The industry confidence indicator in the Euro Area rose 5.8 points from the previous month to -21.7 in June 2020, below market expectations of -20.0, boosted by an improvement in production expectations, which were almost back to their February level. Yet, appraisals of the adequacy of stocks of finished products continued deteriorating, while they remained broadly unchanged in respect of the current level of overall order books.
Industrial Sentiment in the Euro Area averaged -5.24 from 1985 until 2020, reaching an all time high of 10.30 in January of 2018 and a record low of -37.60 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 - values, historical data and charts - was last updated on July of 2020. source: European Commission
Industrial Sentiment in Euro Area is expected to be -19.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Sentiment in Euro Area to stand at -8.00 in 12 months time. In the long-term, the Euro Area Industrial Sentiment is projected to trend around -14.00 in 2021 and -10.00 in 2022, according to our econometric models.