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Economic Sentiment Indicator maintains its upward trend

29/04/2010 - Economic Sentiment Indicator maintains its upward trend.

In April, the Economic Sentiment Indicator (ESI) again rose and exceeded its long term average, reaching 101.9 (+2.1 points) in the EU and 100.6 (+2.7) in the euro area. However, coming out of a deep recession clearly means that further sustained improvements will be required for economic activity to reach its pre-crisis levels.

The majority of the Member States reported across-the-board improvements in sentiment. Among the largest Member States, Germany registered another substantial increase (+4.3). Improvements were registered in France (+2.0), Italy (+1.5), Spain (+1.1), the Netherlands (+1.1) and the UK (+0.8), while Poland remained broadly unchanged (-0.1).

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