Economic Sentiment Indicator (ESI) is calculated monthly based on the five survey market confidence indices: industrial, service, consumer, construction and retail confidence indices (indices are listed in descending order of weights in ESI calculation).
The indicator is used to evaluate the current euro area economy and forecast its further development.
The chart of the entire available history of the "European Union Economic Sentiment Indicator" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.