Euro Area Services Sentiment

Last Release

Mar 31, 2024

Actual

6.3

Units In

N/A

Frequency

Monthly

Next Release

Apr 29, 2024

Time to Release

1 Months 1 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
35 Jun 1998	-43.5 May 2020	9.32	1995-2024	European Commission

In the Euro Area, Services Sentiment measures the confidence level among service providers and accounts for 30 percent of the Economic Sentiment Indicator.

Latest Updates

The services confidence indicator in the Euro Area edged higher to 6.3 from 6 in the previous month, but missed market expectations of 7.8. The increase was supported by improvements in the evolution of demand (8.4 vs 8.2 in February) and of employment levels (3.3 vs 2.5). Looking forward, service providers also expect improved demand conditions over the next three months (11.8 vs 10.9), but employment gains are expected to slow their increases (6.5 vs 7.3). Also, firms expect selling prices to further moderate (15.2 vs 17.3)