The Euro Area Economic Sentiment Indicator (ESI) fell sharply yo 93.7 in December 2024, the lowest level since November 2020, compared to 95.8 in November and worse than forecasts of 95.6. Confidence worsened among industrials (-14.1 vs -11.4), retailers (-14.5 vs -13.8), constructors (-5.2 vs -4.9) and consumers (-14.5 vs -13.8) but improved among service providers (5.9 vs 5.3). Among the largest EU economies, the ESI declined markedly in France (93.5 vs 96.5), Germany (86.1 vs 88.6), and Italy (98.2 vs 99.3), while it improved in Spain (102.9 vs 102). source: European Commission

Economic Optimism Index In the Euro Area decreased to 93.70 points in December from 95.80 points in November of 2024. Economic Optimism Index in Euro Area averaged 99.75 points from 1985 until 2024, reaching an all time high of 119.50 points in October of 2021 and a record low of 58.80 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 January of 2025.

Economic Optimism Index In the Euro Area decreased to 93.70 points in December from 95.80 points in November of 2024. Economic Optimism Index in Euro Area is expected to be 98.20 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 100.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-28 10:00 AM
Economic Sentiment
Nov 95.8 95.7 95.1 95.4
2025-01-08 10:00 AM
Economic Sentiment
Dec 93.7 95.8 95.6 95.5
2025-01-30 10:00 AM
Economic Sentiment
Jan 93.7

Components Last Previous Unit Reference
Consumer Confidence -14.50 -13.70 points Dec 2024
Consumer Inflation Expectations 21.00 17.80 points Dec 2024
Industrial Sentiment -14.10 -11.40 points Dec 2024
Selling Price Expectations 7.60 7.10 points Dec 2024
Services Sentiment 5.90 5.30 points Dec 2024

Related Last Previous Unit Reference
Business Confidence -0.91 -0.78 points Dec 2024
Economic Sentiment 93.70 95.80 points Dec 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
93.70 95.80 119.50 58.80 1985 - 2024 points Monthly
SA


News Stream
Euro Area Economic Sentiment Lowest Since 2020
The Euro Area Economic Sentiment Indicator (ESI) fell sharply yo 93.7 in December 2024, the lowest level since November 2020, compared to 95.8 in November and worse than forecasts of 95.6. Confidence worsened among industrials (-14.1 vs -11.4), retailers (-14.5 vs -13.8), constructors (-5.2 vs -4.9) and consumers (-14.5 vs -13.8) but improved among service providers (5.9 vs 5.3). Among the largest EU economies, the ESI declined markedly in France (93.5 vs 96.5), Germany (86.1 vs 88.6), and Italy (98.2 vs 99.3), while it improved in Spain (102.9 vs 102).
2025-01-08
Euro Area Economic Sentiment Recovers Slightly in November
The Euro Area Economic Sentiment Indicator (ESI) increased by 0.1 points to 95.8 in November 2024, above market expectations of 95.1. Higher confidence in the industry (-11.1 vs -12.6) and retail trade (-4.4 vs -7.7) was offset by lower confidence in services (5.3 vs 6.8) and among consumers (-13.7 vs -12.5). Confidence in construction was unchanged (at 4.8). Amongst the largest EU economies, the ESI improved in France (+3.0), Spain (2.1), the Netherlands (+1.5) and Poland (+0.7), while it eased in Germany (-1.3) and, to a lesser extent, in Italy (-0.3).
2024-11-28
Eurozone Economic Sentiment Falls to 8-Month Low
The economic sentiment indicator (ESI) in the Euro Area edged lower to 95.6 in October of 2024 from the upwardly revised 96.3 in the previous month, the lowest since February and missing market expectations that it would hold at 96.3. The decline was largely due to increased pessimism in industry (-13 vs -11 in September), the most in over two years, amid declines in both production and order book levels. In the meantime, the survey pointed to a rebound in consumer inflation expectations (13.3 vs 11), rebounding to its highest since February, potentially jeopardizing the progress in disinflation from the ECB’s tightening cycle. On the other hand, positive trends were picked up by stronger-than-expected results for the services sector (7.1 vs 7.1).
2024-10-30