The economic sentiment indicator in the Euro Area increased to a three-month high of 96.3 in March 2024, marking an uptick from February's revised figure of 95.5 and aligning with market expectations. Notably, the gauge measuring confidence among manufacturers soared to -8.8, reaching its highest level since September 2023, while consumer confidence surged to -14.9, hitting its strongest point since February 2022. Moreover, sentiment has also improved among service providers (6.3 vs 6.0 in February) and retailers (-5.7 vs -6.6), while that among constructors was little changed (-5.6 vs -5.5). On the pricing front, the consumer inflation expectations index decreased by 3.1 points to 12.3, while the gauge for selling price expectations among manufacturers rose by 1.7 points to 5.6. Among the largest economies in the bloc, the ESI improved in France (+2.6), Italy (+1.5) and Germany (+0.9), while it deteriorated in the Netherlands (-0.7) and Spain (-0.4). source: European Commission

Economic Optimism Index In the Euro Area increased to 96.30 points in March from 95.50 points in February of 2024. Economic Optimism Index in Euro Area averaged 99.82 points from 1985 until 2024, reaching an all time high of 119.50 points in October of 2021 and a record low of 58.70 points 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 March of 2024.

Economic Optimism Index In the Euro Area increased to 96.30 points in March from 95.50 points in February of 2024. Economic Optimism Index in Euro Area is expected to be 96.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 101.00 points in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-28 10:00 AM
Economic Sentiment
Feb 95.4 96.1 96.7 96.8
2024-03-27 10:00 AM
Economic Sentiment
Mar 96.3 95.5 96.3 96
2024-04-29 09:00 AM
Economic Sentiment
Apr 96.3 97


Related Last Previous Unit Reference
Consumer Confidence Flash -14.90 -15.50 points Mar 2024
Consumer Inflation Expectations 12.30 15.40 points Mar 2024
Economic Sentiment 96.30 95.50 points Mar 2024
Retail Sales MoM 0.10 -0.60 percent Jan 2024
Retail Sales YoY -1.00 -0.50 percent Jan 2024

Euro Area Economic Sentiment Indicator
In the Euro Area, the Economic sentiment indicator is a composite measure (average=100) that calculates the confidence level among: manufacturers (40 percent of the index); service providers (30 percent); consumers (20 percent); retailers (5 percent) and constructors (5 percent).
Actual Previous Highest Lowest Dates Unit Frequency
96.30 95.50 119.50 58.70 1985 - 2024 points Monthly
SA

News Stream
Eurozone Economic Sentiment Improves in March
The economic sentiment indicator in the Euro Area increased to a three-month high of 96.3 in March 2024, marking an uptick from February's revised figure of 95.5 and aligning with market expectations. Notably, the gauge measuring confidence among manufacturers soared to -8.8, reaching its highest level since September 2023, while consumer confidence surged to -14.9, hitting its strongest point since February 2022. Moreover, sentiment has also improved among service providers (6.3 vs 6.0 in February) and retailers (-5.7 vs -6.6), while that among constructors was little changed (-5.6 vs -5.5). On the pricing front, the consumer inflation expectations index decreased by 3.1 points to 12.3, while the gauge for selling price expectations among manufacturers rose by 1.7 points to 5.6. Among the largest economies in the bloc, the ESI improved in France (+2.6), Italy (+1.5) and Germany (+0.9), while it deteriorated in the Netherlands (-0.7) and Spain (-0.4).
2024-03-27
Eurozone Economic Sentiment Unexpectedly Weakens
The economic sentiment indicator in the Euro Area declined to 95.4 in February 2024, down from January's revised figure of 96.1 and falling short of market expectations of 96.7. Sentiment remained subdued as businesses grappled with still-high inflation, rising borrowing costs, and weak external demand. Confidence deteriorated among manufacturers (-9.5 vs -9.3 in January), service providers (6.0 vs 8.4), retailers (-6.7 vs -5.6), and constructors (-5.4 vs -4.6), but improved slightly among consumers (-15.5 vs -16.1). On the pricing front, the consumer inflation expectations index increased by 3.5 points to 15.5 in February, while the gauge for selling price expectations among manufacturers fell by 0.6 points to 3.8. Among the largest economies in the bloc, the ESI deteriorated in Italy (-1.6), Germany (-0.6), France (-0.3), and Spain (-0.2), while it improved strongly in the Netherlands (+1.7).
2024-02-28
Eurozone Economic Sentiment Weakens Slightly
The economic sentiment indicator in the Euro Area declined to 96.2 in January 2024, aligning with market expectations and down from December's seven-month high of 96.3. Sentiment witnessed a downturn among consumers (-16.1 vs -15.1 in December), retailers (-5.6 vs -5.4), and constructors (-4.3 vs -3.4), while it continued to improve among manufacturers (-9.4 vs -9.6) and service providers (8.8 vs 8.4). On the pricing front, the consumer inflation expectations index increased by 1.4 points to 11.9 in January, while the gauge for selling price expectations among manufacturers rose by 1.0 point to an eight-month high of 4.6. Among the largest economies in the bloc, the ESI notably worsened in Germany (-2.2), while it improved in Italy (+3.8), France (+2.4), the Netherlands (+1.9), and Spain (+1.4).
2024-01-30