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HomeInformationEconomic sentiment keeps rising in the EU and the euro area
Consumer confidence indicator for EU and euro area

Economic sentiment keeps rising in the EU and the euro area

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 In February the Economic Sentiment Indicator (ESI) continued its recovery that has started in October/November of last year. The marked improvement by 1.6 points in the euro area (to 91.1)and 1.2 points in the EU (to 92.0) was driven by increases in industry and services. Consumer confidence also improved marginally. Retail trade and construction, on the other hand, booked moderate decreases.

The Directorate General for Economic and Financial Affairs (DG ECFIN) conducts regular harmonised surveys for different sectors of the economies in the European Union (EU) and in the applicant countries. They are addressed to representatives of the industry (manufacturing), the services, retail trade and construction sectors, as well as to consumers. These surveys allow comparisons among different countries´ business cycles and have become an indispensable tool for monitoring the evolution of the EU and the euro area economies, as well as monitoring developments in the applicant countries.

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