The Economic Sentiment Indicator (ESI) published by the European Commission fell to 90.6 points in May, down from a revised 92.9 points in April (previously reported: 92.8 points). The reading marked a second consecutive drop in the index and came in below market expectations, which had sentiment easing to 92.0 points. Currently, the index sits at its lowest level since October 2009 and remains well below its long-term average of 100 points, suggesting deteriorating prospects for the Eurozone economy going forward. The decline was driven by worse results in four out of the five main categories, with the largest drop experienced in the retail sector, followed by the construction sector. In contrast, consumer sentiment improved compared to the previous month. At a country level, the largest declines were seen in Cyprus (-5.2 points) and Italy (-4.3 points). Sentiment also deteriorated in all the remaining major economies in the region, with France marking the largest drop (-1.5 points) followed by Germany (-1.4 points), which, nevertheless, still boasts the highest confidence level in the region, along with Estonia (101.9 points). Finally, sentiment dropped by 1.0 point in Spain.
Eurozone Economic Sentiment
Economic sentiment drops in May
May 30, 2012
Looking for forecasts related to Economic Sentiment in Eurozone? Download a sample report now.
Eurozone Economic News
October 20, 2016
The European Central Bank (ECB) decided to stay the course and made no changes to its monetary policy at its 20 October meeting, matching market expectations.
October 17, 2016
Complete data released by Eurostat on 17 October confirmed that harmonized inflation was 0.4% in September, above August’s 0.2% and the highest reading seen since June 2014.
October 12, 2016
The industrial sector in the common-currency bloc grew in August after contracting in July.
September 30, 2016
Inflation rose to an almost two-year high in September, providing some evidence that the European Central Bank’s monetary stimulus is bearing fruit.
September 30, 2016
Conditions in the labor market in the common-currency bloc remained broadly unchanged in August, according to recently released data by Eurostat.