Eurozone: Economic sentiment hits highest level since July 2011
March 30, 2015
The Economic Sentiment Index (ESI) elaborated by the European Commission rose from a revised 102.3 points in February (previously reported: 102.1 points) to 103.9 points in March. The reading, which was on par with market expectations, represented the highest level since July 2011 and continued to hover above the 100-point long-term average.
March’s improvement was broad based, with consumer sentiment, industry and services showing the largest gains. At a country level, high economic sentiment was registered in Malta and Slovenia and Lithuania. At the other side of the spectrum, Austria, Finland and Luxembourg were the worst performers. Among the four largest economies, all countries registered higher sentiment.
Author: Armando Ciccarelli, Head of Data Solutions