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Economic sentiment stable in the EU and slightly down in the euro area

30.03.2011 - In March, the Economic Sentiment Indicator (ESI) was broadly unchanged at 107.4 in the EU, while it decreased by 0.6 point to 107.3 in the euro area.

The overall decline in the euro area resulted from broadly unchanged sentiment in industry and weakening confidence in the other business sectors and among consumers. In the EU, industry and services remained on an upward trend offsetting the declines observed in retail trade, construction and among consumers. 

Most Member States recorded a decline in sentiment. Among the seven largest Member States, Poland (-3.1 points), Spain (-3.0) and Germany (-0.7) reported decreases, while the Netherlands (+3.1), the UK (+2.7) and France (+0.9) improved. Meanwhile, Italy (+0.1) remained broadly stable. The ESI is above its long-term average in five of the seven largest Member States. Poland went back to just below its long-term average, while Spain remained well below it. 

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