The Economic Sentiment Indicator (ESI) stood still in February 2010, after almost a year of uninterrupted improvement.
In February, the Economic Sentiment Indicator (ESI) remained broadly unchanged, lingering at 97.4 (up by 0.2 points) in the EU and at 95.9 (down by 0.1 point) in the euro area. After 10 months of uninterrupted improvement, the rebound appears to have lost its momentum – though the indicator is now not far off its long-term average, especially in the EU.
Among the largest Member States, France (-1.9 points) reported the biggest worsening in sentiment (especially in industry), followed by Italy (-1.7). In contrast, Poland (+4.2) reported the most significant increase, while improvements were less pronounced in Spain (+1.1), Germany (+0.9) and in the Netherlands (+0.9). Sentiment was broadly unchanged in the UK (+0.1).