The Eurozone Economic Sentiment Indicator (ESI) fell to 98.3 in February 2026, down from a three-year high of 99.3 in January and below market expectations of 99.8. Sentiment weakened among service providers (5.0 vs 6.8), manufacturers (-7.1 vs -6.8), and construction firms (-2.1 vs -1.3). Consumer confidence (-12.2 vs -12.4) and retailer sentiment (-4.5 vs -5.7) showed modest improvement. Among major economies, the ESI declined sharply in France (-2.8), followed by Italy (-0.6), while remaining broadly stable in Spain (±0.0), Germany (-0.2), and Netherlands (-0.2). On the pricing front, consumer inflation expectations rose 1.6 points to 25.8, while manufacturers’ selling price expectations increased 1.2 points to 11.5, highlighting ongoing inflationary pressures. source: European Commission

Economic Optimism Index In the Euro Area decreased to 98.30 points in February from 99.30 points in January of 2026. Economic Optimism Index in Euro Area averaged 99.98 points from 1985 until 2026, reaching an all time high of 119.90 points in October of 2021 and a record low of 57.70 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 March of 2026.

Economic Optimism Index In the Euro Area decreased to 98.30 points in February from 99.30 points in January of 2026. Economic Optimism Index in Euro Area is expected to be 96.00 points 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 99.00 points in 2027 and 101.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-29 10:00 AM
Economic Sentiment
Jan 99.4 97.2 97 97.5
2026-02-26 10:00 AM
Economic Sentiment
Feb 98.3 99.3 99.8 99.5
2026-03-30 09:00 AM
Economic Sentiment
Mar 98.3 96

Components Last Previous Unit Reference
Consumer Confidence -12.20 -12.40 points Feb 2026
Consumer Inflation Expectations 25.80 24.20 points Feb 2026
Industrial Sentiment -7.10 -6.80 points Feb 2026
Selling Price Expectations 11.50 10.30 points Feb 2026
Services Sentiment 5.00 6.80 points Feb 2026

Related Last Previous Unit Reference
Business Confidence -0.36 -0.38 points Feb 2026
Economic Sentiment 98.30 99.30 points Feb 2026


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
98.30 99.30 119.90 57.70 1985 - 2026 points Monthly
SA

News Stream
Eurozone Economic Sentiment Slips in February
The Eurozone Economic Sentiment Indicator (ESI) fell to 98.3 in February 2026, down from a three-year high of 99.3 in January and below market expectations of 99.8. Sentiment weakened among service providers (5.0 vs 6.8), manufacturers (-7.1 vs -6.8), and construction firms (-2.1 vs -1.3). Consumer confidence (-12.2 vs -12.4) and retailer sentiment (-4.5 vs -5.7) showed modest improvement. Among major economies, the ESI declined sharply in France (-2.8), followed by Italy (-0.6), while remaining broadly stable in Spain (±0.0), Germany (-0.2), and Netherlands (-0.2). On the pricing front, consumer inflation expectations rose 1.6 points to 25.8, while manufacturers’ selling price expectations increased 1.2 points to 11.5, highlighting ongoing inflationary pressures.
2026-02-26
Eurozone Economic Sentiment Hits 3-Year High
The Eurozone Economic Sentiment Indicator (ESI) climbed to 99.4 in January 2026, up 2.2 points from a revised 97.2 in December and well above market expectations of 97.0, marking its highest level since January 2023. Sentiment among service providers rose to 7.2, the strongest since January 2024, while manufacturers’ confidence improved to -6.8, the best reading since May 2023. Consumer confidence also strengthened, reaching -12.4, its highest since February 2025. On the pricing front, consumer inflation expectations eased 2.6 points to 24.1, and manufacturers’ selling price expectations fell 0.8 points to 10. Among the bloc’s largest economies, the ESI rose in France (+5.8), Germany (+3.0), the Netherlands (+2.3), Spain (+1.7), and Italy (+1.3).
2026-01-29
Eurozone Economic Sentiment Eases in December
The Eurozone Economic Sentiment Indicator (ESI) edged down to 96.7 in December 2025 from a 31-month high of 97.1 in November, coming in slightly below market expectations of 97 and remaining under its long-term average. Confidence weakened among service providers (5.6 vs. 5.8), retailers (-6.9 vs. -5.7), and consumers (-13.1 vs. -12.8). In contrast, sentiment improved modestly in manufacturing (-9.0 vs. -9.3) and construction (-1.3 vs. -1.6). Inflation expectations showed renewed upward pressure. The consumer inflation expectations index rose by 2.4 points to 26.7, while manufacturers’ selling price expectations increased by 1 point to 10.9. Among the euro area’s largest economies, sentiment declined in Germany (-1.1), France (-0.9), Italy (-0.6), and Spain (-0.5), while the Netherlands was the sole major economy to record an improvement (+0.5).
2026-01-08