Economic Sentiment and Employment Expectations continue their strong recovery in the EU and the euro area
![Graph illustrating Economic Sentiment Indicator and Employment Expectations Indicator, April 2021©European Union](https://ec.europa.eu/newsroom/repository/picture/2021-20/photonews4237_aj9RbaARL8DwdFl7h3US5LUaiW4_68805.jpg)
date: 20/05/2021
At 109.7 (EU) / 110.3 (EA) points, the ESI scores markedly above its long-term average and pre-pandemic level for the first time since the outbreak of COVID-19 on the continent. In addition, the Employment Expectations Indicator (EEI) saw a forceful increase (+9.9 points to 107.9 in the EU and +9.3 points to 107.1 in the euro area), which lifted the indicator both above its long-term average and pre-pandemic level. In the EU, the ESI’s increase was driven by improving confidence in all surveyed business sectors (i.e. industry, services, retail trade, construction) and among consumers. The ESI rose markedly in all of the six largest EU economies, particularly in Poland (+11.3), followed by the Netherlands (+10.7), Spain (+9.1), France (+8.5), Germany (+5.7) and Italy (+5.3). Thanks to the latest increases, sentiment in all six countries is above its long-term average of 100.