Euro Area: Economic sentiment weakens in February

Euro Area Economic Sentiment February 2024

Euro Area: Economic sentiment weakens in February

Sentiment in the Eurozone fell to 95.4 in February from 96.3 in January. Consequently, the index remained below its long-run average of 100, signaling persistent pessimism.

Sentiment in the construction, industrial, retail and services sectors weakened. Conversely, consumer confidence strengthened. Conversely, selling price expectations decreased across the board. Lastly, employment expectations remained unchanged.

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

Commenting on the economic outlook, ING’s Bert Colijn stated:

“There is little indication of a rebound in economic activity and green shoots are few and far between at this point. We expect growth to cautiously pick up towards the summer.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest