European Union Services Sentiment Indicator

Country:
European Union
EUR, Euro
Sector:
Business
Low -2.2 10.6
11.1
Last release Importance Actual Forecast
Previous
-33.5
-2.2
Next release Actual Forecast
Previous
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Services Sentiment Indicator reflects business sentiments in the service sector of the eurozone. The index is calculated monthly based on a survey of the largest service sector companies. The calculation is seasonally adjusted.

The sample size for the eurozone is about 18 thousand companies representing all sectors of the service industry in the eurozone. The number of companies per country is calculated in accordance with the contribution of a particular country to the economy of the euro area.

Managers are polled to answer questions about business sentiments over the past three months and to provide an outlook for business conditions, as well as expected output prices in the next quarter. The index is calculated as the arithmetic mean of summary balances of survey answers to the questions:

  • about business conditions for the last three months (whether they have improved, worsened or remain unchanged);
  • about a change in the demand for their services for the last three months (whether its has increased, decreased or has not changed);
  • about the expected demand for their services in the next three months (whether it is expected to grow, fall or stay at the same level).

Respondents are asked to provide a qualitative evaluation of the above variables, rather than qualitative ones.

Due to the generalized nature of the Services Sentiment Indicator, it reflects a relative picture of business conditions in the euro area. Economists consider it as one of the composite indicators of economic development. The indicator growth speaks of improvements in service sector conditions and is a leading indicator of economic development. Investors interpret the index growth as a signal to increase investment in appropriate companies.

Index changes usually have a weak and short-term effect on euro quotes. However, sharp movements of the index chart can be seen as a serious indicator of changing economic conditions.

Last values:

actual data

forecast

The chart of the entire available history of the "European Union Services 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
Mar 2020
-2.2
10.6
11.1
Feb 2020
11.2
10.8
11
Jan 2020
11
12.2
11.3
Dec 2019
11.4
9.6
9.2
Nov 2019
9.3
9
9
Oct 2019
9
8.8
9.5
Sep 2019
9.5
8.4
9.2
Aug 2019
9.3
10.8
10.6
Jul 2019
10.6
11.6
11
Jun 2019
11
12.3
12.1
May 2019
12.2
12.1
11.8
Apr 2019
11.5
12
11.5
Mar 2019
11.3
11.6
12.1
Feb 2019
12.1
10.7
11
Jan 2019
11
12.8
12.2
Dec 2018
12
13.6
13.4
Nov 2018
13.3
14.9
13.3
Oct 2018
13.6
15.3
14.7
Sep 2018
14.6
15.3
14.4
Aug 2018
14.7
15.2
15.3
Jul 2018
15.3
14.9
14.4
Jun 2018
14.4
15.9
14.4
May 2018
14.3
17.4
14.7
Apr 2018
14.9
17.4
15.9
Mar 2018
16.3
18.2
17.6
Feb 2018
17.5
17.9
16.8
Jan 2018
16.7
18.1
18
Dec 2017
18.4
16.8
16.4
Nov 2017
16.3
16.3
16.2
Oct 2017
16.2
15.7
15.4
Sep 2017
15.3
14.4
15.1
Aug 2017
14.9
13.8
14.2
Jul 2017
14.1
13.7
13.3
Jun 2017
13.4
13.7
12.8
May 2017
13
14.8
14.2
Apr 2017
14.2
12.8
Mar 2017
12.7
13.9
Feb 2017
13.8
12.8
Jan 2017
13.5
12.9
Dec 2016
12.9
12.2
Nov 2016
12.1
12.1
Oct 2016
12
10
Sep 2016
10
9.9
Aug 2016
10
11.2
Jul 2016
11.1
10.9
Jun 2016
10.8
11.3
May 2016
11.3
11.7
Apr 2016
11.5
9.6
Mar 2016
9.6
10.8
Feb 2016
10.6
11.5

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