The services confidence indicator edged up 0.4 points from a month earlier to 18.4 in November 2021, easily beating market consensus of 16.6 and remaining close to July's 14-year high of 18.9. Managers’ views on both past and expected demand improved, while their assessment of the past business situation deteriorated compared to October. source: European Commission

Services Sentiment in the Euro Area averaged 9.43 from 1995 until 2021, reaching an all time high of 35 in June of 1998 and a record low of -43.50 in May of 2020. This page provides - Euro Area Services Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Services Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Services Sentiment in Euro Area is expected to be 15.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Services Sentiment is projected to trend around 19.00 in 2022 and 12.00 in 2023, according to our econometric models.

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Euro Area Services Sentiment


Calendar GMT Actual Previous Consensus TEForecast
2021-10-28 09:00 AM Oct 18.2 15.2 14
2021-11-29 10:00 AM Nov 18.4 18 16.6 16.8
2022-01-07 10:00 AM Dec


Related Last Previous Unit Reference
Business Confidence 1.80 1.75 points Nov/21
Capacity Utilization 82.10 82.90 percent Dec/21
Services Sentiment 18.40 18.00 Nov/21
Industrial Sentiment 14.10 14.20 Nov/21

News Stream
Eurozone Services Sentiment Improves in November
The services confidence indicator edged up 0.4 points from a month earlier to 18.4 in November 2021, easily beating market consensus of 16.6 and remaining close to July's 14-year high of 18.9. Managers’ views on both past and expected demand improved, while their assessment of the past business situation deteriorated compared to October.
2021-11-29
Eurozone Services Sentiment Rises in October
The services confidence indicator in the Euro Area rose by 3 points from a month earlier to 18.2 in October 2021, moving closer towards July's 14-year high of 18.9, thanks to managers’ improved assessments of all components entering the indicator, including past business situation, past demand and expected demand.
2021-10-28
Eurozone Services Sentiment Drops in September
The services confidence indicator in the Euro Area fell to 15.1 in September 2021, from 16.8 in the previous month and below market expectations of 16.5, due to managers’ lowered assessments of the past business situation and past demand, while their demand expectations picked up again.
2021-09-29

Euro Area Services Sentiment
In the Euro Area, Services Sentiment measures the confidence level among service providers and accounts for 30 percent of the Economic Sentiment Indicator.