Eurozone Services Confidence Rises More than Expected

The Euro Area services confidence indicator rose by one point from the previous month to 4.1 in July of 2025, reflecting the strongest sentiment in the sector since February, and ahead of market expectations of 3.3.

Improvements were noted in the assessment of the business situation over the past three months (1 vs 0.1 in June) and the evolution of demand over the past three months (4.5 vs 4.2).

Looking ahead, improvements were also noted in expectations on the evolution of demand (6.9 vs 5.1) and employment (2.2 vs 1.1) in the next three months.

In turn, uncertainty rose (12 vs 9.6) amid the trade disputes between the EU and the US, while selling price expectations were slightly higher 13.9 vs 13.4).