Euro Area Industrial Sentiment

The industry confidence indicator in the Euro Area rose to a six-month high of -8.8 in March 2024, compared to an upwardly revised -9.4 in February and market forecasts of -9. While managers’ production expectations dipped, fewer managers assessed the stocks of finished products as too large/above normal, indicating higher demand, and their assessment of the current level of overall order books became less gloomy.