Joint Harmonised EU Programme of
Business and Consumer Surveys
29 April 2026

Business and consumer survey results for April 2026 – Statistical Annex

Contents
TABLE 1: Economic sentiment, employment expectations, sectoral confidence and uncertainty indicators (s.a.)
TABLE 2: Monthly survey of manufacturing industry (s.a.)
TABLE 2a: Quarterly survey of manufacturing industry (s.a.)
TABLE 2b: Industrial investment survey - all branches. EU Member States.
TABLE 3: Monthly survey of services (s.a.)
TABLE 3a: Quarterly survey of services (s.a.)
TABLE 3b: Service investment survey - all branches. EU Member States.
TABLE 4: Monthly survey of consumers (s.a.)
TABLE 4a: Quarterly survey of consumers
TABLE 5: Monthly survey of retail trade (s.a.)
TABLE 6: Monthly survey of construction industry (s.a.)

Economic and
Financial Affairs

2

T ABLE 1: Economic sentiment, employment expectations, sectoral confidence and uncertainty indicators (s.a.)

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )
Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

S inc e 2000 (*)
M in.
M a x.
Ave .
Da te Va lue
Da te Va lue
04-20 -36.2
-4.1
12-21
13.2
05-20
-51.4
7.0 03-00
36.2
09-22 -27.2
-10.1 05-00
-0.6
04-20 -34.7
-5.1 08-21
6.8
04-09 -36.2
-10.9
11-18
7.8
0 4 - 2 0 5 7 .3 10 0 .0 10 - 2 1 119 .7
0 4 - 2 0 5 0 .3 10 0 .0
11- 2 1 116 .7
05-19
1.5
18.7 04-20
38.9
04-20
-37.1
-3.9
10-21
14.7
05-20
-51.7
6.5 03-00
35.7
09-22 -27.5
-10.6
01-00
-0.4
04-20 -35.7
-6.2
08-21
6.7
04-09 -34.8
-10.0
12-21
9.5
0 4 - 2 0 5 7 .7 10 0 .0 10 - 2 1 119 .8
0 4 -2 0
5 0 .1 10 0 .0 0 5 - 0 0 116 .6
05-19
5.0
19.8 04-20
40.6

-11
May
-10.1
3.2
-13.0
-5.4
-4.7
9 5 .7
9 7 .8
18.6
-9.9
3.1
-13.5
-6.6
-2.9
9 5 .7
9 7 .5
18.8

-10
J un
-11.0
3.7
-13.4
-6.2
-4.2
9 4 .8
9 8 .0
16.6
-11.4
3.3
-13.8
-7.2
-2.5
9 4 .6
9 7 .6
16.7

-9
J ul
-10.1
4.8
-13.2
-5.2
-5.0
9 5 .8
9 7 .5
17.6
-10.0
4.1
-13.4
-6.3
-2.8
9 6 .1
9 7 .8
17.9

2025
-8
-7
Aug
Sep
-10.2
-9.8
4.6
4.7
-13.4
-13.0
-5.2
-6.0
-5.2
-5.0
9 5 .6
9 6 .1
9 8 .1 9 7 .1
17.0
17.3
-9.8
-9.8
3.7
4.1
-14.0
-13.4
-6.2
-7.6
-3.2
-3.0
9 5 .7
9 6 .1
9 8 .1 9 6 .7
17.0
17.3

-6
Oc t
-8.6
4.8
-12.2
-5.0
-4.2
9 7 .0
9 7 .9
18.8
-8.0
4.0
-12.6
-6.8
-2.2
9 7 .2
9 7 .2
19.2

-5
No v
-9.3
6.2
-12.4
-4.4
-2.9
9 7 .2
9 8 .8
18.3
-9.0
5.3
-12.9
-5.7
-1.2
9 7 .2
9 7 .9
18.7

-4
De c
-8.7
6.1
-12.6
-4.9
-2.9
9 7 .1
9 8 .0
17.9
-8.6
4.9
-13.3
-7.0
-1.1
9 6 .8
9 6 .8
18.1

-3
J an
-7.4
7.3
-11.8
-4.2
-3.4
9 9 .0
9 9 .0
17.5
-6.9
6.2
-12.6
-6.1
-1.3
9 8 .9
9 8 .0
18.0

2026
-2
-1
Feb
Mar
-7.6
-7.4
5.4
5.0
-11.9
-15.4
-3.8
-5.9
-4.0
-3.4
9 7 .9 9 6 .4
9 8 .4 9 7 .2
17.0
20.0
-7.3
-7.0
4.2
4.1
-12.4
-16.4
-5.4
-7.6
-2.2
-2.1
9 7 .8 9 6 .2
9 7 .5 9 6 .3
17.6
20.6

0
Apr
-7.5
1.6
-19.4
-7.6
-3.7
9 3 .5
9 3 .2
22.9
-7.7
0.9
-20.6
-9.9
-2.4
9 3 .0
9 1.7
23.6

BE

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

03-09
04-20
09-22
05-20
01-15
0 4 -2 0
0 4 -2 0
07-21

-34.0
-8.3
06-21
7.0
-60.2
8.4 07-07
31.0
-28.1
-7.9
11-00
5.4
-47.1
-6.5
10-10
11.3
-24.5
-7.2 03-22
9.1
5 7 .5 10 0 .0 0 7 - 2 1 12 0 .3
5 8 .3 10 0 .0
11- 2 1 12 0 .7
0.3
11.9
10-22
22.2

-10.9
-0.2
-14.3
-1.9
-8.3
9 6 .0
9 1.9
17.4

-9.4
3.5
-12.7
-9.3
-7.6
9 7 .7
9 5 .0
12.1

-14.1
2.4
-12.0
-4.3
-7.2
9 5 .0
9 4 .9
14.0

-11.3
-1.6
-12.7
-5.9
-9.0
9 5 .0
9 2 .0
8.2

-12.4
7.5
-13.1
-16.7
-9.0
9 5 .6
8 6 .5
12.3

-14.1
5.1
-11.4
-8.8
-9.3
9 5 .6
9 1.5
11.7

-14.3
-6.4
-13.9
-14.8
-6.6
9 0 .2
8 7 .8
15.7

-12.5
1.0
-14.0
-12.9
-10.8
9 2 .5
8 8 .0
11.5

-14.9
7.1
-14.1
-9.9
-13.6
9 2 .0
8 8 .1
13.4

-14.2
-1.0
-18.3
-9.4
-13.8
8 9 .4
8 4 .6
15.3

-12.2
-8.8
-19.8
-6.8
-12.6
8 8 .1
8 2 .7
16.6

BG

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
05-20
10-12
05-20
10-09
0 4 -2 0
0 4 -2 0
05-24

-30.4
-2.8
01-08
11.9
-39.8
9.4 04-07
30.3
-37.4 -24.7
07-01
-8.0
-19.2
12.2 03-00
28.4
-56.8
-18.2 03-08
20.0
5 4 .0 10 0 .0 0 4 - 0 7 12 2 .4
7 3 .7 10 0 .0 0 9 - 2 4 117 .2
-0.3
6.9 05-22
16.1

0.6
-0.2
-1.5
8.5
11.2
11.0
-19.5 -20.0
-19.8
14.8
16.5
14.0
-2.2
2.5
5.0
10 3 .3 10 3 .7 10 2 .9
10 9 .6 112 .6 10 9 .2
5.6
4.2
3.4

-1.1
1.0
-1.4
10.0
7.2
9.0
-23.5 -26.8 -23.5
15.5
13.8
12.9
2.3
0.5
-1.9
10 1.0 9 9 .9 10 0 .5
110 .3 10 6 .8 10 7 .8
4.1
7.8
8.7

-3.3
6.2
-23.9
16.5
1.8
9 8 .6
110 .2
4.9

-1.5
-2.6
3.7
-1.9
-25.5 -25.8
13.6
15.2
2.0
2.0
9 7 .3 9 4 .5
110 .1 10 8 .8
5.9
11.0

CZ

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

02-09
05-20
07-22
04-20
04-13
0 4 -2 0
0 2 -0 9
02-26

-36.9
0.6 06-00
-20.9
31.3
11-03
-32.6
-10.4
03-18
0.4
16.5
11-07
-54.1 -15.5
12-04
6 3 .0 10 0 .0 11- 0 6
6 6 .1 10 0 .0 0 4 - 16
-1.3
25.5
11-22

-5.1
-7.4
37.8
34.8
-9.2
-8.9
16.6
9.9
-3.8
0.5
10 1.4 9 8 .4
9 9 .6 10 0 .4
23.9
14.4

DK

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

02-09
05-20
10-22
11-22
09-09
0 4 -2 0
0 4 -2 0
08-21

-42.5
-7.4
-47.4
4.6
-23.5
2.2
-38.3
1.3
-55.9
-13.9
5 7 .5 10 0 .0
3 0 .4 10 0 .0
-8.8
8.4

DE

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

03-09
04-20
09-22
04-20
01-02
0 4 -2 0
0 4 -2 0
04-19

-42.0
-4.7
09-21
24.2
-39.8
11.3
11-00
50.8
-28.0
-8.4
02-18
2.3
-46.1 -14.7
12-10
10.4
-52.2
-16.0
11-18
20.9
6 7 .0 10 0 .0 0 9 - 2 1 118 .9
7 3 .6 10 0 .0 0 1- 18 118 .8
6.0
28.6 04-20
49.9

-17.5
2.5
-9.1
-19.7
-16.1
9 2 .3
9 4 .5
31.9

-20.5
4.8
-9.8
-21.3
-13.7
9 1.5
9 1.7
26.2

-18.0
4.3
-8.8
-23.1
-12.9
9 2 .6
9 2 .5
27.4

-19.4
4.7
-10.5
-22.0
-12.6
9 1.6
9 3 .2
28.9

-20.1
1.6
-9.2
-22.9
-14.9
9 0 .9
8 9 .5
28.8

-18.1
3.4
-10.8
-21.3
-13.6
9 1.7
9 1.4
31.4

-18.8
4.2
-11.5
-23.7
-12.4
9 1.3
8 9 .4
31.2

-20.7
2.6
-12.1
-25.3
-12.0
8 9 .9
8 8 .4
30.9

-17.4
5.0
-10.1
-25.2
-11.2
9 2 .8
9 1.5
30.2

-15.4
3.0
-11.2
-25.3
-9.8
9 2 .5
9 0 .6
28.9

-14.7
5.3
-13.9
-25.5
-10.4
9 2 .4
9 0 .3
34.0

-14.5
-1.7
-18.0
-31.4
-12.3
8 8 .5
8 4 .7
35.3

EE

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
05-20
09-22
04-09
04-09
0 2 -0 9
0 4 -2 0
09-21

-37.4
1.0
12-06
26.3
-65.2
5.1 01-06
38.0
-43.0
-11.0
01-07
12.5
-43.2
6.9 04-07
36.1
-73.4
-3.3 05-06
46.4
6 8 .6 10 0 .0 0 9 - 0 6 12 0 .4
5 1.1 10 0 .0 0 3 - 0 5 118 .7
11.7
28.9
11-23
36.3

-10.4
-4.8
-35.4
-14.6
-17.8
8 9 .3
8 9 .3
34.1

-11.9
-8.8
-34.7
-13.5
-17.2
8 8 .5
9 0 .4
33.0

-10.0
-4.7
-37.9
-11.4
-10.8
8 9 .3
9 3 .3
32.8

-11.6
-1.0
-36.1
-14.2
-11.9
8 9 .4
9 5 .5
31.8

-10.3
2.4
-33.7
-14.0
-9.2
9 1.4
9 6 .4
33.6

-9.6
1.9
-30.4
-10.5
-7.4
9 2 .2
9 7 .1
30.7

-9.6
4.2
-28.3
-9.5
-6.6
9 3 .0
9 6 .4
29.2

-9.1
4.8
-27.1
-6.3
-4.1
9 3 .5
9 5 .3
31.2

-9.5
3.8
-25.3
-5.8
-5.8
9 3 .5
9 6 .8
28.6

-10.1
4.4
-24.9
-3.2
-6.3
9 3 .4
9 6 .9
27.2

-10.4
-1.1
-29.7
-4.1
-7.0
9 1.0
9 4 .4
30.3

-10.3
-4.9
-32.5
-3.9
-7.5
8 9 .7
9 4 .1
34.0

IE

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
04-20
12-10
05-09
04-08
0 4 -2 0
0 4 -2 0
01-25

-36.0
11.0
12-18
-58.2
21.9
11-15
-36.1
-7.7 04-00
-35.2
4.7 07-00
-72.5
3.9 03-00
5 8 .8 10 0 .0 0 3 - 0 0
5 2 .4 10 0 .0 0 4 - 0 0
-8.5
6.7 09-22

