Economic Sentiment Improves in the Euro Area and the EU

In October the Economic Sentiment Indicator (ESI) increased by 0.9 points in the euro area (to 97.8) and by 1.1 points in the EU (to 101.8). While the upward trend observed since May has been continued, the magnitude and sectoral scope of the improvement in confidence has moderated compared to recent months.

The Directorate General for Economic and Financial Affairs (DG ECFIN) conducts regular harmonised surveys for different sectors of the economies in the European Union (EU) and in the applicant countries. They are addressed to representatives of the industry (manufacturing), the services, retail trade and construction sectors, as well as to consumers. These surveys allow comparisons among different countries’ business cycles and have become an indispensable tool for monitoring the evolution of the EU and the euro area economies, as well as monitoring developments in the applicant countries.

Additional details here

PLUS:

• Economic sentiment improves in the euro area and the EU
• Business Climate Indicator increases in October
• BCI – Detailed figures
• ESI – Detailed figures