Eurozone Economic Sentiment


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.

FocusEconomics Consensus Forecast panelists see private consumption growing 0.7% in 2015, which is unchanged from last month’s projection. For 2016, panelists see consumption expanding 1.1%. Panelists expect investment to grow 2.3% in 2015, which is up 0.1 percentage points from last month’s forecast. In 2016, panelists see investment increasing 2.9%.

Author:, Head of Data Solutions

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Eurozone Economic Sentiment Chart

Euro Economic Sentiment March 2015 0

Note: The Economic Sentiment Indicator (ESI) is based on surveys addressed to the manufacturing, services, retail trade and construction sectors, as well as to consumers. Values above 100 indicate an above-average economic sentiment, whereas values below 100 indicate a below-average position.
Source: European Commission

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