9.5
18.7
-17.5
3.5
22.1
9 7 .6
9 6 .3
-1.6

9.9
6.5
18.4
26.2
-14.1 -17.5
3.1
12.2
17.7
27.2
9 8 .6 10 0 .4
9 1.6 9 0 .2
3.1
10.6

10.1
15.8
-16.2
10.5
10.9
9 7 .3
8 6 .9
8.0

8.3
16.7
-16.1
9.2
14.4
9 8 .2
9 2 .9
-1.0

13.1
9.9
-17.9
6.0
19.1
9 8 .5
9 2 .5
7.1

3.6
13.2
14.5
16.2
24.8
19.6
-17.6
-17.5
-17.0
7.6
6.6
8.2
21.7
20.6
16.7
9 5 .6 10 0 .6 10 0 .1
9 3 .0 9 3 .5 9 3 .7
8.0
-2.1
4.7

10.7
24.8
-15.5
4.0
17.7
9 9 .5
9 4 .2
1.9

19.7
11.8
-23.5
5.3
21.3
9 9 .4
9 7 .0
7.1

13.8
3.9
-28.7
8.3
18.1
9 4 .9
8 5 .3
18.9

EL

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

03-09
06-20
02-12
07-10
04-20
0 8 - 15
0 3 - 12
02-25

-37.3
-4.5
01-22
13.6
-47.1
9.4 09-00
56.8
-81.3 -40.3 04-00
0.5
-44.2
1.7 05-07
37.2
-87.4 -23.4 03-00
37.2
7 6 .3 10 0 .0 0 9 - 0 0 119 .5
7 3 .0 10 0 .0 0 4 - 2 4 12 0 .3
-9.3
3.7 09-22
23.4

EU

EA

29.0
53.5
7.4
30.2
5.4
117 .4
12 1.9
38.9

10-21
10.5
05-10
26.5
01-06
12.5
07-13
18.8
05-06
16.2
10 - 2 1 119 .4
11- 2 1 117 .0
04-26
18.0

30.5
59.0
14.9
36.3
48.9
117 .5
119 .0
23.1

-11.3
-3.4
-9.7
-7.0
-8.7
9 5 .8
9 2 .1
11.1

-1.1
-0.4
-1.9
12.3
10.6
10.8
-21.4 -20.0 -24.0
11.6
8.2
10.9
5.4
1.1
2.5
10 3 .1 10 2 .8 10 1.1
111.5 110 .1 110 .8
3.2
2.3
4.7

-8.8
-5.4
-6.0
-2.5
-7.2
32.2
40.1
38.2
38.0
37.0
-6.0
-9.3
-7.3
-3.6
-2.6
14.5
12.6
14.9
12.4
14.0
-0.4
1.0
2.3
-0.6
-4.1
9 7 .6 10 2 .6 10 2 .1 10 3 .3 10 0 .6
9 6 .9 9 9 .6 9 9 .0 9 8 .0 9 8 .2
20.7
23.1
24.3
23.0
24.6

-7.9
-7.7
-5.5
-3.3
35.1
36.2
33.1
29.7
-2.5
1.1
-0.8
-1.1
10.2
9.4
11.5
16.8
-2.9
-5.2
-2.2
-6.0
9 8 .9 10 1.5 10 0 .0 10 0 .3
9 3 .7 9 7 .6 10 1.2 10 2 .4
25.4
21.8
-1.3
7.5

-3.2
31.6
-6.6
16.7
-3.1
10 1.1
9 7 .9
17.4

-9.5
-12.1 -15.2
-14.7
-12.4
-18.0
-18.2
-19.7
-19.0 -20.7
-18.1 -15.4
5.7
6.1
7.3
6.4
7.9
7.1
8.3
9.0
8.4
6.1
6.8
6.5
-14.3
-13.4
-12.8
-14.0
-14.5
-12.8
-12.8
-11.2
-7.8
-8.0
-8.3
-14.2
2.6
1.1
0.5
-2.4
4.9
1.3
4.1
8.2
14.2
11.3
8.4
2.3
-11.3
-9.6
-11.8
-10.2
-10.6
-9.1 -10.8
-10.6
-9.5
-11.4
-6.4
-7.9
9 3 .1 9 2 .5
9 1.1 9 0 .2 9 2 .9 8 9 .2 8 9 .7
9 0 .1 9 2 .0
8 9 .1 9 1.9 8 9 .8
10 3 .3 10 2 .2 10 4 .0 10 5 .6 10 4 .8 10 3 .9 10 3 .7 10 5 .1 10 9 .8 10 8 .5 10 3 .8 10 5 .4
14.9
12.0
12.8
13.7
13.8
13.9
12.7
16.2
12.0
12.2
16.3
18.0

5.2
3.3
9.5
11.0
3.2
3.7
2.5
5.6
28.4
27.9
28.6
29.1
29.4
34.3
34.7
30.7
-42.7 -46.9 -47.6 -48.8 -45.6 -47.6 -50.6 -47.0
-1.5
13.9
1.7
-1.5
-0.1
4.0
6.7
-7.4
16.9
22.9
19.0
26.1
12.6
7.6
13.4
15.8
10 6 .7 10 5 .7 10 8 .6 10 9 .7 10 5 .9 10 7 .1 10 5 .6 10 6 .7
115 .3 112 .9 114 .3 113 .4 110 .4 111.7 112 .3 115 .1
-1.7
-1.5
-0.2
-2.2
-2.4
-0.5
-3.2
-1.9

2.7
4.1
3.2
2.5
30.3
32.6
27.0
26.9
-50.3 -49.2 -52.5 -54.7
10.4
9.7
3.3
6.7
20.9
30.1
21.5
32.4
10 5 .1 10 7 .6 10 6 .8 10 5 .7
111.6 118 .7 113 .3 111.2
-0.9
-2.4
2.9
7.9

3

T ABLE 1 (continued) : Economic sentiment, employment expectations, sectoral confidence and uncertainty indicators (s.a.)

ES

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

S inc e 2000 (*)
M in.
M a x.
Ave .
Da te Va lue
Da te Va lue
03-09 -38.4
-6.4 02-22
9.5
05-20 -59.8
6.8
03-01
46.5
08-12 -28.0
-2.3 03-00
14.9
04-20 -42.8
-4.5
04-15
16.9
10-13 -70.0
-10.0 07-00
38.3
0 4 - 2 0 6 6 .2 10 0 .0 0 8 - 0 0 116 .2
0 4 - 2 0 5 7 .2 10 0 .0 0 4 - 0 0 12 2 .9
07-19
-0.1
15.8 04-22
31.0

FR

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
05-20
09-22
05-20
04-15
0 4 -2 0
0 4 -2 0
09-21

-42.3
-6.1 06-00
15.3
-53.4
-0.1 03-01
14.7
-22.3
-11.4
01-01
1.9
-41.9
-7.7 06-07
7.8
-46.4
-5.3 09-00
42.9
6 0 .9 10 0 .0 0 6 - 0 0 12 3 .2
3 9 .6 10 0 .0 12 - 0 0 12 4 .1
7.9
14.1 12-22
20.8

-10.3
-5.8
-17.5
-13.4
-12.1
9 3 .5
9 1.4
15.0

HR

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
04-20
08-09
04-20
03-10
0 4 -2 0
0 4 -2 0
07-19

-35.9
-1.3
02-18
15.7
-66.0
7.2
09-21
30.4
-43.1 -19.7
01-20
0.1
-48.5
-0.5
04-18
22.1
-50.3
-8.8
03-19
22.1
6 4 .4 10 0 .0 0 1- 2 0 113 .6
6 9 .1 10 0 .0 0 1- 2 4 118 .7
-15.0
-1.6 03-22
13.3

2.2
1.5
2.2
-0.2
3.9
2.7
4.5
4.9
1.5
-0.1
5.0
5.8
16.5
14.0
6.0
20.5
9.8
16.1
12.5
17.1
21.5
20.5
16.9
11.0
-13.2
-10.9
-11.2
-11.9
-14.1 -10.2
-10.5
-8.8
-10.3
-9.3
-11.3
-16.0
0.6
-4.5
4.1
3.8
5.1
3.4
8.4
8.6
0.8
12.1
9.1
-1.7
17.4
13.4
16.5
13.3
12.0
13.8
15.8
14.1
13.4
12.8
11.0
11.4
10 4 .0 10 4 .3 10 3 .1 10 5 .1 10 4 .5 10 6 .0 10 6 .7 10 7 .7 10 6 .1 10 5 .6 10 6 .6 10 3 .9
10 8 .7 9 5 .2 10 5 .4 10 5 .1 10 4 .0 10 5 .5 10 5 .9 10 3 .3 10 2 .8 10 2 .0 10 4 .4 10 1.5
-0.6
1.5
-4.7
-4.7
-8.4
-3.7
-1.9
-4.8
-6.5
-4.8
-6.0
1.5

IT

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

03-09
05-20
06-12
09-00
02-10
0 5 -2 0
0 5 -2 0
07-19

-32.7
-3.9 05-00
11.5
-58.4
2.4 04-00
30.4
-31.1 -14.7
07-01
-0.9
-30.7
-0.2 05-00
26.1
-43.7
-13.7 07-23
9.3
5 6 .1 10 0 .0 0 5 - 0 0 12 4 .2
7 5 .3 10 0 .0 0 5 - 0 0 12 8 .8
19.1
24.7
10-22
36.7

-8.1
-7.4
-6.9
-7.6
1.9
2.7
1.1
2.8
-16.0
-17.2
-16.9
-16.8
10.7
9.4
11.9
8.9
2.3
3.6
3.6
1.0
9 8 .9 9 9 .2 9 9 .6 9 8 .7
10 4 .8 10 8 .1 10 5 .2 10 3 .9
22.2
22.6
22.7
21.3

CY

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
05-20
04-13
04-13
04-13
0 4 - 13
0 4 - 13
04-19

-50.1
-3.3 03-08
21.1
-75.7
6.6
01-18
42.4
-60.3
-20.1 03-03
3.6
-51.1
-6.7 08-07
19.7
-76.6
-19.5
11-03
38.6
6 6 .9 10 0 .0 0 2 - 18 114 .3
6 2 .6 10 0 .0 0 5 - 0 8 13 2 .2
-3.9
38.8 03-22
61.3

1.1
0.1
2.1
2.8
4.4
2.6
3.6
3.6
-0.5
3.5
15.7
16.0
19.2
10.8
7.1
12.5
10.0
11.7
13.3
9.1
-15.8
-14.8
-19.1 -13.4
-12.1 -15.8
-13.6
-10.2
-10.5
-12.3
4.5
-1.1
1.0
5.9
4.0
-0.1
3.6
5.3
0.4
2.2
5.3
7.8
13.7
8.5
5.1
10.7
13.9
13.9
0.5
4.4
10 6 .1 10 4 .9 10 6 .3 10 5 .6 10 5 .7 10 6 .1 10 6 .2 10 6 .6 10 4 .8 10 5 .2
110 .3 10 6 .7 10 9 .2 10 3 .2 10 8 .5 113 .4 10 6 .2 110 .3 10 7 .4 10 4 .3
26.8
33.3
32.1
29.6
30.3
29.7
30.1
27.6
26.3
32.9

LV

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

02-09
05-20
06-09
02-09
07-09
0 3 -0 9
0 2 -0 9
11-25

-36.1
-3.4 02-07
-44.0
2.7
01-07
-47.4
-9.0 09-06
-31.9
5.0 02-07
-76.9
-17.3
01-07
6 0 .5 10 0 .0 0 1- 0 7
5 5 .2 10 0 .0 0 3 - 0 7
9.9
20.4
10-22

10.7
21.2
13.9
23.5
18.5
119 .5
119 .4
31.5

-3.8
-3.5
1.5
1.0
-15.4
-11.3
1.7
0.9
-7.8
-8.4
9 8 .7 9 9 .2
10 1.1 10 0 .0
16.4
12.7

LT

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-09
03-09
11-09
04-09
05-09
0 4 -0 9
0 4 -0 9
01-26

-38.7
-7.3
11-07
-47.6
7.6 03-03
-37.7
-5.2 03-07
-52.4
1.9 04-07
-90.7 -23.7 03-07
6 0 .2 10 0 .0 0 4 - 0 7
6 5 .9 10 0 .0 0 2 - 0 7
7.8
18.4
11-22

