Euro Area EUR

Euro Area Services Sentiment

Impact:
Low
Source: European Commission

Latest Release:

Date:
Surprise:
0.6
Actual:
1.5
Forecast: 0.9
Previous/Revision:
1.6
Period: May

Next Release:

Date:
Forecast: 2
Period: Jun
What Does It Measure?
The Euro Area Services Sentiment measures the overall sentiment in the services sector of the eurozone, focusing on factors such as business activity, employment expectations, and pricing pressures. It serves as a key indicator of economic health in the services industry, which is a significant component of the eurozone economy.
Frequency
This indicator is released monthly, typically on the first working day following the end of the month it reports on, and it is usually presented as a final figure.
Why Do Traders Care?
Traders monitor the Euro Area Services Sentiment for insights into economic conditions within the eurozone, as strong sentiment readings can indicate increased consumer spending and business investment, positively influencing the euro and European equities. Conversely, weaker results may lead to bearish sentiment for these assets, affecting their market performance and influencing monetary policy expectations.
What Is It Derived From?
The sentiment is derived from surveys conducted among a wide range of service sector enterprises, gathering responses regarding current business conditions and outlook for the future. The calculation involves a diffusion index, where data points above 50 signal expansion in the sector, and below 50 denotes contraction.
Description
The Euro Area Services Sentiment is primarily reported as a diffusion index, derived from responses provided by thousands of service sector firms across various countries within the eurozone. The preliminary report typically captures early trends and is followed by a final report that incorporates more comprehensive data, thus providing a more reliable measure of sentiment.
Additional Notes
This indicator serves as a coincident economic measure, often aligning closely with the overall economic growth of the eurozone and complements other indices such as the Manufacturing Purchasing Managers' Index (PMI). Fluctuations in services sentiment can indicate shifts in economic activity, influencing both regional and global economic perspectives.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
May 27, 2025
1.5
 0.9
1.6
 0.6
Apr 29, 2025
1.4
 2.2
2.2
 -0.8
Mar 28, 2025
2.4
 6.7
5.1
 -4.3
Feb 27, 2025
6.2
 6.8
6.7
 -0.6
Jan 30, 2025
6.9
 6
6
 0.9
Jan 08, 2025
5.9
 5.8
5.3
 0.1
Nov 28, 2024
5.3
 6.2
6.8
 -0.9
Oct 30, 2024
7.1
 6.6
7.1
 0.5
Sep 27, 2024
6.7
 5.6
6.4
 1.1
Aug 29, 2024
6.3
 5.2
5
 1.1
Jul 30, 2024
4.8
 5.5
6.2
 -0.7
Jun 27, 2024
6.5
 6.4
6.8
 0.1
May 30, 2024
6.5
 6.5
6.1
Apr 29, 2024
6
 6.5
6.4
 -0.5
Mar 27, 2024
6.3
 7.8
6
 -1.5
Feb 28, 2024
6
 9
8.4
 -3
Jan 30, 2024
8.8
 8
8.4
 0.8
Jan 08, 2024
8.4
 5
5.5
 3.4
Nov 29, 2023
4.9
 4.3
4.6
 0.6
Oct 30, 2023
4.5
 3.4
4.1
 1.1
Sep 28, 2023
4
 3.5
4.3
 0.5
