Eurozone Economic Sentiment August 2019


Eurozone: Economic sentiment rises slightly in August

August 29, 2019

Sentiment in the Eurozone edged up in August, contrasting the previous two months of decline. Economic sentiment rose 0.4 points from July’s over three-year low of 102.7 to 103.1 points. Sentiment in the Eurozone is above its long-run average of 100 points.

Improved sentiment in the industrial and retail trade sectors drove August’s uptick. In contrast, confidence fell in the services and construction sectors and among consumers. Employment plans were mixed across industries, improving notably in the industrial sector but deteriorating in the rest.

FocusEconomics Consensus Forecast panelists see private consumption growing 1.3% in 2019, which is unchanged from last month’s projection. For 2020, panelists also see consumption expanding 1.3%. Panelists expect investment to grow 2.9% in 2019, which is unchanged from last month’s forecast. In 2020, panelists see investment increasing 2.0%.

Author: Angela Bouzanis, Lead Economist

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Eurozone Economic Sentiment Chart

Euro Area Economic Sentiment August 2019

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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