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The Economic Sentiment indicator is the most important one in terms of assessing the prospects for economic growth. It is a composite indicator with complicated calculations. Its value is equally influenced by the Industrial Confidence Indicator and Consumer Confidence Indicator. In addition, construction confidence index and stock prices index are used for calculating; their influence is reduced due to the use of reduction factors.
As an integral indicator for the majority of survey of indexes, it has a big impact on financial markets, and from this point of view it is the main survey index. High or rising values of the index indicates a healthy level of purchases, business expenses and investments which positively affects the economic situation and leads to strengthening of the euro.
- Release Frequency: monthly.
- Release Schedule: 09:00 GMT, the last week of the month.
- Source: European Commission, Directorate General for Economic and Financial Affairs.