The services confidence indicator in the Euro Area edged higher to 14 in May of 2022, the highest in three months from 13.6 in April. Figures compare with market forecasts of 14.3. While managers’ appraisals of the past business situation and past demand improved, their demand expectations clouded over. source: European Commission
Services Sentiment in the Euro Area averaged 9.54 from 1995 until 2022, reaching an all time high of 35 in June of 1998 and a record low of -51.30 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 June of 2022.
Services Sentiment in Euro Area is expected to be 11.00 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 12.00 in 2023 and 9.00 in 2024, according to our econometric models.