Economic Sentiment remains broadly stable in the EU and the euro area (11/04/2024)
In June 2024, the Economic Sentiment Indicator (ESI) remained largely unchanged in both the EU and the euro area (-0.2 points to, respectively, 96.4 and 95.9). The Employment Expectations Indicator (EEI) declined for the third consecutive month in both areas, approaching (EU: -0.8 points to 100.4) or undercutting (euro area: -1.6 points to 99.7) its long-term average. While the ESI has remained essentially flat over the first six months of the year, around 4 points below its long-term average, the slow but continuous decline in the EEI has narrowed the gap between the two indicators.
In June 2024, DG ECFIN’s flash estimate of the consumer confidence indicator edged up further, by 0.3 percentage points (pps.) in both the EU and the euro area. At -12.9 (EU) and -14.0 (euro area) points, consumer confidence still falls slightly short of its long-term average.
