The Economic Sentiment Indicator (ESI) in the Euro Area edged down 0.5 points to 95.2 in August 2025, below market expectations of 96. The downturn was driven by lower confidence in services (3.6 vs 4.1), construction (-3.5 vs -3.1) and consumer (-15.5 vs -14.7). On the other hand, there was a marginal improvement in retail trade (-6.5 vs -6.6) and industry (-10.3 vs -10.5). For the largest EU economies, the ESI dropped considerably in Spain (-2.6), followed by more moderate deteriorations in Germany (-1.0) and Italy (-1.0). Conversely, the ESI increased significantly in The Netherlands (+3.5) and slightly also in Poland (+0.5). In France, the ESI remained virtually unchanged (+0.1). source: European Commission

Economic Optimism Index In the Euro Area decreased to 95.20 points in August from 95.70 points in July of 2025. Economic Optimism Index in Euro Area averaged 99.88 points from 1985 until 2025, reaching an all time high of 119.70 points in October of 2021 and a record low of 58.50 points in April of 2020. This page provides - Euro Area Economic Sentiment Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Economic Sentiment Indicator - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

Economic Optimism Index In the Euro Area decreased to 95.20 points in August from 95.70 points in July of 2025. Economic Optimism Index in Euro Area is expected to be 91.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Economic Sentiment Indicator is projected to trend around 95.00 points in 2026 and 99.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-30 09:00 AM
Economic Sentiment
Jul 95.8 94.2 94.5 94.4
2025-08-28 09:00 AM
Economic Sentiment
Aug 95.2 95.7 96 96
2025-09-29 09:00 AM
Economic Sentiment
Sep 95.2 91

Components Last Previous Unit Reference
Consumer Confidence -15.50 -14.70 points Aug 2025
Consumer Inflation Expectations 25.90 25.10 points Aug 2025
Industrial Sentiment -10.30 -10.50 points Aug 2025
Selling Price Expectations 6.70 8.90 points Aug 2025
Services Sentiment 3.60 4.10 points Aug 2025

Related Last Previous Unit Reference
Business Confidence -0.72 -0.71 points Aug 2025
Economic Sentiment 95.20 95.70 points Aug 2025

Euro Area Economic Sentiment Indicator
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).
Actual Previous Highest Lowest Dates Unit Frequency
95.20 95.70 119.70 58.50 1985 - 2025 points Monthly
SA

News Stream
Euro Area Economic Sentiment Unexpectedly Worsens
The Economic Sentiment Indicator (ESI) in the Euro Area edged down 0.5 points to 95.2 in August 2025, below market expectations of 96. The downturn was driven by lower confidence in services (3.6 vs 4.1), construction (-3.5 vs -3.1) and consumer (-15.5 vs -14.7). On the other hand, there was a marginal improvement in retail trade (-6.5 vs -6.6) and industry (-10.3 vs -10.5). For the largest EU economies, the ESI dropped considerably in Spain (-2.6), followed by more moderate deteriorations in Germany (-1.0) and Italy (-1.0). Conversely, the ESI increased significantly in The Netherlands (+3.5) and slightly also in Poland (+0.5). In France, the ESI remained virtually unchanged (+0.1).
2025-08-28
Euro Area Economic Sentiment at 5-Month High
The Economic Sentiment Indicator (ESI) in the Euro Area picked up 1.6 points to 95.8 in July 2025, the highest in five months and above market expectations of 94.5. The upturn was driven by higher confidence in industry (-10.4 vs -11.8 in June), services (4.1 vs 3.1), retail trade (-6.7 vs -7.6), and a marginal improvement in consumer confidence (-14.7 vs -15.3), while confidence in construction (-3 vs -2.9) declined slightly. Amongst the largest EU economies, the ESI improved markedly in France (+2.4), Spain (+2.2), Germany (+1.2) and, to a lesser extent, in Italy (+0.4), while it remained broadly stable in the Netherlands (-0.2) and decreased markedly in Poland (-2.1).
2025-07-30
Euro Area Economic Sentiment Edges Down in June
The economic sentiment indicator (ESI) in the Euro Area edged down to 94 in June 2025 from 94.8 in May and defeating market expectations of a rise to 95.1. The decline was primarily driven by reduced confidence in the industry sector (-12 vs -10.4), with declined seen in managers’ assessments of the current level of order books, stocks of finished products, and production expectations. Confidence was also weaker among retailers (-7.5 vs -7.2) and consumers (-15.3 vs -15.1). On the other hand, an improvement was seen for service providers (2.9 vs 1.8) and constructors (-2.8 vs -3.5). Among the largest EU economies, the ESI dropped most significantly in France (89.6 vs 93), followed by Spain (102 vs 103.4) and Germany (90.7 vs 91.5). Conversely, the ESI increased in Poland (101.4 vs 100.4) and remained broadly stable in Italy (98.9 vs 98.7) and the Netherlands (97.1 vs 96.9).
2025-06-27