The index measuring services confidence in the Euro Area rebounded to 2.2 from the upwardly revised, five-year low of 1.4 in the previous month, ahead of the market consensus that it would fall further to 0.2. Still, it was the second lowest reading in the five-year period, underscoring the impact of high energy prices faced by firms due to the halt of oil and gas supply from the Middle East. The current assessment of business situations eased its pessimism (-0.9 vs -2.4 in April), and the expected drop in employment also eased (-1.8 vs -4.9). Still, the evolution of demand worsened (2.6 vs 3.2). Signs energy prices may have already peaked supported the evolution of demand expected in the upcoming three months (4.9 vs 3.4), consistent with a drop in selling price expectations (16.2 vs 17.3). source: European Commission
Services Sentiment In the Euro Area increased to 2.20 points in May from 1.40 points in April of 2026. Services Sentiment in Euro Area averaged 9.10 points from 1995 until 2026, reaching an all time high of 35.70 points in March of 2000 and a record low of -51.70 points 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 May of 2026.
Services Sentiment In the Euro Area increased to 2.20 points in May from 1.40 points in April of 2026. Services Sentiment in Euro Area is expected to be -1.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Services Sentiment is projected to trend around 1.00 points in 2027 and 4.00 points in 2028, according to our econometric models.