Economic sentiment in the euro area improved in February

By: Trademagazin editor Date: 2022. 02. 25. 11:05

The euro area economic sentiment index hit a three-month high in February, while consumer sentiment fell to an 11-month low and the manufacturing sentiment index was close to a record, with employment expectations reaching a record, according to a report by DG ECFIN on Friday.

German economic and consumer sentiment

After three consecutive declines, the Economic Sentiment Index (ESI) rose by 1.2 points to 112.8 points in the EU and 1.3 points to 114.0 points in the euro area in February.

The Employment Expectations Index (EEI) rose to a new all-time high of 2.4 points in the EU and the highest in the euro area since May 2000, with 2.6 points to 116.2 points. (MTI)