Euro Area Economic Optimism Index

Last Release

Oct 31, 2024

Actual

95.6

Units In

N/A

96.3

Frequency

Monthly

Next Release

Nov 28, 2024

Time to Release

27 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
117.6 Jul 2021	67.9 Apr 2020	99.68	1985-2024	European Commission

In the Euro Area, the Economic sentiment indicator is a composite measure (average=100) that calculates the confidence level among: manufacturers (40 percent of the index); service providers (30 percent); consumers (20 percent); retailers (5 percent) and constructors (5 percent).

Latest Updates

The economic sentiment indicator (ESI) in the Euro Area edged lower to 95.6 in October of 2024 from the upwardly revised 96.3 in the previous month, the lowest since February and missing market expectations that it would hold at 96.3. The decline was largely due to increased pessimism in industry (-13 vs -11 in September), the most in over two years, amid declines in both production and order book levels. In the meantime, the survey pointed to a rebound in consumer inflation expectations (13.3 vs 11), rebounding to its highest since February, potentially jeopardizing the progress in disinflation from the ECB’s tightening cycle. On the other hand, positive trends were picked up by stronger-than-expected results for the services sector (7.1 vs 7.1).