The services confidence indicator in the Euro Area rose by 6.6 points from the previous month to 17.9 in June 2021, the highest level since August 2007 and above market expectations of 14.8. Managers expressed increasingly upbeat views on the past business situation and past demand, and were more optimistic on demand expectations. source: European Commission

Services Sentiment in the Euro Area averaged 9.30 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 July of 2021.

Services Sentiment in Euro Area is expected to be 14.50 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Sentiment in Euro Area to stand at 15.00 in 12 months time. In the long-term, the Euro Area Services Sentiment is projected to trend around 25.00 in 2022 and 12.00 in 2023, according to our econometric models.

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Euro Area Services Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
17.90 11.30 35.00 -43.50 1995 - 2021 Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-30 09:00 AM Mar -9.3 -17 -14.4 -14
2021-04-29 09:00 AM Apr 2.1 -9.6 -8.7 -7
2021-05-28 09:00 AM May 11.3 2.2 7.5 5.1
2021-06-29 09:00 AM Jun 17.9 11.3 14.8 14.5
2021-07-29 09:00 AM Jul 17.9 19.9 19.1
2021-08-30 09:00 AM Aug
2021-09-29 09:00 AM Sep
2021-10-28 10:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Eurozone Services Sentiment Rises to Near 14-Year High
The services confidence indicator in the Euro Area rose by 6.6 points from the previous month to 17.9 in June 2021, the highest level since August 2007 and above market expectations of 14.8. Managers expressed increasingly upbeat views on the past business situation and past demand, and were more optimistic on demand expectations.
2021-06-29
Euro Area Services Sentiment Back to Pre-Pandemic Levels
The Services Confidence in the Euro Area jumped to 11.3 May of 2021 from 2.2 in April and well above market forecasts of 7.5. It is the strongest reading since December of 2019, staying above the long-term average of 9.3 for the first time since February of 2020. Managers expressed more positive views on the past business situation and past demand, and were more optimistic on demand expectations.
2021-05-28
Euro Area Services Confidence Turns Positive
The services confidence indicator in the Euro Area rose to 2.1 in April 2021, the highest level since February 2020, driven by managers’ more optimistic demand expectations, as well as more positive views on the past business situation and past demand.
2021-04-29
Eurozone Services Sentiment Strongest in Almost a Year
The services confidence indicator in the Euro Area climbed 7.7 points from the previous month to -9.3 in March 2021, its highest level since April last year and above market expectations of -14.4. It was the first sharp pick-up in morale since September 2020, driven by managers’ much more optimistic demand expectations and, to a lesser extent, more positive views on the past business situation and past demand.
2021-03-30

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.