According to data from the European Commission’s Directorate-General for Economic and Financial Affairs, economic sentiment maintained its upward trend in June – for the fifth consecutive month – reaching 117 points in the European Union (EU) and 117.9 in the Eurozone. , and values close to the peaks of 117.7 and 118.2, respectively, both recorded in May 2000.
Since March, economic sentiment has been above the long-term average (100) in both regions.
The employment expectations index also rose significantly (1.2 points to 111.5 in the European Union and 1.6 points to 111.6 in the eurozone), reaching its highest level since November 2018.
In the EU, the rise in economic sentiment was driven by an improvement in confidence in the services sector, but confidence in other business sectors (such as manufacturing, retail and construction) as well as consumer confidence also improved.
Looking at the six largest economies in the European Union, economic sentiment showed the highest national increase ever in Germany (5.0 points), followed by Italy (2.1), the Netherlands (1.9), France (1.3) and Poland (0.2), with Spain registering. Down 1.1 points.
