Eurozone Economic Sentiment April 2016

Eurozone

Eurozone: Economic sentiment rises in April

April 28, 2016

Economic sentiment in the Eurozone rose in April, reversing March’s loss. According to the European Commission (EC), the economic sentiment index (ESI) increased from 103.0 in March to 103.9 in April. The result overshot the 103.4 market analysts had expected. March’s reading had marked the lowest level since February 2015.

Looking at the sectors of the economy, economic sentiment rose almost across-the-board and hit a three-month high in both industry and services. However, sentiment waned in retail trade. Meanwhile, economic sentiment among consumers rose from the previous month’s 15-month low.

At a country level, an increase in economic sentiment was registered in the majority of the economies in the common-currency bloc. Notable rises in sentiment were tallied in Cyprus, Luxembourg and Slovenia. Among the major economies surveyed, sentiment rose in Germany and Italy but deteriorated in France and Spain.

FocusEconomics Consensus Forecast panelists see private consumption growing 1.5% in 2016, which is down 0.1 percentage points from last month’s projection. For 2017, panelists also see consumption expanding 1.6%. Panelists expect investment to grow 2.5% in 2016, which is unchanged from last month’s forecast. In 2017, panelists see investment increasing 1.5%.


Author: Angela Bouzanis, Senior Economist

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Eurozone Economic Sentiment Chart


Euro Economic Sentiment April 2016

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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