The industry confidence indicator in the Euro Area declined for a ninth consecutive month to -2.0 in November 2022, the lowest since January 2021 and worse than market expectations of -0.5. Manufacturers' assessments of the current level of overall order books kept deteriorating and the stocks of finished products continued piling up. Meanwhile, production expectations improved for the second month in a row. Of the questions not entering the confidence indicator, managers’ appraisals of past production and export order books deteriorated further. source: European Commission
Industrial Sentiment in Euro Area averaged -4.64 points from 1985 until 2022, reaching an all time high of 14.10 points in October of 2021 and a record low of -36.80 points 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 December of 2022.
Industrial Sentiment in Euro Area is expected to be -3.60 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Industrial Sentiment is projected to trend around 5.00 in 2023 and 4.50 in 2024, according to our econometric models.