs -1.2) and construction sectors (2.3 vs 2.6). On the price front, the inflation expectations index dropped to 30.1 from 37.3 a month earlier, while the gauge for selling price expectations among manufacturers decreased to 40.4 from 44.8. Amongst the largest EA economies, the ESI increased in Italy (+4.1), the Netherlands (+1.2) and Germany (+1.1), while it eased in Spain (-1.7) and France (-1.6).
2022-11-29
Eurozone Sentiment Falls for 8th Month
The economic sentiment indicator in the Euro Area fell for an eighth consecutive month to 92.5 in October 2022, the lowest level since November 2020, amid a weakening economic outlook due to stubbornly high inflation and higher borrowing costs, as well as a deepening energy crisis. Sentiment deteriorated among manufacturers (-1.2 vs -0.3 in September) and service providers (1.8 vs 4.4), while some improvement was seen in confidence among consumers (-27.6 vs -28.8), retailers (-6.9 vs -8.4), and constructors (2.6 vs 1.8). On the price front, the inflation expectations index dropped to 37.4 from 41.2 a month earlier, while the gauge for selling price expectations among manufacturers decreased to 45.4 from 49.1. Amongst the largest EA economies, the ESI fell in Germany (-1.0) and Italy (-0.9), while it remained essentially unchanged in the Netherlands (-0.3) and France (0.0) and improved in Spain (+1.4).
2022-10-28
Eurozone Economic Sentiment at 2-Year Low
The economic sentiment indicator in the Euro Area slumped 3.6 points from a month earlier to 93.7 in September 2022, the lowest level since November 2020 and below market expectations of 95.0, amid concerns over rising inflation and interest rates, as well as a weakening economic outlook and an intensifying energy crisis due to the war in Ukraine. There were declines in confidence among consumers (-28.8 vs -25.0 in August), retailers (-8.4 vs -6.5), service providers (4.9 vs 8.1), manufacturers (-0.4 vs 1.0), and constructors (1.6 vs 3.4). On the price front, the inflation expectations index rose to 41.3 from 37.0 a month earlier, while the gauge for selling price expectations among manufacturers increased to 50.3 from 44.6. Amongst the largest EA economies, the ESI fell markedly in Germany (-4.8 points), the Netherlands (-3.7 points), Italy (-3.7 points), France (-3.2 points) and, to a lesser extent, Spain (-1.0 points).
2022-09-29