14.2
36.5
12.0
42.1
11.5
118 .6
116 .0
31.5

-8.3
-8.3
-7.2
-6.9
-7.9
-8.4
-5.6
-4.2
-5.0
-5.4
-5.1
-5.0
5.7
8.0
5.4
9.9
5.8
7.4
4.0
8.5
8.6
5.8
-1.2
4.8
0.6
0.4
0.0
1.6
2.2
3.0
2.9
1.4
1.3
0.5
-2.7
-3.3
3.0
1.5
1.6
3.0
4.9
5.9
7.4
5.4
8.0
7.6
6.0
7.5
-9.6
-10.6
-12.5
-14.1 -13.0
-10.9
-9.3
-9.0
-7.9
-6.0
-5.0
-5.2
10 1.3 10 1.7 10 1.7 10 3 .5 10 2 .0 10 2 .6 10 3 .2 10 4 .7 10 4 .2 10 3 .2 10 1.1 10 2 .7
10 3 .3 10 2 .2 10 2 .6 10 2 .1 10 1.8 10 2 .3 10 2 .2 10 3 .1 10 2 .5 10 2 .3 10 3 .2 10 2 .8
12.1
12.3
12.7
12.2
12.4
14.2
14.1
14.6
7.8
9.2
9.2
12.6

LU

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
:
09-22
:
01-03
0 4 -2 0
:
08-21

-54.5
-16.2
08-21
22.1
:
:
:
:
-29.9
-8.1 02-02
3.6
:
:
:
:
-61.2
-9.2
09-17
44.0
7 1.5 10 0 .0 0 4 - 0 0 12 6 .5
: 10 0 .0
:
:
-25.1
-4.3 03-26
8.0

-6.4
:
-7.1
:
-24.5
10 4 .4
:
-6.6

-15.8
:
-12.0
:
-21.5
9 6 .6
:
-11.9

-14.8
:
-9.0
:
-22.3
9 9 .3
:
-5.6

-27.5
:
-9.4
:
-18.8
9 4 .0
:
-5.6

-20.7
:
-10.2
:
-21.4
9 7 .0
:
-9.5

HU

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

03-09
04-20
04-09
03-09
04-09
0 3 -0 9
0 3 -0 9
08-19

-35.0
-3.0
07-18
-50.9
-6.0
06-17
-57.6 -22.5 08-02
-38.9
-7.3
12-17
-56.1
-15.1 08-18
6 7 .1 10 0 .0 0 7 - 18
6 6 .2 10 0 .0 0 1- 18
4.1
24.8
11-22

-13.6
-15.0
-27.9
-23.7
-27.5
9 1.9
9 8 .2
30.4

-10.9
-17.3
-29.5
-22.5
-30.7
9 3 .4
9 7 .2
31.4

-14.4
-16.5
-28.8
-23.1
-29.7
9 0 .2
9 4 .7
33.2

-11.3
-18.0
-27.1
-20.9
-26.6
9 1.8
9 7 .7
30.7

MT

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
04-20
05-12
04-21
04-09
0 4 -2 0
0 4 -2 0
01-26

-61.9
-4.1 09-23
44.4
-69.4
20.3 05-07
62.2
-35.1
-9.4
02-18
16.3
-61.5
0.8 04-23
35.1
-50.4
-6.5
12-25
51.9
5 0 .5 10 0 .0 0 1- 2 6 12 1.8
6 2 .1 10 0 .0 0 9 - 2 1 12 4 .8
-22.9
15.6
10-22
38.3

-17.0
8.6
25.2
10.9
-0.1
0.3
10.3
9.9
16.8
46.5
9 8 .6 10 7 .5
10 1.6 10 6 .8
11.8
13.0

-5.8
-6.0
6.9
28.8
2.6
1.5
-6.3
5.2
-4.0
-10.4
9 8 .3 10 3 .9
9 8 .2 9 5 .9
13.5
24.0

NL

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
05-20
09-22
04-20
12-12
0 4 -2 0
0 4 -2 0
09-21

-31.3
-1.7
11-21
9.7
-55.5
4.9 02-07
45.3
-35.9
-7.9
01-00
9.9
-19.6
5.3 04-00
29.7
-47.5
1.0
12-17
41.7
5 9 .1 10 0 .0 0 2 - 0 7 119 .2
7 1.8 10 0 .0 10 - 2 1 117 .0
5.7
13.0
10-22
23.9

-3.3
-4.2
-4.7
-2.4
-1.9
-1.6
-2.3
-1.2
0.6
-0.7
-0.1
-0.4
3.7
5.1
6.0
7.1
5.4
5.2
5.8
4.5
6.4
4.4
4.2
-0.2
-17.0
-15.5
-13.7
-14.0
-13.9
-12.9
-9.3
-10.4
-12.0
-12.2
-18.1 -23.8
0.7
2.6
1.3
6.8
5.2
1.2
5.3
2.8
5.4
4.9
2.7
1.4
17.0
17.7
19.1
17.3
18.0
17.9
18.7
24.3
21.2
20.6
22.1
18.1
9 7 .1 9 7 .4 9 7 .3 10 0 .9 10 0 .1 10 0 .1 9 9 .9 10 0 .2 10 2 .3 10 2 .1 10 0 .6
9 8 .1
10 1.8 10 4 .9 10 2 .1 10 2 .3 10 2 .6 10 3 .5 10 4 .5 10 2 .5 10 2 .8 10 3 .6 10 3 .4 10 2 .8
13.5
12.9
10.6
11.3
11.2
12.8
11.8
12.5
11.0
10.7
13.6
16.6

17.2
17.3
6.4
14.7
30.8
12 1.8
12 0 .1
36.7

2025
2026
-11
-10
-9
-8
-7
-6
-5
-4
-3
-2
-1
0
May
J un
J ul
Aug
Sep
Oc t
No v
De c
J an
Feb
Mar
Apr
-5.1
-6.1
-4.7
-5.7
-4.4
-4.6
-3.6
-3.6
-2.6
-2.5
-4.4
-5.1
:
:
:
:
:
:
:
:
:
:
:
:
-2.3
-2.9
-4.5
-2.6
-0.9
-0.1
-0.9
-1.9
-1.8
-1.7
-3.0
-6.2
:
:
:
:
:
:
:
:
:
:
:
:
18.1
16.7
18.5
8.8
16.2
20.1
22.1
19.2
26.3
15.1
14.4
26.8
10 2 .8 10 1.7 10 2 .6 10 1.4 10 4 .3 10 3 .7 10 4 .8 10 4 .4 10 6 .0 10 5 .9 10 3 .5 10 2 .6
10 6 .7 10 8 .8 10 8 .9 10 5 .8 10 7 .5 111.0 10 7 .7 110 .2 111.0 10 9 .9 10 7 .7 10 8 .5
9.7
8.6
5.8
7.2
8.2
5.5
6.0
6.3
5.5
4.6
9.8
10.0
-12.4
-6.9
-17.4
-14.7
-12.2
9 0 .3
9 3 .3
12.1

-11.6
-4.0
-16.8
-11.2
-14.5
9 2 .6
9 3 .4
13.6

-3.3
0.2
-9.7
1.4
-8.8
9 9 .5
9 8 .2
11.8

-10.2
-6.8
-18.5
-10.2
-13.9
9 2 .7
9 4 .1
10.9

-5.1
0.6
-14.6
3.2
-9.1
9 7 .3
9 8 .3
13.6

-10.2
-2.1
-19.3
-16.7
-13.9
9 3 .1
9 2 .8
14.4

-6.5
-4.2
-15.5
-15.8
-15.2
9 4 .9
9 3 .8
14.9

-8.5
-2.6
-15.8
-12.3
-16.6
9 5 .3
9 6 .9
15.1

-8.7
-1.3
-1.8
-1.8
-16.3
-15.7
-12.8
-12.0
-15.2
-16.4
9 4 .4 10 0 .5
9 4 .5 9 5 .9
15.5
14.9

-5.7
-4.3
-14.3
-11.6
-16.7
9 7 .5
9 3 .5
14.2

-7.9
-4.3
-17.2
-15.0
-16.4
9 4 .4
9 6 .0
14.4

-8.4
-5.6
-21.8
-14.8
-18.0
9 1.4
9 1.9
19.2

-7.6
-6.6
-5.5
-6.5
-5.9
-6.4
-6.0
-6.9
3.0
2.9
4.5
5.2
8.7
7.3
7.9
5.7
-15.7
-15.4
-16.5
-16.6
-15.6
-15.1 -20.1 -23.9
9.0
12.7
14.4
13.4
7.6
11.1
8.1
9.6
2.1
4.7
4.3
3.2
-1.7
1.0
2.2
-0.4
9 9 .4 10 0 .7 10 1.9 10 1.2 10 2 .5 10 1.8 10 0 .5 9 7 .7
10 1.3 10 2 .4 10 5 .8 10 6 .2 10 5 .8 10 6 .7 10 5 .2 10 4 .7
22.8
22.4
22.2
22.1
21.6
22.9
25.3
27.4
2.7
-10.3
-26.2
-1.4
0.0
9 8 .9
9 5 .9
48.3

-5.4
-1.1
-28.9
-9.3
-1.5
9 7 .6
9 6 .9
46.7

-3.4
-4.2
-3.3
-3.9
-4.1
-3.9
-3.0
-3.6
2.0
2.6
3.3
3.9
4.0
3.5
4.2
1.5
-14.2
-5.1
-6.9
-8.3
-11.4
-10.1
-9.3
-15.6
4.3
4.9
5.4
2.3
2.9
2.0
3.2
1.4
-7.3
-4.5
-5.6
-6.5
-7.3
-7.1
-3.6
-4.5
9 8 .8 10 0 .8 10 1.3 10 0 .8 9 9 .6 10 0 .7 10 0 .8 9 8 .0
9 9 .4 10 0 .8 9 9 .7 10 1.7 10 0 .0 10 0 .7 10 1.0 10 0 .0
10.0
12.3
9.9
10.2
14.4
14.7
14.5
17.1

-28.1 -21.2
:
:
-9.4
-5.9
:
:
-13.9
-17.9
9 2 .4 10 0 .1
:
:
-2.2
-2.4

-24.9
:
-8.9
:
-17.4
9 5 .7
:
-0.4

-31.4
:
-8.8
:
-17.6
9 1.6
:
-5.4

-19.5
:
-6.2
:
-9.5
9 9 .4
:
-3.3

-14.0
:
-15.4
:
-12.4
9 7 .8
:
8.0

-19.9
:
-14.1
:
-12.8
9 6 .0
:
3.5

-9.0
-8.9
-11.2
-11.4
-24.7 -23.0
-21.4
-17.7
-26.1 -24.7
9 7 .3 9 6 .8
9 7 .1 10 0 .5
34.0
30.3

-11.4
-7.6
-9.0
-8.7
-24.4
-19.5
-17.2
-16.5
-24.7 -27.6
9 5 .3 9 9 .9
10 1.9 10 2 .6
32.3
31.2

-11.2
-13.1
-19.6
-18.2
-25.5
9 5 .1
10 1.6
25.9

-8.6
-16.0
-17.8
-19.0
-22.5
9 6 .5
9 8 .8
28.4

-11.1
-12.7
-18.4
-16.8
-26.4
9 5 .6
9 9 .6
32.1

-7.1
-9.3
-15.9
-13.5
-22.9
9 9 .6
9 8 .2
30.9

3.5
6.6
50.7
38.4
2.1
4.0
14.8
5.9
6.6
-3.6
114 .2 112 .0
117 .3 118 .4
0.4
17.0

-3.1
39.2
8.4
16.0
43.4
111.7
114 .2
16.9

12.0
11.2
50.8
59.8
5.1
6.6
22.3
24.5
51.9
45.0
119 .1 12 1.8
111.1 118 .0
-13.1 -22.9

16.7
8.8
-1.8
29.8
45.5
31.5
3.8
1.4
2.0
16.0
7.7
7.7
-31.9
-14.8
15.1
112 .0 114 .7 10 7 .5
9 9 .5 10 8 .4 9 6 .3
5.7
-19.0
-1.1

4

T ABLE 1 (continued) : Economic sentiment, employment expectations, sectoral confidence and uncertainty indicators (s.a.)

