The Eurozone economic sentiment indicator increased to 101.0 in March 2021, its highest since February 2020 and well above market expectations of 96.0. Sentiment bounced back to pre-pandemic levels, amid improving confidence among manufacturers (2.0 vs -3.1 in February), service providers (-9.3 vs -17.0), consumers (-10.8 vs -14.8), traders (-12.2 vs -19.1), and constructors (-2.7 vs -7.5). Amongst the largest Eurozone economies, Germany stood out with the largest monthly improvement of its ESI on record (+7.9), followed by increases in Spain (+6.2), France (+5.4), Italy (+4.9), and the Netherlands (+4.4). source: European Commission
Economic Optimism Index in the Euro Area averaged 99.91 from 1985 until 2021, reaching an all time high of 118.30 in May of 2000 and a record low of 67.60 in March of 2009. 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 April of 2021.
Economic Optimism Index in Euro Area is expected to be 96.30 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 104.00 in 12 months time. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 107.00 in 2022 and 102.00 in 2023, according to our econometric models.