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Economic Sentiment Indicator regains momentum

The Economic Sentiment Indicator (ESI) regains momentum in March 2010.

In March, the Economic Sentiment Indicator (ESI) improved significantly, reaching 99.6 (+2.0 points) in the EU and 97.7 (+1.8) in the euro area. After the pause recorded in February, the upward trend appears to have regained its momentum. The ESI is now close to its long-term average, albeit it will still require further improvement for the economic activity to reach its pre-crisis level.

The majority of the Member States reported a general improvement in sentiment. Among the largest Member States, Germany (+3.4 points) reported the most significant increase, followed by Poland (+2.7), the UK (+2.6) and the Netherlands (+2.4). The improvements were less marked in France (+1.4) and Spain (+1.4). Sentiment in Italy deteriorated moderately (-1.5).

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