AT

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

S inc e 2000 (*)
M in.
M a x.
Ave .
Da te Va lue
Da te Va lue
03-09 -37.6
-4.9
06-21
19.3
04-20 -55.5
11.7
07-21
34.6
07-22 -34.2
-10.4
12-17
3.7
04-20 -52.7
-8.5
06-21
17.9
02-01 -61.6
-9.1 06-21
26.8
0 4 - 2 0 6 0 .4 10 0 .0 0 6 - 2 1 12 4 .5
0 4 - 2 0 6 0 .3 10 0 .0 10 - 2 1 12 3 .1
05-21
-6.4
14.8 09-22
27.2

PL

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
05-20
04-20
05-20
01-02
0 4 -2 0
0 4 -2 0
12-25

-42.4
-13.7 06-07
-1.8
-53.1
0.2
01-07
23.8
-27.7
-7.6
06-19
7.3
-40.2
-3.1 12-07
11.4
-66.6 -27.5 02-08
-0.7
4 8 .8 10 0 .0 0 5 - 0 7 12 2 .5
6 5 .6 10 0 .0 0 1- 0 8 12 1.6
9.4
18.9 03-22
31.3

-15.8
-3.8
1.8
-2.2
-17.9
10 0 .5
10 2 .3
10.5

PT

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

05-20
05-20
10-12
04-20
10-12
0 5 -2 0
0 4 -2 0
10-25

-38.6
-5.5 05-00
10.1
-55.5
4.5
06-01
30.0
-47.8
-19.9
01-00
-2.4
-31.7
-4.4 03-00
11.7
-63.7 -20.9 06-25
4.8
5 6 .1 10 0 .0 0 2 - 0 0 116 .7
6 0 .2 10 0 .0
11- 18 116 .8
-2.0
4.2
10-22
13.0

-4.4
-3.2
-3.1
-3.1
-3.4
-5.3
-0.2
-0.8
-3.6
-2.2
-1.8
-4.0
11.7
13.0
10.6
12.0
8.5
7.7
5.9
8.1
4.0
7.4
7.7
7.0
-15.9
-16.1 -15.0
-17.7
-17.4
-13.2
-15.1 -15.2
-13.7
-17.2 -25.4 -28.8
2.6
2.8
4.0
3.4
3.6
4.6
6.5
6.3
4.5
3.8
3.6
4.9
4.1
4.8
3.2
2.7
2.5
3.3
3.9
2.2
3.0
1.8
1.9
3.7
10 4 .9 10 6 .0 10 5 .3 10 5 .5 10 3 .8 10 3 .4 10 5 .4 10 6 .2 10 3 .4 10 4 .2 10 3 .5 10 0 .4
10 4 .7 10 5 .6 10 6 .4 10 3 .2 10 4 .8 10 5 .2 10 3 .9 10 3 .1 10 5 .8 10 7 .2 10 4 .5 10 3 .9
2.5
0.9
0.8
0.6
-0.8
-2.0
-0.6
-1.3
-0.2
0.1
4.0
3.8

RO

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
05-20
06-10
04-20
03-00
0 4 -2 0
0 4 -2 0
07-21

-32.1
-1.3 04-03
10.4
-44.8
8.7 06-04
62.9
-53.5
-18.1 03-17
0.1
-28.1
7.7 05-03
25.3
-46.7
-15.4
12-07
1.9
5 7 .4 10 0 .0 0 6 - 0 4 12 5 .4
5 3 .4 10 0 .0 0 5 - 15 115 .3
0.3
7.9 04-26
17.5

-1.9
-1.5
3.2
3.3
-15.3
-25.1
-1.3
-2.5
-8.8
-9.2
9 9 .3 9 6 .8
10 4 .3 10 2 .9
8.6
9.8

SI

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

01-09
04-20
09-12
04-20
03-10
0 4 -2 0
0 4 -2 0
08-21

-38.1
-0.9 09-06
-37.9
13.9
10-02
-43.1 -22.2
04-18
-29.8
11.7 09-07
-62.3
-3.2 04-07
6 0 .6 10 0 .0 0 7 - 0 7
7 5 .7 10 0 .0 0 1- 18
13.5
20.2 03-22

15.1
39.0
-4.3
37.8
27.5
116 .8
119 .0
30.8

-7.8
-9.7
-6.9
-5.6
-5.1
-6.9
-4.5
-2.8
-3.1
-7.9
-7.9
-8.8
17.2
15.4
15.0
16.3
14.8
16.7
14.9
18.0
15.6
13.9
14.1
14.6
-24.4 -25.3 -27.6 -26.5 -24.7 -25.2 -24.2 -24.7
-21.4 -23.0 -23.0 -30.8
7.1
-1.1
3.1
-0.4
6.1
11.9
11.4
20.3
14.2
7.6
14.5
1.4
6.2
4.1
6.5
4.3
12.8
10.3
14.9
12.4
8.7
7.6
6.6
6.2
9 8 .5 9 5 .9 9 7 .0 9 8 .7 9 9 .6 9 8 .9 10 0 .2 10 1.9 10 2 .0 9 7 .3 9 8 .2 9 4 .8
10 4 .4 10 3 .8 10 2 .8 10 4 .6 10 4 .6 10 4 .9 10 3 .9 10 6 .9 10 6 .3 10 2 .5 10 3 .3 10 3 .3
17.2
18.5
17.9
16.6
19.2
19.1
21.2
21.4
20.2
21.4
22.4
24.7

SK

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
05-20
02-04
04-09
11-12
0 4 -2 0
0 4 -0 9
05-25

-50.6
1.1 05-07
-64.8
16.6 04-02
-37.5
-19.4 04-07
-21.7
12.1 03-08
-57.4
-21.2 07-06
4 8 .7 10 0 .0 0 5 - 0 7
7 1.0 10 0 .0
11- 17
2.4
18.2
01-23

23.1
63.4
3.0
35.6
5.1
12 4 .1
12 1.4
32.6

-5.9
-6.7
-2.6
4.2
-3.0
-10.3
-8.3
3.7
-3.0
-0.2
0.4
2.4
3.8
-4.9
4.5
3.9
-21.9 -20.9
-19.3
-20.1 -19.5 -23.4
-24.1 -23.6
7.4
8.5
9.9
8.1
7.7
8.4
11.5
13.7
-9.2
-2.1
-5.8
-6.5
-4.7
-4.3
-3.4
0.4
9 1.5 9 3 .3 9 5 .5 9 8 .7 9 5 .7 8 8 .9
9 1.6 9 7 .5
10 7 .3 10 7 .3 10 4 .2 10 7 .7 10 6 .6 10 5 .2 10 6 .9 10 7 .1
2.4
3.8
15.1
16.6
13.0
18.5
12.4
14.5

-0.5
-3.4
0.5
0.3
0.2
-4.3
-25.1 -23.4 -25.4
9.3
2.2
-4.6
-5.2
-4.3
-3.9
9 4 .1 9 3 .1 9 2 .3
9 7 .0 10 3 .9 10 0 .5
19.4
16.7
17.5

3.2
2.8
-25.4
-2.4
-4.4
9 4 .2
9 8 .6
15.6

FI

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

03-09
04-20
09-22
04-20
06-09
0 4 -2 0
0 4 -2 0
02-20

-36.9
-1.0 03-07
24.9
-49.2
9.7 09-00
58.4
-18.5
-3.4
12-17
7.2
-33.8
-1.4
02-18
25.7
-57.1 -10.4 03-07
27.5
6 7 .2 10 0 .0 0 9 - 0 0 12 0 .6
6 1.0 10 0 .0 12 - 0 0 13 2 .5
3.1
20.1 04-20
40.5

-8.8
2.3
-8.6
10.2
-30.8
9 2 .5
9 7 .2
22.8

-8.5
4.8
-8.6
3.4
-32.1
9 3 .4
9 4 .8
20.0

-4.8
3.5
-6.9
0.5
-36.2
9 5 .2
9 5 .7
21.6

-1.9
6.9
-8.0
2.1
-26.2
9 7 .4
9 6 .9
21.0

2.3
3.0
-6.9
5.0
-21.9
9 8 .7
9 8 .2
18.8

-0.4
6.4
-8.5
2.3
-22.6
9 7 .1
9 8 .2
18.4

2.0
0.3
-12.6
11.9
-18.5
9 4 .3
9 4 .1
24.7

SE

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

03-09
04-20
10-22
01-09
07-03
0 4 -2 0
0 4 -2 0
05-19

-39.2
-0.2
12-21
32.0
-55.8
18.2
11-10
47.7
-27.5
-1.0
05-21
9.1
-39.6
12.1
01-10
44.9
-67.1
-5.2 04-07
50.5
6 3 .4 10 0 .0 10 - 2 1 12 2 .5
6 5 .5 10 0 .0 10 - 2 1 12 0 .5
-10.4
14.5 09-22
28.1

-1.8
14.8
-10.1
18.1
-10.3
9 5 .6
10 0 .1
23.7

-3.0
12.3
-8.0
13.0
-11.8
9 4 .7
9 9 .6
21.5

-6.5
19.1
-6.0
16.0
-19.1
9 5 .2
9 7 .6
18.5

-3.4
17.7
-6.8
19.2
-12.3
9 6 .9
9 9 .4
19.7

-3.0
-3.1
-2.5
1.2
17.6
20.2
21.6
24.7
-5.0
-3.6
-3.3
-3.7
17.7
28.2
24.2
27.0
-16.8
-11.6
-2.0
-9.9
9 7 .2 9 8 .9 9 9 .5 10 1.6
9 8 .7 10 0 .5 10 0 .9 10 2 .5
20.7
18.6
18.6
18.0

ME

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

12-20
07-20
07-20
07-20
05-12
0 7 -2 0
0 4 -2 0
12-25

-30.4
3.9 07-22
-65.6
9.7
11-25
-36.6
-11.7 06-23
-34.4
8.4
07-19
-54.1
-9.0 08-24
5 4 .4 10 0 .0 0 7 - 2 3
7 1.2 10 0 .0 0 5 - 2 4
2.9
32.3 03-22

4.3
5.9
6.0
7.5
10.2
2.4
2.6
6.2
9.5
10.4
11.4
11.1
14.1
27.2
35.5
15.3
-2.1
-0.2
-3.4
-6.2
-6.3
-5.7
-10.6
-7.4
8.5
6.3
6.3
5.3
7.0
6.2
5.3
7.8
11.1
5.8
4.6
4.2
2.5
2.9
1.7
1.6
10 3 .6 10 6 .5 10 4 .6 10 5 .7 10 7 .6 10 8 .2 10 8 .9 10 4 .3
113 .1 10 6 .8 10 8 .6 10 9 .5 112 .2 113 .5 10 4 .6 10 9 .0
15.0
26.8
18.5
25.5
21.1
29.7
18.0
2.9

-0.4
14.3
-5.9
4.5
-1.9
10 1.7
111.3
10.4

MK

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
04-20
10-22
04-20
04-20
0 4 -2 0
0 4 -2 0
10-24

-53.9
-3.0 07-08
11.5
-56.9
8.7 05-08
27.3
-42.2
-13.4
06-17
5.5
-36.6
3.0
12-25
22.5
-34.6
-11.3
01-11
29.1
2 6 .2 10 0 .0 0 6 - 0 8 12 5 .7
6 0 .9 10 0 .0 0 6 - 0 8 13 8 .5
27.8
40.1 03-22
57.9

-9.3
-10.4
-9.4
15.3
14.3
10.8
-2.4
0.0
0.7
7.4
12.2
13.9
-6.9
-9.8
-6.3
10 0 .6 9 8 .6 9 9 .8
10 6 .1 10 7 .4 10 8 .4
32.7
33.0
32.9

-11.5
-10.9
8.9
13.6
-5.1
-7.5
21.1
18.2
-4.6
-5.6
9 5 .0 9 6 .9
110 .3 115 .0
33.9
33.4

AL

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

04-20
04-20
04-20
04-20
04-20
0 4 -2 0
0 4 -2 0
02-26

-25.3
6.2 08-22
12.9
-42.4
17.8 05-24
30.7
-28.6
-13.2
07-17
-3.1
-27.9
9.2
07-21
21.3
-43.6
-14.3 02-24
3.3
3 5 .2 10 0 .0
11- 17 113 .9
4 0 .4 10 0 .0 0 3 - 2 3 12 2 .5
-0.1
18.9 04-20
48.6

5.0
3.4
4.0
5.3
4.8
5.6
4.4
8.5
5.8
3.8
7.9
3.3
30.3
25.8
27.3
26.9
27.5
28.2
22.4
21.9
25.8
23.1
25.4
21.5
-10.6
-10.2
-11.1
-11.4
-11.7
-12.0
-11.1 -10.6
-11.3
-12.5
-14.2
-17.0
15.4
11.8
11.0
12.0
9.3
10.0
12.0
13.7
17.0
15.4
17.1
10.4
-3.9
-4.5
-6.0
-4.5
-8.3
-6.8
-5.0
-4.7
-3.5
-7.6
-10.6
-2.1
10 7 .7 10 4 .3 10 2 .7 10 5 .4 10 4 .8 10 6 .6 10 3 .3 10 7 .7 10 6 .3 10 2 .0 10 5 .8
9 9 .1
116 .9 10 7 .9 117 .3 10 3 .6 110 .1 117 .0 10 8 .0 114 .4 10 7 .6 110 .8 114 .9 114 .4
3.9
11.3
2.5
4.2
8.2
7.7
6.7
1.9
0.9
-0.1
6.3
4.5

