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). source: European Commission
Services Sentiment In the Euro Area increased to 6.30 points in March from 6 points in February of 2024. Services Sentiment in Euro Area averaged 9.39 points from 1995 until 2024, reaching an all time high of 35.90 points in March of 2000 and a record low of -52.10 points in May of 2020. This page provides - Euro Area Services Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Services Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Services Sentiment In the Euro Area increased to 6.30 points in March from 6 points in February of 2024. Services Sentiment in Euro Area is expected to be 8.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Services Sentiment is projected to trend around 9.00 points in 2025, according to our econometric models.