Aug 30, 2023
3.9
 4.2
5.4
 -0.3
Jul 28, 2023
5.7
 5.4
5.9
 0.3
Jun 29, 2023
5.7
 5.5
7.1
 0.2
May 30, 2023
7
 10.2
9.9
 -3.2
Apr 27, 2023
10.5
 9.4
9.6
 1.1
Mar 30, 2023
9.4
 10.3
9.5
 -0.9
Feb 27, 2023
9.5
 12.4
10.4
 -2.9
Jan 30, 2023
10.7
 7.9
7.7
 2.8
Jan 06, 2023
6.3
 3.5
3.1
 2.8
Nov 29, 2022
2.3
 2
2.1
 0.3
Oct 28, 2022
1.8
 3.2
4.4
 -1.4
Sep 29, 2022
4.9
 7
8.1
 -2.1
Aug 30, 2022
8.7
 8.7
10.4
Jul 28, 2022
10.7
 13.5
14.1
 -2.8
Jun 29, 2022
14.8
 12.5
14.1
 2.3
May 30, 2022
14
 14.3
13.6
 -0.3
May 02, 2022
13.5
 14.2
13.6
 -0.7
Mar 30, 2022
14.4
 10
12.9
 4.4
Feb 25, 2022
13
 10.3
9.1
 2.7
Jan 28, 2022
9.1
 10.3
10.9
 -1.2
Jan 07, 2022
11.2
 16
18.3
 -4.8
Nov 29, 2021
18.4
 16.6
18
 1.8
Oct 28, 2021
18.2
 14
15.2
 4.2
Sep 29, 2021
15.1
 16.5
16.8
 -1.4
Aug 30, 2021
16.8
 18.8
18.9
 -2
Jul 29, 2021
19.3
 19.9
17.9
 -0.6
Jun 29, 2021
17.9
 14.8
11.3
 3.1
May 28, 2021
11.3
 7.5
2.2
 3.8
Apr 29, 2021
2.1
 -8.7
-9.6
 10.8
Mar 30, 2021
-9.3
 -14.4
-17
 5.1
Feb 25, 2021
-17.1
 -18.1
-17.7
 1
Jan 28, 2021
-17.8
 -18.8
-17.1
 1
Jan 07, 2021
-17.4
 -15
-17.1
 -2.4
Nov 27, 2020
-17.3
 -15.5
-12.1
 -1.8
Oct 29, 2020
-11.8
 -14
-11.2
 2.2
Sep 29, 2020
-11.1
 -15.7
-17.2
 4.6
Aug 28, 2020
-17.2
 -24.4
-26.2
 7.2
Jul 30, 2020
-26.1
 -25
-35.5
 -1.1
Jun 29, 2020
-35.6
 -25.4
-43.6
 -10.2
May 28, 2020
-43.6
 -28.6
-38.6
 -15
Apr 29, 2020
-35
 -27
-2.3
 -8
Mar 30, 2020
-2.2
 -3
11.1
 0.8
Feb 27, 2020
11.2
 11.2
11
Jan 30, 2020
11
 11.2
11.3
 -0.2
Jan 08, 2020
11.4
 9.5
9.2
 1.9
Nov 28, 2019
9.3
 8.8
9
 0.5
Oct 30, 2019
9
 9.3
9.5
 -0.3
Sep 27, 2019
9.5
 9.3
9.2
 0.2
Aug 29, 2019
9.3
 10.5
10.6
 -1.2
Jul 30, 2019
10.6
 10.6
11
Jun 27, 2019
11
 12.4
12.1
 -1.4
May 28, 2019
12.2
 11
11.8
 1.2
Apr 29, 2019
11.5
 11.1
11.5
 0.4
Mar 28, 2019
11.3
 12
12.1
 -0.7
Feb 27, 2019
12.1
 11
11
 1.1
Jan 30, 2019
11
 11.1
12.2
 -0.1
Jan 08, 2019
12
 12.3
13.4
 -0.3
Nov 29, 2018
13.3
 13.1
13.3
 0.2
Oct 30, 2018
13.6
 14
14.7
 -0.4
Sep 27, 2018
14.6
 14.6
14.4
Aug 30, 2018
14.7
 15.1
15.3
 -0.4
Jul 30, 2018
15.3
 14.2
14.4
 1.1
Jun 28, 2018
14.4
 14.2
14.3
 0.2
May 30, 2018
14.3
 14.5
14.7
 -0.2
Apr 27, 2018
14.9
 15.8
15.9
 -0.9
Mar 27, 2018
16.3
 16.5
17.6
 -0.2
Feb 27, 2018
17.5
 16.3
16.8
 1.2
Jan 30, 2018
16.7
 18.6
18
 -1.9
Jan 08, 2018
18.4
 16.7
16.4
 1.7
Nov 29, 2017
16.3
 16.8
16.2
 -0.5
Oct 30, 2017
16.2
 15.4
15.4
 0.8
Sep 28, 2017
15.3
 14.9
15.1
 0.4
Aug 30, 2017
14.9
 13.9
14.2
 1
Jul 28, 2017
14.1
 13.2
13.3
 0.9
Jun 29, 2017
13.4
 12.9
13
 0.5
May 30, 2017
13
 14.2
14.2
 -1.2
Apr 27, 2017
14.2
 13
12.8
 1.2
Mar 30, 2017
12.7
 14
13.9
 -1.3
Feb 27, 2017
13.8
 13.5
12.8
 0.3
Jan 30, 2017
13.5
 12.6
13.1
 0.9
Jan 06, 2017
12.9
 12
12.2
 0.9
Nov 29, 2016
12.1
 13
12.1
 -0.9
Oct 28, 2016
12
 10
10
 2
Sep 29, 2016
10
 10
9.9
Aug 30, 2016
10
 11.2
11.2
 -1.2
Jul 28, 2016
11.1
 10.4
10.9
 0.7
Jun 29, 2016
10.8
 11
11.3
 -0.2
May 30, 2016
11.3
 11
11.7
 0.3
Apr 28, 2016
11.5
 10
9.6
 1.5
Mar 30, 2016
10
 10.8
11
 -0.8
Feb 26, 2016
11
 11.4
12
 -0.4