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.