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.