The economic sentiment indicator in the Euro Area rose by 5.3 points from the previous month to 87.7 in August 2020, moving further away from an 11-year low hit in April but remaining well below pre-pandemic levels. By sector, morale improved among service providers (-17.2 vs -26.2 in July), retailers (-10.5 vs -15.1), manufacturers (-12.7 vs -16.2) and consumers (-14.7 vs -15.0), but deteriorated among constructors (-11.8 vs -11.4).

Economic Optimism Index in the Euro Area averaged 99.55 from 1985 until 2020, reaching an all time high of 118.60 in May of 2000 and a record low of 64.90 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 September of 2020. source: European Commission

Economic Optimism Index in Euro Area is expected to be 85.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Optimism Index in Euro Area to stand at 94.00 in 12 months time. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 98.00 in 2021 and 101.00 in 2022, according to our econometric models.

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Euro Area Economic Sentiment Indicator

Actual Previous Highest Lowest Dates Unit Frequency
87.70 82.40 118.60 64.90 1985 - 2020 Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-28 09:00 AM May 67.5 64.9 70.3 72
2020-06-29 09:00 AM Jun 75.7 67.5 80 79.1
2020-07-30 09:00 AM Jul 82.3 75.8 81 79.5
2020-08-28 09:00 AM Aug 87.7 82.4 85 85.5
2020-09-29 09:00 AM Sep 87.7 89.5 88.5
2020-10-29 10:00 AM Oct
2020-11-27 10:00 AM Nov


News Stream
Eurozone Economic Sentiment Improves in August
The economic sentiment indicator in the Euro Area rose by 5.3 points from the previous month to 87.7 in August 2020, moving further away from an 11-year low hit in April but remaining well below pre-pandemic levels. By sector, morale improved among service providers (-17.2 vs -26.2 in July), retailers (-10.5 vs -15.1), manufacturers (-12.7 vs -16.2) and consumers (-14.7 vs -15.0), but deteriorated among constructors (-11.8 vs -11.4).
2020-08-28
Eurozone Economic Sentiment Remains Weak
The economic sentiment indicator in the Euro Area rose by 6.5 points from the previous month to 82.3 in July 2020, moving further away from an 11-year low hit in April but remaining well below the February's pre-pandemic level. Several countries across the region were forced to re-impose coronavirus-induced restrictions amid a second wave of infections. By sector, morale improved among service providers (-26.1 vs -35.5 in June), retailers (-15.3 vs -19.4) and manufacturers (-16.2 vs -21.6), but deteriorated among constructors (-12.6 vs -11.6) and consumers (-15.0 vs -14.7).
2020-07-30
Eurozone Economic Sentiment Improves in June
The economic sentiment indicator in the Euro Area rose by 8.2 points from the previous month to 75.7 in June 2020, well below market expectations of 80.0. Still, the index recovered further from a 11-year low hit in April as countries across the region continued to reopen their economies following weeks of lockdown. Industry expectations about demand surged to levels seen in the months before the crisis while employment expectations improved in both industry and services recently. By sector, morale improved among service providers (-35.6 vs -43.6 in May), retailers (-19.4 vs -29.8), manufacturers (-21.7 vs -27.5), constructors (-12.4 vs -17.3) and consumers (-14.7 vs -18.8).
2020-06-29
Eurozone Economic Sentiment Remains Weak
The economic sentiment indicator in the Euro Area rose to 67.5 in May 2020 from a downwardly revised record low of 64.9 in the previous month but below market expectations of 70.3. Morale improved among manufacturers (-27.5 vs -32.5 in April), retailers (-29.7 vs -30.1) and consumers (-18.8 vs -22). In contrast, sentiment among service providers hit a record low (-43.6 vs -38.6) and among constructors deteriorated (-17.4 vs -16.1). Amongst the bloc's largest economies, the ESI edged up in the Netherlands (+3.5), Germany (+3.2) and Spain (+1.6), while it went broadly sideways in France (-0.3).
2020-05-28

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).