European Union Economic Sentiment Indicator

Country:
European Union
EUR, Euro
Sector:
Business
Low 93.4 90.8
91.5
Last release Importance Actual Forecast
Previous
92.3
93.4
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

The Economic Sentiment Indicator is calculated monthly based on five market confidence indices, which are: the Industrial Confidence Indicator (40%), the Service Confidence Indicator (30%), the Consumer Confidence Indicator (20%), the Construction Confidence Indicator (5%) and Retail Trade Confidence Indicator (5%). The weights of the indices in the resulting calculation are determined in accordance with two criteria: the representativeness of the sector and its share in the GDP calculation.

All components of the indicator are calculated based on factor analysis involving surveys among the leading industry representatives. The sample size for the eurozone is about 55 thousand companies representing all sectors of the manufacturing industry and 24 thousand households in the eurozone. The number of companies and households per country is selected in accordance with the contribution of a particular country to the economy of the euro area.

Companies evaluate current business conditions (number of orders, production output, inventories, consumer activity) and provide an outlook for the next three months. Interviewed households evaluate their personal financial conditions, the possibility of savings, employment and the overall situation in the economy of the eurozone (country).

The index is seasonally adjusted. Respondents are asked to provide a qualitative evaluation of the above variables (whether situation has improved, deteriorated or remained unchanged).

The indicator is used to evaluate the current euro area economy and forecast its further development. The growth of the Economic Sentiment Indicator points to an improvement in the situation both at the industry level and at the consumer level. This may lead to a short-term growth in euro quotes.

Last values:

actual data

forecast

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.

Date (GMT)
Reference
Actual
Forecast
Previous
Feb 2021
93.4
90.8
91.5
Jan 2021
91.5
88.8
92.4
Dec 2020
90.4
89.1
87.7
Nov 2020
87.6
90.8
91.1
Oct 2020
90.9
89.2
90.9
Sep 2020
91.1
84.8
87.5
Aug 2020
87.7
78.8
82.4
Jul 2020
82.3
77.1
75.8
Jun 2020
75.7
171.6
67.5
May 2020
67.5
11.0
64.9
Apr 2020
67.0
86.7
94.2
Mar 2020
94.5
104.1
103.4
Feb 2020
103.5
103.9
102.6
Jan 2020
102.8
102.2
101.3
Dec 2019
101.5
100.7
101.2
Nov 2019
101.3
100.0
100.8
Oct 2019
100.8
101.7
101.7
Sep 2019
101.7
102.7
103.1
Aug 2019
103.1
102.2
102.7
Jul 2019
102.7
103.6
103.3
Jun 2019
103.3
104.5
105.2
May 2019
105.1
103.3
103.9
Apr 2019
104.0
105.7
105.6
Mar 2019
105.5
105.5
106.2
Feb 2019
106.1
104.7
106.3
Jan 2019
106.2
106.4
107.4
Dec 2018
107.3
108.8
109.5
Nov 2018
109.5
110.8
109.7
Oct 2018
109.8
111.5
110.9
Sep 2018
110.9
111.5
111.6
Aug 2018
111.6
111.5
112.1
Jul 2018
112.1
112.5
112.3
Jun 2018
112.3
112.1
112.5
May 2018
112.5
111.4
112.7
Apr 2018
112.7
111.4
112.7
Mar 2018
112.6
113.2
114.2
Feb 2018
114.1
114.7
114.9
Jan 2018
114.7
117.1
115.3
Dec 2017
116.0
114.7
114.6
Nov 2017
114.6
115.0
114.1
Oct 2017
114.0
113.9
113.1
Sep 2017
113.0
112.1
111.9
Aug 2017
111.9
112.3
111.3
Jul 2017
111.2
111.6
111.1
Jun 2017
111.1
110.0
109.2
May 2017
109.2
109.6
109.7
Apr 2017
109.6
108.0
Mar 2017
107.9
108.0
Feb 2017
108.0
108.2
Jan 2017
108.2
107.8

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Date format

Your embed code

Copy widget codeCopied

Preview