Euro Area: Economic sentiment improves in December

Euro Area Economic Sentiment December 2022

Euro Area: Economic sentiment improves in December

Sentiment in the Eurozone rose to 95.8 in December from 94.0 in November. However, the index remained entrenched below its long-run average of 100, signaling persistent pessimism.

Sentiment in the industry, services, retail sales and construction sectors improved. Additionally, consumer sentiment recovered further ground, while selling price expectations eased in all sectors. However, employment expectations lost some ground.

In terms of specific countries, sentiment improved in Germany, Italy, the Netherlands and Spain, while it worsened in France.

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