The industry confidence indicator in the Euro Area fell to -5.2 in May 2023 from a revised -2.8 in the preceding month, worse than market forecasts of -4.0. Morale among manufacturers hit the lowest level since November 2020, as firms' production expectations and their assessments of the current level of overall order books deteriorated and the stocks of finished products were increasingly assessed as too large/above normal. Of the questions not entering the confidence indicator, managers’ assessments of past production, which had held up well in recent months, saw the sharpest deterioration since the outbreak of the pandemic. Appraisals of export order books also deteriorated significantly. source: European Commission

Industrial Sentiment in Euro Area averaged -4.58 points from 1985 until 2023, reaching an all time high of 14.60 points in October of 2021 and a record low of -37.20 points in April of 2020. 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 June of 2023.

Industrial Sentiment in Euro Area is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Euro Area Industrial Sentiment



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 09:00 AM Apr -2.6 -0.5 0.1 0.2
2023-05-30 09:00 AM May -5.2 -2.8 -4 -3.0
2023-06-29 09:00 AM Jun -5.2 -6


Related Last Previous Unit Reference
Business Confidence 0.19 0.51 points May 2023
Capacity Utilization 81.20 81.30 percent Jun 2023
Services Sentiment 7.00 9.90 points May 2023
Industrial Sentiment -5.20 -2.80 points May 2023

Euro Area Industrial Sentiment
In the Euro Area, Industrial Sentiment measures the confidence level among manufacturers and accounts for 40 percent of the Economic Sentiment Indicator.
Actual Previous Highest Lowest Dates Unit Frequency
-5.20 -2.80 14.60 -37.20 1985 - 2023 points Monthly
SA

News Stream
Eurozone Industry Confidence Hits 2-1/2-Year Low
The industry confidence indicator in the Euro Area fell to -5.2 in May 2023 from a revised -2.8 in the preceding month, worse than market forecasts of -4.0. Morale among manufacturers hit the lowest level since November 2020, as firms' production expectations and their assessments of the current level of overall order books deteriorated and the stocks of finished products were increasingly assessed as too large/above normal. Of the questions not entering the confidence indicator, managers’ assessments of past production, which had held up well in recent months, saw the sharpest deterioration since the outbreak of the pandemic. Appraisals of export order books also deteriorated significantly.
2023-05-30
Eurozone Industry Confidence Falls to Over 2-Year Low
The industry confidence indicator dropped to -2.6 in April 2023 from a downwardly revised -0.5 the month before and well below market expectations of 0.1. Morale among manufacturers hit the lowest level since January 2021, weakening for a third consecutive month, as managers’ production expectations and their assessments of the current level of overall order books deteriorated and the stocks of finished products were increasingly assessed as well above normal. Of the questions not entering the confidence indicator, managers were more positive about developments in past production, whereas their assessments of export order books edged down.
2023-04-27
Eurozone Industrial Sentiment Falls in March
The industry confidence indicator in the Euro Area fell to -0.2 in March 2023, down from a revised 0.4 in the previous month and below market expectations of 0.2. Sentiment hit its lowest level since December 2022, due to a further setback in managers’ production expectations and to a slight deterioration in their assessments of the current level of overall order books. Meanwhile, their assessments of stocks of finished products remained broadly stable. Of the questions not entering the confidence indicator, firms’ appraisals of past production also dipped, while their assessment of their export order books edged up.
2023-03-30