22.4
35.5
6.7
22.8
14.9
113 .3
12 1.8
73.7

-11
May
-13.5
7.2
-18.5
-5.2
-19.1
9 2 .2
9 0 .8
13.8

-10
J un
-15.8
5.0
-18.3
-2.6
-18.7
9 0 .8
9 2 .8
15.5

-9
J ul
-14.4
9.6
-17.0
-1.5
-16.4
9 3 .0
9 6 .2
13.4

-15.4
-16.0
-3.2
-3.5
2.8
-2.5
-1.8
-2.3
-18.6
-17.7
10 1.3 9 9 .2
10 3 .1 10 2 .3
11.7
11.0

-2.0
2.2
-31.9
-6.2
-9.6
9 4 .5
9 9 .8
12.4

2025
-8
-7
Aug
Sep
-15.1 -18.3
5.7
2.7
-14.1 -18.7
-3.2
-2.8
-17.8
-16.9
9 3 .6 8 8 .7
9 5 .4 9 0 .6
11.6
15.9

-6
Oc t
-14.3
7.3
-17.7
-4.4
-14.1
9 2 .1
9 5 .2
16.5

-5
No v
-13.2
5.9
-17.5
-4.5
-14.5
9 2 .7
9 2 .1
12.3

-4
De c
-12.9
11.3
-16.1
-6.9
-18.8
9 4 .7
9 1.7
12.8

-3
J an
-11.9
13.7
-18.6
-6.4
-20.2
9 4 .8
9 8 .2
12.3

2026
-2
-1
Feb
Mar
-15.0
-12.7
8.6
4.7
-13.3 -20.4
-2.1
5.3
-25.7
-19.4
9 3 .0
9 1.7
9 0 .5 9 0 .6
13.7
16.0

0
Apr
-12.5
0.9
-24.1
-5.5
-23.5
8 8 .3
8 8 .8
20.5

-16.5
-15.3
-15.6
-14.9
-15.5
-14.2
-14.3
-14.9
-13.7
-2.9
-3.4
-3.3
-2.6
-2.0
-1.4
-1.7
-2.5
-4.5
1.3
-1.0
-4.7
-4.5
-1.4
1.5
-3.1
-2.0
-4.9
-2.4
-2.3
-1.6
-2.4
-1.7
-0.6
-0.7
-0.5
-0.6
-18.2
-17.4
-17.4
-17.1 -16.5
-16.5
-16.3
-15.6
-15.9
9 9 .9 9 9 .9 9 8 .4 9 9 .3 10 0 .2 10 3 .0 10 1.4 10 1.0 10 0 .2
10 1.9 10 2 .9 10 2 .8 10 2 .7 10 2 .9 10 3 .6 10 3 .2 10 2 .9 10 2 .9
9.9
9.6
11.2
9.8
9.4
11.1
10.1
12.1
13.8

-2.0
-1.7
0.6
-0.4
-31.7
-31.5
-3.1
-5.0
-9.8
-10.8
9 4 .3 9 4 .2
9 9 .7 10 1.8
12.5
12.7

-2.6
-2.2
-1.3
0.2
-30.6 -29.8
-7.3
-2.4
-10.8
-10.9
9 2 .0 9 4 .2
10 2 .1 10 0 .8
10.3
12.4

-4.6
3.2
-7.5
0.4
-25.0
9 4 .8
9 8 .5
19.4

-5.9
5.1
-6.3
-0.7
-24.9
9 5 .0
9 6 .8
19.6

-2.1
-0.2
-30.9
-1.5
-11.7
9 3 .1
10 1.7
12.5

-1.0
-0.7
-6.7
-1.7
-29.0
9 5 .8
9 6 .1
21.6

-11.6
-11.1
-8.6
-7.7
-8.2
13.8
10.0
5.8
8.2
12.3
-1.6
-1.2
-3.0
-1.9
-6.9
15.1
13.9
16.6
16.7
22.5
-7.7
-8.0
-3.5
-4.1
-1.2
9 7 .9
9 6 .1 9 7 .7 9 9 .4 10 1.2
119 .2 116 .5 118 .9 116 .4 114 .5
32.7
32.2
36.1
36.3
38.0

-2.3
-1.2
-34.6
-2.3
-11.7
9 2 .2
9 9 .0
13.1

-1.6
-0.9
-31.7
-1.3
-11.2
9 3 .7
9 9 .0
12.9

3.0
3.1
-10.3
9.1
-23.9
9 6 .9
9 6 .1
17.4

-3.0
-2.0
-32.2
-4.3
-12.4
9 1.9
9 7 .6
16.4

0.9
-1.3
-11.4
-5.6
-14.9
9 4 .5
9 3 .5
22.4

-3.3
-1.5
-35.1
-3.3
-13.0
9 1.1
9 8 .1
17.5

-0.2
-2.8
0.2
-0.7
25.4
23.4
20.4
22.7
-2.1
-2.6
-4.5
-7.3
27.1
23.6
15.4
23.4
-17.0
-9.1
-2.8
-5.5
10 1.9 10 0 .1 9 9 .8 9 8 .7
10 1.5 10 1.6 10 1.0 10 0 .0
15.8
19.3
22.4
24.1
1.5
5.0
0.1
11.8
17.9
15.4
-9.8
-11.0
-11.7
5.0
2.7
9.3
3.3
6.9
10.6
10 0 .1 10 4 .7 10 1.2
10 1.8 113 .2 10 8 .2
6.7
32.4
30.1
-7.8
-13.8
13.9
13.1
-11.8
-13.5
14.8
18.3
-3.6
-6.7
10 1.6 9 3 .8
114 .0 10 8 .9
34.9
35.7

5

T ABLE 1 (continued) : Economic sentiment, employment expectations, sectoral confidence and uncertainty indicators (s.a.)

RS

( a)

T R ( a)

Indus try
S e rvic e s
C o ns um e r
R e ta il tra de
C o ns truc tio n
= ES I
EEI
EUI (n )

S inc e 2000 (*)
M in.
M a x.
Ave .
Da te Va lue
Da te Va lue
04-20 -23.5
2.7
01-15
9.7
04-20 -54.9
6.0
07-21
20.2
09-14 -22.7
-4.5 06-20
14.7
04-20 -23.2
8.5
12-19
19.5
06-13 -43.0
-9.3
02-19
9.9
0 4 - 2 0 4 5 .5 10 0 .0
11- 19 116 .0
0 4 - 2 0 7 8 .5 10 0 .0 0 8 - 19 118 .0
09-19
5.1
24.4 09-22
34.4

-11
May
-2.2
-6.2
-4.8
10.1
-5.6
9 1.0
9 7 .9
23.5

-10
J un
-4.4
-6.4
-3.1
9.5
-6.1
8 9 .4
9 2 .7
20.7

-9
J ul
-4.6
-4.3
-6.3
10.1
-7.2
8 8 .9
9 7 .4
21.5

2025
-8
-7
Aug
Sep
-0.7
0.0
0.4
-0.1
-5.2
-3.5
3.5
6.5
-10.2
-8.2
9 4 .5 9 5 .3
9 6 .1 9 2 .3
19.8
28.3

-6
Oc t
-4.0
-0.2
-4.2
6.1
-7.6
9 1.4
9 1.0
24.9

-5
No v
-0.5
-2.0
-2.3
4.3
-10.9
9 4 .4
9 2 .0
24.5

-4
De c
0.7
-2.7
-5.9
12.9
-6.3
9 5 .2
9 2 .5
31.0

-3
J an
-3.6
4.6
2.4
9.8
-7.2
9 6 .8
9 6 .7
23.5

2026
-2
-1
Feb
Mar
-0.5
-1.0
-0.9
1.0
-2.6
-4.5
2.7
11.9
-3.9
-5.4
9 4 .9 9 5 .2
8 9 .8
9 1.0
21.2
24.7

0
Apr
0.7
-2.9
-3.9
9.1
-6.4
9 5 .2
9 1.6
30.4

Indus try
11-08 -36.0
-0.8
09-21
9.1
-2.2
-1.9
-1.7
-1.4
-1.6
-0.2
0.8
1.7
0.0
1.9
-2.3
-2.2
S e rvic e s
04-20 -35.2
20.7
06-11
31.7
19.3
19.8
19.3
20.5
20.9
20.3
20.4
20.1
20.8
20.7
18.3
18.1
C o ns um e r
06-22 -36.8
-10.9 09-07
8.5
-15.5
-15.2
-17.1 -16.2
-16.2
-16.5
-15.3
-16.6
-16.5
-14.9
-15.4
-15.0
R e ta il tra de
04-20
-16.9
17.7
02-13
26.6
12.2
9.7
10.3
11.0
11.3
13.3
13.2
13.6
12.4
15.0
13.5
12.9
C o ns truc tio n
04-20
-46.1
-11.0
07-11
6.8
-11.6
-13.1
-11.7
-15.0
-12.2
-16.4
-15.1 -14.9
-14.2
-14.8
-18.6
-15.8
= ES I
0 4 - 2 0 3 8 .0 10 0 .0 0 6 - 11 114 .5
9 6 .8 9 7 .2 9 6 .8 9 8 .4 9 8 .5 9 8 .6 9 9 .2 9 9 .5 9 8 .8 10 0 .7 9 5 .9 9 6 .0
EEI
0 4 - 2 0 3 8 .7 10 0 .0 0 5 - 11 117 .1
9 4 .9 9 3 .6 9 3 .5 9 5 .4 9 6 .6 9 8 .6 9 7 .3 9 2 .8 9 7 .7 9 4 .5 9 4 .4 8 9 .3
(n )
03-25
12.0
19.6 06-20
48.9
16.3
15.0
14.9
14.1
14.6
14.6
15.0
14.1
13.6
12.1
15.4
16.2
EUI
In the ta ble s : (s .a .) = s e a s o na lly a djus te d, (n) = no t s e a s o na lly a djus te d, : = no t a va ila ble .
(*) M inim um , m a xim um a nd a ve ra ge s a re c a lc ula te d o ve r the pe rio d o f a va ila bility whic h is no t ne c e s s a rily a s fro m 01/2000.
(a ) Due to s ho rte r a va ila ble s a m ple pe rio ds a nd the im plie d im pa c t o n the s ta nda rdis a tio n o f the tim e s e rie s , pa s t va lue s o f the ES I a nd EEI we re re vis e d to a lign the
va ria bility o f the indic a to rs to tho s e o f EU M e m be r S ta te s . De ta ille d re s ults fo r individua l s urve y que s tio ns a re a va ila ble o n the C o m m is s io n B C S we bs ite :
https ://e c .e uro pa .e u/e c o no m y_fina nc e /bc s
The e c o no m ic s e ntim e nt indic a to r a nd the e m plo ym e nt e xpe c ta tio ns indic a to r a re c o m po s ite indic a to rs . M o re info rm a tio n a bo ut the ir c o m puta tio n is a va ila ble in
the us e r guide publis he d o n the C o m m is s io n B C S we bs ite .
All c o nfide nc e indic a to rs a re ba la nc e s .
The c o untry we ights ha ve be e n upda te d in J a nua ry 2026.

6

T ABLE 2: Monthly survey of manufacturing industry (s.a.)
S inc e 2000 (*)
M in.

