The economic sentiment indicator (ESI) in the Euro Area was little changed at 105 in May of 2022 from a downwardly revised 104.9 in April and compared to market expectations of 104.9. General confidence remains at levels not seen in a year as high inflation and the ongoing war in Ukraine continue to weigh. Sentiment worsened among industrials (6.3 vs 7.7) and retailers (-4 vs -3.9) but improved among service providers (14 vs 13.6), constructors (7.2 vs 7) and consumers (-21.1 vs -22). Meanwhile, the economic uncertainty index (EUI) declined to 23.4 from 26.5 and the employment expectations indicator (EEI) edged higher to 112.9 from 112.6. Also, consumer inflation expectations, which reached an all-time high in March, continued to decline to 45.6 in May from 50 in April and were also lower among manufacturers at 56.1, down from a record high of 60 in April. source: European Commission
Economic Optimism Index in the Euro Area averaged 99.94 from 1985 until 2022, reaching an all time high of 117.70 in July of 2021 and a record low of 61 in April of 2020. This page provides - Euro Area Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Economic Sentiment Indicator - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Economic Optimism Index in Euro Area is expected to be 109.50 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 104.00 in 2023 and 101.50 in 2024, according to our econometric models.