Services Sentiment Indicator reflects business sentiments in the service sector. The indicator is calculated monthly based on the survey of companies in the sector about the current and expected demand for services and the business environment. Season fluctuations are considered in the calculations.
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.