2026

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

-4.1
-3.9
-8.3
-2.8
0.6
-7.4
-4.7
1.0
11.0
-4.5
-6.4
-6.1
-1.3
-3.9
-3.3
-3.4
-7.3
-16.2
-3.0
-4.1
-1.7
-4.9
-13.7
-5.5
-1.3
-0.9
1.1
-1.0
-0.2

Da te Va lue
12-21
13.2
10-21
14.7
06-21
7.0
01-08
11.9
06-00
29.0
10-21
10.5
09-21
24.2
12-06
26.3
12-18
30.5
01-22
13.6
02-22
9.5
06-00
15.3
02-18
15.7
05-00
11.5
03-08
21.1
02-07
10.7
11-07
14.2
08-21
22.1
07-18
17.2
09-23
44.4
11-21
9.7
06-21
19.3
06-07
-1.8
05-00
10.1
04-03
10.4
09-06
15.1
05-07
23.1
03-07
24.9
12-21
32.0

May
-10.1
-9.9
-10.9
0.6
-5.1
-9.5
-17.5
-10.4
9.5
5.2
-5.1
-10.3
2.2
-8.1
1.1
-3.8
-8.3
-6.4
-13.6
-17.0
-3.3
-13.5
-15.8
-4.4
-1.9
-7.8
-5.9
-8.8
-1.8

J un
-11.0
-11.4
-9.4
-0.2
-7.4
-12.1
-20.5
-11.9
9.9
3.3
-6.1
-12.4
1.5
-7.4
0.1
-3.5
-8.3
-15.8
-10.9
8.6
-4.2
-15.8
-15.4
-3.2
-1.5
-9.7
-6.7
-8.5
-3.0

J ul
-10.1
-10.0
-14.1
-1.5
-8.8
-15.2
-18.0
-10.0
6.5
9.5
-4.7
-11.6
2.2
-6.9
2.1
-3.3
-7.2
-14.8
-14.4
-5.8
-4.7
-14.4
-16.0
-3.1
-2.0
-6.9
-2.6
-4.8
-6.5

Aug
-10.2
-9.8
-11.3
-1.1
-5.4
-14.7
-19.4
-11.6
10.1
11.0
-5.7
-10.2
-0.2
-7.6
2.8
-5.1
-6.9
-27.5
-11.3
-6.0
-2.4
-15.1
-16.5
-3.1
-2.0
-5.6
4.2
-1.9
-3.4

Sep
-9.8
-9.8
-11.3
-0.4
-6.0
-12.4
-20.1
-10.3
8.3
3.2
-4.4
-10.2
3.9
-7.6
4.4
-3.4
-7.9
-20.7
-9.0
3.5
-1.9
-18.3
-15.3
-3.4
-1.7
-5.1
-3.0
2.3
-3.0

Oc t
-8.6
-8.0
-12.4
-1.9
-2.5
-18.0
-18.1
-9.6
13.1
3.7
-4.6
-6.5
2.7
-6.6
2.6
-4.2
-8.4
-28.1
-8.9
6.6
-1.6
-14.3
-15.6
-5.3
-2.6
-6.9
-10.3
-4.6
-3.1

No v
-9.3
-9.0
-14.1
-1.1
-7.2
-18.2
-18.8
-9.6
3.6
2.5
-3.6
-8.5
4.5
-5.5
3.6
-3.3
-5.6
-21.2
-11.4
-3.1
-2.3
-13.2
-14.9
-0.2
-2.2
-4.5
-8.3
-5.9
-2.5

De c
-8.7
-8.6
-14.3
1.0
-7.9
-19.7
-20.7
-9.1
13.2
5.6
-3.6
-8.7
4.9
-6.5
3.6
-3.9
-4.2
-24.9
-7.6
12.0
-1.2
-12.9
-15.5
-0.8
-2.1
-2.8
3.7
-1.0
1.2

J an
-7.4
-6.9
-12.5
-1.4
-7.7
-19.0
-17.4
-9.5
14.5
2.7
-2.6
-1.3
1.5
-5.9
-0.5
-4.1
-5.0
-31.4
-11.2
11.2
0.6
-11.9
-14.2
-3.6
-2.3
-3.1
-0.5
-0.4
-0.2

Feb
-7.6
-7.3
-14.9
-3.3
-5.5
-20.7
-15.4
-10.1
10.7
4.1
-2.5
-5.7
-0.1
-6.4
3.5
-3.9
-5.4
-19.5
-8.6
16.7
-0.7
-15.0
-14.3
-2.2
-1.6
-7.9
-3.4
3.0
-2.8

Mar
-7.4
-7.0
-14.2
-1.5
-3.3
-18.1
-14.7
-10.4
19.7
3.2
-4.4
-7.9
5.0
-6.0
2.7
-3.0
-5.1
-14.0
-11.1
8.8
-0.1
-12.7
-14.9
-1.8
-3.0
-7.9
0.5
0.9
0.2

Apr
-7.5
-7.7
-12.2
-2.6
-3.2
-15.4
-14.5
-10.3
13.8
2.5
-5.1
-8.4
5.8
-6.9
-5.4
-3.6
-5.0
-19.9
-7.1
-1.8
-0.4
-12.5
-13.7
-4.0
-3.3
-8.8
3.2
2.0
-0.7

Ave .

INDUS TR IAL
C ONF IDENC E
INDIC ATOR (a )

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
04-20
04-20
03-09
04-20
02-09
02-09
03-09
04-20
04-20
03-09
03-09
04-20
04-20
03-09
04-20
02-09
04-09
04-20
03-09
04-20
04-20
03-09
04-20
05-20
04-20
01-09
04-20
03-09
03-09

P R ODUC TION
EXP EC TATIONS
(Que s tio n 5)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

04-20
04-20
04-20
04-20
04-20
02-09
04-20
04-20
04-20
08-15
04-20
04-20
04-20
03-09
04-20
04-20
04-09
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20

-57.5
-57.1
-40.4
-46.9
-57.3
-31.4
-51.3
-62.4
-60.8
-32.0
-53.1
-69.5
-54.8
-25.3
-87.3
-37.1
-33.4
-75.8
-63.5
-74.7
-59.0
-52.4
-68.6
-53.2
-75.9
-48.0
-78.7
-44.5
-50.3

8.5
8.0
-1.4
19.6
14.0
10.9
4.5
11.1
40.8
16.8
3.1
7.4
19.1
8.9
4.7
10.3
11.5
-1.9
6.0
19.9
6.7
9.4
6.7
4.7
8.9
17.8
17.7
10.9
20.5

11-21
09-21
01-11
09-08
06-00
05-18
09-21
03-02
06-00
02-00
08-00
11-00
08-17
07-00
10-06
03-02
02-03
04-16
01-00
03-23
02-18
08-00
12-06
08-00
03-03
06-06
05-07
05-07
09-10

22.3
24.8
15.9
44.2
55.8
29.5
31.0
48.6
70.7
44.7
17.5
26.1
49.0
31.1
41.8
38.2
39.4
40.3
29.6
74.1
19.9
32.5
28.0
23.7
38.5
42.7
60.2
39.0
45.0

2.5
2.6
-4.7
16.8
7.5
9.0
-1.8
0.8
29.1
30.0
0.1
-0.7
27.8
-0.4
-0.4
6.6
9.8
15.8
-4.6
35.6
5.8
6.7
-3.3
3.1
2.7
4.7
3.3
4.8
14.4

2.3
2.7
-5.2
10.6
2.2
15.0
-3.0
-1.6
36.4
28.1
-1.9
0.2
20.3
1.1
-1.0
6.4
11.4
-8.2
-1.3
44.2
3.7
1.3
-3.1
4.3
2.9
6.8
-3.2
5.5
12.9

4.9
5.5
-9.8
9.2
0.0
18.1
2.7
-0.9
28.2
29.1
1.8
1.0
16.7
1.6
-0.3
5.7
13.2
-5.7
-4.3
33.6
4.1
6.0
-2.5
4.8
1.2
8.0
11.1
16.4
8.1

4.4
4.6
-1.9
12.4
4.4
23.0
-3.3
-1.2
46.7
35.0
4.3
-0.7
15.6
0.6
7.3
5.1
9.2
-16.4
0.3
18.1
6.6
-1.1
-2.3
4.1
1.0
6.0
24.5
19.7
12.7

6.0
6.5
1.3
13.1
6.4
12.9
1.2
2.4
28.9
25.7
3.3
8.8
21.3
-0.4
8.0
7.4
9.8
-3.4
0.5
27.9
9.0
-3.6
-2.5
7.1
2.3
10.3
12.1
25.3
12.3

8.0
8.1
-3.5
12.4
18.5
12.5
2.0
3.4
31.5
25.0
5.9
15.6
23.7
1.8
5.6
8.6
9.0
-24.8
0.3
35.1
9.3
5.1
-2.1
-0.4
0.0
10.1
-8.8
10.4
17.2

6.1
5.9
-7.1
12.6
6.1
12.8
-2.4
0.8
24.4
25.7
4.0
11.7
14.1
3.2
8.8
8.7
14.7
-2.5
-2.5
18.6
8.8
3.4
-0.8
12.1
0.1
14.3
3.0
16.7
14.5

7.6
7.0
-2.7
16.4
3.2
13.7
-3.8
3.3
36.2
26.7
4.0
9.4
26.4
2.5
7.0
8.4
19.2
-20.3
-2.3
33.2
9.4
5.3
-3.0
10.4
2.5
16.0
31.1
21.4
21.5

8.0
7.9
-6.2
13.3
-2.0
7.0
-2.7
1.5
50.0
28.2
1.8
14.4
12.9
2.9
-0.1
10.4
14.1
-34.1
-5.8
37.5
12.2
8.9
-1.0
4.0
-0.2
10.8
17.6
19.7
22.2

7.7
7.7
-2.2
12.8
6.4
5.6
1.5
2.8
41.5
28.6
6.1
8.0
17.1
2.4
3.4
6.9
14.6
-1.2
2.5
59.8
7.3
0.1
-1.7
11.2
2.0
3.0
7.7
23.7
12.8

7.0
6.9
-8.6
12.6
10.9
12.4
-0.4
3.0
57.0
19.4
0.6
7.8
19.3
2.1
-1.8
12.4
13.8
-6.5
-4.0
26.0
10.4
2.4
-3.1
9.8
-1.3
4.3
12.6
23.7
19.5

4.3
3.5
-12.4
8.4
6.1
18.6
-3.9
-0.3
36.3
19.0
-2.6
4.8
19.9
1.1
-12.2
8.4
13.4
-14.4
0.2
10.5
8.3
5.3
-2.2
0.7
-1.7
1.9
31.5
22.9
19.2

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

06-09
03-09
05-20
08-00
06-20
02-09
05-09
03-09
04-09
02-09
04-09
03-09
07-09
05-20
05-20
02-09
04-09
03-09
03-09
05-20
06-09
05-09
12-01
05-20
06-20
04-09
05-20
03-09
06-09

-57.8
-60.2
-57.1
-65.9
-63.5
-83.4
-62.8
-68.3
-55.0
-61.1
-59.9
-65.7
-61.4
-65.9
-79.3
-70.3
-68.1
-83.0
-68.4
-80.2
-43.9
-59.3
-83.0
-70.2
-43.2
-81.5
-80.0
-66.4
-62.9

-14.6
-13.3
-20.1
-32.2
-6.4
-22.3
-11.0
-11.8
-3.6
-18.9
-12.9
-16.2
-24.4
-16.7
-29.2
-23.2
-33.0
-34.0
-15.2
-22.9
-6.8
-17.5
-46.5
-18.6
-14.0
-13.3
-12.0
-10.4
-11.7

02-22
12-21
06-00
07-19
11-00
09-06
04-22
12-06
07-21
01-22
02-22
06-00
03-22
12-21
06-07
11-05
11-07
06-04
07-18
09-23
02-22
08-21
06-18
05-00
10-03
03-07
06-01
03-07
12-21

11.1
14.5
11.8
-7.0
29.5
5.6
29.5
26.5
27.4
14.0
13.6
27.8
5.3
14.0
4.3
-2.8
6.8
29.9
27.0
40.5
14.2
14.3
-23.6
8.6
-0.8
20.8
14.0
38.2
39.0

-25.6
-24.3
-35.3
-17.4
-16.3
-29.4
-36.5
-35.1
-0.4
-2.9
-9.1
-22.2
-16.5
-21.5
-20.1
-21.0
-33.3
-24.2
-40.3
-39.5
-9.1
-36.3
-42.4
-14.0
-11.0
-25.0
-17.0
-24.2
-21.8

-27.2
-27.6
-30.0
-14.8
-16.8
-41.1
-42.7
-38.6
-8.9
-5.7
-10.3
-22.2
-19.3
-21.2
-17.4
-20.0
-34.2
-24.4
-40.4
-19.0
-10.0
-38.5
-40.9
-12.0
-10.1
-30.5
-18.0
-29.1
-18.6

-26.8
-26.8
-33.7
-16.4
-17.3
-41.2
-39.5
-33.1
-24.5
5.7
-9.5
-19.7
-10.9
-20.7
-17.5
-18.7
-35.3
-23.5
-40.4
-23.4
-11.0
-38.2
-43.7
-11.4
-11.0
-25.0
-19.0
-29.7
-20.4

-26.2
-24.9
-33.8
-18.1
-17.1
-42.1
-38.1
-35.2
-11.8
2.3
-11.6
-19.6
-16.6
-20.5
-17.3
-21.3
-33.3
-50.2
-37.0
-14.6
-10.0
-38.9
-44.7
-12.0
-10.4
-22.3
-14.0
-27.3
-22.5

-26.9
-26.3
-34.0
-16.5
-19.5
-42.2
-42.0
-35.4
-11.2
-5.7
-11.0
-23.1
-13.6
-19.7
-15.2
-19.4
-34.6
-48.9
-36.4
-3.7
-9.5
-39.4
-41.5
-13.6
-10.9
-23.3
-17.0
-21.4
-20.4

-25.1
-23.1
-32.6
-20.4
-19.3
-42.7
-38.8
-33.2
-5.0
-5.8
-10.3
-15.3
-19.5
-19.5
-23.6
-22.9
-35.0
-42.9
-32.7
-7.3
-8.9
-35.7
-42.3
-12.5
-9.5
-27.4
-18.0
-22.2
-22.3

-25.8
-24.4
-33.7
-16.8
-17.8
-42.1
-36.9
-30.7
-21.5
-5.1
-8.6
-20.6
-10.8
-18.4
-19.8
-21.6
-32.8
-51.6
-34.2
-16.5
-8.3
-34.7
-42.0
-9.0
-9.5
-25.1
-23.0
-27.5
-20.3

-24.6
-23.3
-35.1
-16.2
-15.0
-46.3
-40.9
-30.6
5.4
-2.6
-8.9
-16.9
-18.6
-20.0
-15.8
-22.9
-34.8
-45.7
-30.8
25.1
-5.8
-35.6
-41.3
-10.5
-10.7
-20.5
-17.0
-21.3
-16.5

-23.2
-21.2
-26.4
-19.9
-16.1
-41.0
-35.8
-30.6
-8.4
-6.9
-6.9
-11.0
-9.0
-18.4
-17.4
-24.1
-30.2
-49.2
-31.3
3.0
-5.4
-36.8
-40.6
-12.0
-9.8
-19.6
-17.0
-19.8
-21.5

-22.5
-21.2
-31.3
-24.9
-12.9
-41.6
-32.4
-32.0
-6.3
-8.7
-9.2
-16.8
-14.6
-19.2
-8.9
-22.9
-30.6
-39.9
-34.1
-12.5
-6.4
-33.8
-40.0
-13.6
-10.0
-22.1
-17.0
-16.8
-20.8

-20.6
-19.3
-27.4
-17.6
-11.1
-41.3
-29.2
-32.6
2.2
-10.2
-9.6
-17.9
-6.8
-18.0
-8.0
-22.9
-31.7
-32.1
-32.9
0.7
-6.4
-31.4
-40.5
-13.4
-10.8
-25.5
0.0
-19.9
-15.4

-19.6
-19.4
-25.9
-18.5
-10.8
-37.8
-27.8
-28.9
-1.5
-6.6
-10.3
-16.1
-3.4
-19.6
-24.1
-19.9
-31.1
-36.5
-27.6
0.2
-6.2
-32.6
-38.1
-9.8
-10.8
-25.2
0.0
-12.9
-12.7

C o m po ne nt o f the
indus tria l c o nfide nc e
indic a to r

OR DER B OOKS
(Que s tio n 2)
C o m po ne nt o f the
indus tria l c o nfide nc e
indic a to r

Va lue
-36.2
-37.1
-34.0
-30.4
-36.9
-42.5
-42.0
-37.4
-36.0
-37.3
-38.4
-42.3
-35.9
-32.7
-50.1
-36.1
-38.7
-54.5
-35.0
-61.9
-31.3
-37.6
-42.4
-38.6
-32.1
-38.1
-50.6
-36.9
-39.2

2025
M a x.

7

T ABLE 2 (continued) : Monthly survey of manufacturing industry (s.a.)
S inc e 2000 (*)
M in.

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

6.3
6.5
3.2
-4.3
5.7
10.8
7.4
-3.8
4.2
11.3
9.5
9.6
-1.5
3.8
-14.6
-2.6
0.3
12.8
-0.1
9.3
4.9
6.5
1.3
2.5
-1.3
7.2
2.2
3.3
9.5

Da te Va lue
10-21
-7.2
10-21
-7.5
07-21
-17.2
01-04
-17.1
04-00
-7.7
01-10
-27.6
08-21
-15.3
07-21 -27.6
12-18
-25.1
08-21
-4.6
02-22
-2.4
07-21
-5.0
07-17
-14.6
06-10
-4.8
11-01 -43.0
02-14
-14.5
07-11
-16.0
06-22
-28.6
05-09
-17.9
09-23
-43.5
03-11
-0.9
06-21
-18.2
10-03
-5.0
01-08
-16.3
05-20
-10.6
03-10
-4.1
02-01 -28.0
08-00
-21.0
07-21 -27.0

May
7.0
7.9
-7.4
-2.4
6.3
8.0
14.1
-3.2
0.1
11.7
6.2
7.9
4.7
2.3
-24.0
-3.1
1.3
10.9
-4.2
47.0
6.7
10.9
1.8
2.4
-2.7
3.2
4.0
7.0
-2.1

J un
8.2
9.2
-6.9
-3.5
7.8
10.3
15.9
-4.4
-2.1
12.7
6.2
15.1
-3.5
2.1
-18.5
-3.0
1.9
14.8
-9.0
-0.7
6.3
10.3
2.0
1.9
-2.7
5.5
-1.0
2.0
3.3

J ul
8.5
8.8
-1.2
-2.7
9.1
22.5
17.3
-4.0
-15.8
6.3
6.2
16.1
-0.7
1.7
-24.2
-3.2
-0.4
15.1
-1.5
27.7
7.0
11.2
1.7
2.6
-3.9
3.7
0.0
1.0
7.4

Aug
8.7
9.2
-1.9
-2.3
3.4
25.1
16.7
-1.7
4.7
4.4
10.0
10.5
-0.3
2.9
-18.3
-1.1
-3.2
15.9
-2.7
21.4
3.7
5.2
2.5
1.3
-3.4
0.4
-2.0
-2.0
0.3

Sep
8.6
9.7
1.3
-2.2
5.0
8.0
19.5
-2.2
-7.1
10.5
5.6
16.5
-4.1
2.7
-20.3
-1.7
-1.2
9.9
-9.0
13.7
5.2
11.8
2.0
3.6
-3.5
2.4
4.0
-3.0
1.0

Oc t
8.6
9.1
1.2
-2.3
6.7
23.9
17.5
-1.1
-12.7
8.2
9.3
19.8
-3.8
2.3
-25.7
-1.9
-0.9
16.6
-5.6
8.1
5.2
12.3
2.4
3.0
-1.7
3.4
4.0
2.0
4.2

No v
8.1
8.4
1.5
-0.8
9.9
25.2
17.0
-1.1
-7.9
13.0
6.1
16.6
-10.2
1.4
-22.0
-2.9
-1.4
9.6
-2.5
11.4
7.3
8.4
1.9
3.8
-2.8
2.9
5.0
7.0
1.6

De c
9.1
9.7
5.0
-2.8
11.9
26.5
17.5
0.0
2.0
7.4
6.0
18.6
-6.7
2.1
-19.5
-2.9
-3.0
8.8
-10.1
22.2
7.3
8.5
2.2
2.4
-1.9
4.0
3.0
3.0
1.3

J an
7.0
7.3
4.8
-2.5
4.9
23.0
13.7
-0.5
-2.0
13.4
2.8
7.3
-0.7
2.1
-15.9
-1.5
-1.1
10.8
-3.6
6.9
5.0
7.8
1.1
2.8
-3.2
0.6
2.0
1.0
1.3

Feb
8.1
8.5
11.2
-2.3
9.9
26.1
15.2
1.0
3.1
7.5
4.4
8.3
2.7
2.5
-16.0
-4.2
0.2
17.3
-5.8
-2.7
3.0
11.4
1.1
4.2
-3.3
4.6
1.0
-2.0
0.5

Mar
8.4
8.7
6.5
-0.6
9.7
25.4
14.4
1.6
0.2
-0.3
4.4
13.6
-2.6
2.2
-18.0
-1.5
-2.5
3.5
-3.7
0.3
4.2
9.1
1.2
1.7
-3.1
2.5
11.0
1.0
3.5

Apr
7.1
7.1
-1.6
-2.4
5.0
27.0
11.9
1.7
-6.5
4.8
2.4
13.9
-0.9
2.2
-19.9
-0.6
-2.9
8.7
-6.0
16.0
3.2
10.0
0.7
2.9
-2.6
3.0
22.0
4.0
8.4

Ave .

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te Va lue
03-09
20.4
03-09
21.5
10-01
24.3
07-00
11.3
02-01
33.1
06-07
32.0
04-09
30.0
12-08
15.3
02-09
35.1
03-09
35.3
12-08
32.0
12-08
29.2
06-09
20.4
01-02
14.2
05-11
5.1
03-00
16.1
03-09
19.7
05-12
49.1
11-01
10.7
02-25
59.9
02-09
14.9
02-09
24.3
03-09
8.7
05-20
18.4
02-05
12.0
03-03
20.1
07-23
27.0
03-23
22.0
01-09
40.6

P R ODUC TION
TR END OB S ER VED
IN R EC ENT
M ONTHS
(Que s tio n 1)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

05-20
05-20
05-20
06-20
05-20
04-09
12-08
04-09
04-20
06-20
05-20
05-20
07-20
05-20
05-20
02-09
01-09
05-20
03-09
05-20
06-20
06-20
05-20
05-20
06-20
05-20
04-20
02-09
06-20

-52.2
-53.7
-50.1
-41.4
-63.0
-45.6
-48.4
-48.1
-45.8
-38.5
-57.3
-68.1
-40.9
-62.2
-75.6
-48.6
-40.9
-78.3
-59.2
-80.1
-41.4
-63.2
-53.3
-58.4
-66.5
-71.0
-89.3
-47.4
-50.2

1.2
0.5
-1.1
2.0
7.4
8.4
0.0
6.9
29.8
6.5
-2.8
4.3
8.1
-13.5
-9.9
2.5
4.9
-3.1
-5.2
11.3
3.8
10.4
-0.6
-3.4
3.9
8.3
12.4
8.2
13.4

01-18
01-18
08-06
01-07
03-07
07-17
10-10
07-01
03-00
03-00
12-06
06-00
09-17
12-21
04-07
10-03
12-05
03-16
07-18
07-23
06-21
07-10
04-04
04-21
09-00
05-00
02-02
03-06
07-10

18.2
18.5
17.3
31.1
38.0
31.5
26.0
35.2
61.9
37.1
17.9
34.7
31.8
10.4
37.5
25.4
26.9
41.1
24.9
59.1
19.6
37.9
32.3
14.5
32.1
48.5
64.3
41.5
53.7

-1.5
-1.9
-10.6
5.5
8.5
7.8
-4.9
-6.3
38.2
24.5
-4.7
-0.8
4.3
-19.7
-5.3
0.1
5.7
-8.2
-29.1
19.9
2.0
-3.4
-6.6
-0.9
0.0
-1.8
23.9
9.8
5.9

-3.4
-4.5
-4.6
6.0
14.5
13.3
-9.0
0.4
28.3
29.2
-8.5
-0.9
4.7
-19.2
-4.9
1.9
2.3
0.1
-31.7
33.0
1.5
1.5
-5.6
-0.5
1.6
-0.5
5.2
-0.8
6.8

-4.3
-5.0
-8.0
1.4
7.9
12.5
-10.4
1.5
18.0
27.6
-3.9
-2.7
13.7
-18.4
-1.6
1.2
-0.5
-4.1
-31.4
52.8
1.9
-4.3
-6.7
-1.8
2.6
-0.2
-3.1
-2.4
-0.6

-0.3
-0.5
-8.0
3.2
10.4
13.3
2.0
-2.4
21.1
30.5
-5.4
-2.0
12.3
-17.5
2.6
2.0
-0.4
-20.7
-26.4
41.9
-1.8
-7.8
-4.9
4.4
2.1
-0.6
2.4
12.8
7.5

-3.8
-3.7
-2.2
0.0
-5.0
18.6
-9.1
-5.5
19.8
21.7
-7.0
-3.9
-3.9
-17.3
2.1
5.0
0.3
-11.4
-31.1
35.4
1.4
-8.6
-9.2
-1.8
-1.8
3.2
2.7
19.7
-2.2

1.3
1.8
-3.0
-3.3
5.3
21.3
2.1
-0.3
38.1
20.5
-2.8
-6.3
13.7
-16.6
-5.6
5.0
2.7
-19.2
-21.1
37.9
3.2
-0.4
-7.3
1.3
-1.6
2.6
31.6
22.9
-3.1

-1.5
-2.3
0.2
0.6
14.3
19.5
-1.2
4.3
2.1
18.8
-2.8
-7.8
-1.4
-15.9
-1.4
2.9
3.6
-14.3
-23.4
13.8
5.9
-5.1
-6.9
-2.6
2.0
0.5
8.7
24.4
7.7

-0.6
-1.5
-3.1
-3.1
8.6
14.1
-9.4
3.2
33.0
18.2
1.9
8.9
4.8
-17.5
2.5
5.7
0.7
-11.3
-18.5
35.9
1.8
-2.9
-5.7
-5.0
-0.1
4.2
-9.4
15.8
17.4

-0.9
-1.1
2.2
-4.0
-1.2
12.9
-6.9
0.9
30.0
18.7
-3.0
3.7
17.5
-17.2
0.0
2.3
5.3
-19.5
-18.9
21.2
4.3
-2.5
-7.6
3.8
-4.3
0.4
-5.7
13.9
8.1

0.3
0.1
-5.2
-5.9
8.7
4.1
-3.6
-2.2
36.9
14.6
-1.2
1.9
11.4
-18.0
2.6
3.5
4.0
-29.8
-21.6
-40.4
1.6
2.9
-6.7
-8.0
-2.5
3.8
6.5
13.6
9.0

1.1
0.3
-2.7
2.4
14.8
17.8
-0.8
-2.5
35.0
5.9
-7.9
-0.5
15.9
-16.6
-1.5
1.9
-1.0
-17.3
-20.9
8.1
5.4
6.8
-6.1
-5.3
-3.0
2.3
-2.0
13.6
9.7

2.6
2.3
-11.1
3.5
12.5
17.7
-1.2
2.5
43.1
11.6
4.1
1.8
16.4
-17.3
-10.2
6.2
1.6
-15.1
-19.1
17.6
6.4
5.3
-6.9
-0.8
-2.8
0.4
3.0
27.5
1.2

EXP OR T
OR DER B OOKS
(Que s tio n 3)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

05-09
05-09
03-09
02-02
06-20
02-09
05-09
03-09
05-09
05-09
03-09
03-09
07-09
05-09
04-20
02-09
07-09
03-09
04-09
06-20
04-09
04-09
12-01
04-09
05-20
05-20
04-20
03-09
02-09

-61.0
-61.6
-61.8
-63.1
-68.6
-84.3
-61.0
-63.5
-97.2
-58.5
-59.0
-67.8
-62.5
-67.4
-85.6
-64.6
-69.1
-89.1
-65.5
-77.4
-37.5
-63.9
-73.8
-71.4
-46.7
-76.6
-79.0
-72.4
-70.5

-16.2
-15.1
-20.7
-37.8
-8.0
-23.0
-13.5
-13.4
-12.0
-15.7
-15.2
-13.9
-32.3
-18.6
-35.5
-26.0
-32.6
-31.5
-21.0
-26.7
-6.2
-22.9
-50.2
-16.0
-10.2
-12.7
-12.2
-16.2
-7.5

02-22
11-21
06-00
07-19
11-00
05-07
12-21
01-01
09-18
12-21
08-19
06-00
08-21
12-21
04-16
11-06
08-07
04-00
07-18
02-25
09-00
12-21
12-18
06-07
04-02
12-17
12-21
03-07
12-21

5.8
8.0
9.0
-13.7
24.9
2.7
20.4
19.6
33.9
10.7
12.9
25.7
-2.7
9.0
17.1
-10.5
23.8
55.0
7.8
51.9
9.8
8.9
-31.6
4.1
4.8
17.1
20.0
28.7
43.0

-26.0
-24.2
-37.1
-23.2
-21.4
-43.3
-34.9
-36.5
-5.2
-4.9
-14.0
-17.0
-30.8
-25.1
-58.4
-27.6
-37.5
-27.1
-37.4
-31.8
-9.4
-37.3
-51.8
-14.9
-11.5
-24.6
-16.0
-20.9
-17.5

-28.3
-27.0
-34.8
-21.0
-20.8
-46.8
-39.1
-34.9
-19.7
-11.5
-16.0
-16.1
-33.9
-24.4
-47.1
-26.5
-40.0
-42.5
-43.5
-26.0
-8.5
-42.6
-49.6
-13.7
-10.8
-28.8
-15.0
-31.6
-12.4

-27.6
-26.3
-38.6
-23.6
-13.0
-40.4
-37.5
-32.5
-6.0
-7.4
-16.0
-18.0
-19.1
-25.2
-6.8
-26.8
-39.5
-42.5
-45.0
-29.8
-10.4
-42.2
-51.8
-13.8
-10.8
-27.4
-15.0
-30.9
-19.0

-29.4
-28.7
-37.4
-23.7
-10.1
-42.2
-36.2
-31.9
-44.0
-14.0
-17.3
-15.7
-32.4
-24.7
-76.0
-26.4
-39.5
-51.1
-32.9
-20.9
-10.2
-41.2
-51.4
-14.9
-9.5
-26.6
-15.0
-25.3
-18.8

-27.7
-26.6
-36.4
-24.1
-21.8
-42.0
-36.6
-33.6
-22.0
-18.1
-16.8
-16.2
-29.8
-24.6
-62.0
-25.7
-42.1
-51.7
-36.9
-12.4
-8.6
-42.2
-51.1
-14.6
-10.9
-26.6
-13.0
-21.8
-14.6

-23.6
-21.7
-28.5
-27.1
-8.7
-42.5
-34.7
-32.2
0.5
-17.0
-15.2
-3.6
-28.8
-23.7
-66.7
-26.1
-41.8
-43.9
-41.5
-7.9
-9.3
-36.3
-51.1
-14.6
-10.2
-28.1
-20.0
-22.8
-22.2

-27.0
-25.9
-26.1
-25.1
-6.3
-41.8
-32.3
-27.7
-46.4
-18.4
-15.7
-14.2
-19.4
-21.7
-52.7
-24.3
-37.1
-51.8
-41.7
-6.4
-8.1
-36.4
-52.2
-12.8
-12.5
-26.8
-24.0
-26.3
-22.0

-24.2
-22.8
-33.9
-30.2
-6.3
-40.7
-35.6
-28.9
-7.6
-11.8
-12.6
-6.4
-29.2
-23.9
-61.8
-26.8
-37.7
-47.7
-33.3
10.3
-6.7
-39.1
-51.9
-12.3
-12.2
-24.6
-15.0
-20.4
-19.6

-24.5
-23.0
-27.2
-29.0
-5.5
-41.8
-32.5
-29.0
-22.3
-15.5
-22.0
-5.7
-29.0
-22.3
-80.1
-25.9
-31.8
-52.3
-36.2
-0.8
-7.6
-40.9
-50.8
-11.7
-12.2
-21.3
-18.0
-17.7
-27.9

-23.8
-22.2
-27.4
-32.6
-3.3
-39.5
-30.5
-30.8
-27.6
-12.9
-13.4
-8.1
-22.2
-22.5
-60.8
-20.5
-27.3
-39.7
-36.4
-28.0
-8.2
-35.0
-49.0
-13.3
-12.9
-24.5
-17.0
-15.9
-27.7

-22.4
-21.0
-28.1
-25.0
-1.2
-39.6
-28.2
-32.7
-12.6
-11.9
-18.0
-13.0
-19.4
-21.3
-64.3
-20.4
-32.0
-35.7
-34.0
-6.8
-7.4
-31.8
-49.8
-13.8
-14.3
-25.8
-6.0
-21.5
-12.4

-22.6
-21.4
-30.6
-25.0
-3.6
-37.4
-24.1
-25.3
-14.5
-16.5
-26.4
-14.1
-15.2
-23.2
-74.9
-19.2
-33.0
-40.1
-26.3
5.8
-7.8
-39.0
-49.2
-13.3
-12.9
-25.1
-14.0
-19.0
-7.6

S TOC KS OF
F INIS HED
P R ODUC TS (b )
(Que s tio n 4)
C o m po ne nt o f the
indus tria l c o nfide nc e
indic a to r

8

T ABLE 2 (continued) : Monthly survey of manufacturing industry (s.a.)
S inc e 2000 (*)
M in.

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

-3.7
-3.5
-6.8
-3.2
-3.4
0.8
-6.0
-0.6
13.6
-3.2
-3.9
-6.6
4.3
-1.7
0.8
0.1
-2.0
-15.1
-1.3
4.8
-1.8
-0.7
-8.4
0.9
-6.4
-4.7
-5.5
-7.5
-7.4

Da te Va lue
02-22
17.0
02-22
18.1
10-00
9.5
09-06
12.8
05-07
18.4
10-21
30.5
02-22
21.4
12-21
29.3
05-18
53.6
03-20
23.7
12-17
11.3
03-23
16.5
02-23
35.0
12-00
11.9
05-08
23.0
11-05
14.2
02-22
20.8
12-21
40.4
08-21
21.3
03-23
60.2
12-21
23.1
08-21
28.9
03-18
12.1
10-17
13.5
05-15
6.5
12-21
30.0
12-17
34.8
12-21
27.3
10-21
35.0

May
-4.3
-3.7
-15.1
9.3
-11.9
-11.8
-15.6
-5.4
32.7
11.9
1.7
-1.1
12.7
-0.6
0.5
3.2
5.3
-2.8
-3.2
22.5
2.6
-12.2
-6.5
1.9
-5.5
0.3
3.3
-1.6
-2.1

J un
-5.4
-5.5
-12.7
8.4
-10.3
1.0
-20.1
-5.6
19.7
6.1
1.5
-0.6
10.5
0.9
0.1
1.6
5.3
9.0
-3.6
29.6
3.0
-10.3
-5.5
2.5
-5.6
1.5
-1.2
-0.1
-5.4

J ul
-5.2
-5.4
-10.3
4.2
-8.7
1.3
-17.7
-1.9
8.7
13.2
2.0
-2.4
12.0
1.5
0.2
1.4
6.4
1.7
-5.4
26.2
1.3
-11.2
-4.2
4.9
-6.8
0.8
-3.9
1.4
-7.1

Aug
-4.4
-4.7
-7.7
7.6
-9.5
9.4
-16.5
-1.5
13.4
15.0
-2.7
-1.7
10.6
0.7
0.0
-0.8
7.4
1.2
-1.4
10.8
2.4
-10.8
-4.9
1.2
-5.3
2.5
-5.5
4.8
-6.7

Sep
-4.2
-4.0
-6.6
6.7
-11.1
-12.6
-19.0
-2.2
12.5
13.1
1.4
1.2
5.9
1.4
0.5
-1.3
6.6
3.0
-1.7
15.2
2.2
-13.4
-2.4
2.7
-4.3
2.4
-4.7
12.9
-8.9

Oc t
-4.4
-4.5
-4.7
7.0
-10.5
-10.9
-21.4
-0.7
12.2
4.9
3.8
0.8
18.1
1.3
0.5
1.0
5.4
1.2
-2.7
27.5
0.3
-7.8
-3.1
3.1
-3.7
3.2
-7.1
7.1
-4.9

No v
-4.9
-4.9
-4.8
5.1
-9.8
-13.2
-21.3
-2.3
22.5
4.2
-1.1
0.2
5.9
0.5
0.4
2.2
7.5
-3.6
0.9
1.4
2.9
-12.5
-4.2
1.5
-5.5
4.7
1.0
5.2
-4.8

De c
-4.4
-4.2
-9.0
5.0
-10.6
-9.5
-21.4
-3.0
27.8
19.6
2.6
1.2
16.6
-0.5
0.3
1.5
9.0
2.0
3.6
28.2
3.0
-9.4
-3.9
-5.6
-3.8
6.4
0.8
7.5
-5.8

J an
-3.6
-3.6
-8.2
6.7
-7.0
2.6
-19.3
2.6
30.1
15.0
2.3
0.9
11.1
-0.2
0.8
1.0
7.4
-3.7
0.9
38.7
2.3
-5.9
-2.8
4.1
-7.0
7.5
-6.0
7.8
0.6

Feb
-3.8
-3.7
-9.8
6.1
-1.6
-0.1
-18.7
3.7
32.5
19.6
3.2
-0.4
-3.8
-1.1
0.8
3.7
5.7
-13.0
0.2
-0.5
1.4
-12.5
-4.6
3.4
-7.3
-0.4
-3.3
7.9
-2.5

Mar
-4.3
-3.7
-7.1
4.9
-1.3
-10.6
-19.0
-2.3
41.6
16.5
0.1
1.1
9.1
-0.8
0.7
3.4
7.2
-14.5
1.9
18.4
1.9
-11.3
-4.6
1.6
-6.4
2.1
-6.5
3.5
-2.4

Apr
-6.2
-6.3
-13.4
3.0
-1.3
-7.0
-20.6
-3.0
16.2
5.2
-1.0
1.0
9.8
0.1
0.2
2.6
6.1
-15.7
-1.9
17.7
0.7
-7.2
-5.8
1.7
-7.4
4.6
-4.8
7.4
-5.9

Ave .

EM P LOYM ENT
EXP EC TATIONS
(Que s tio n 7)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te Va lue
03-09 -38.7
03-09 -38.2
04-20 -42.8
04-20 -28.6
02-09
-64.1
04-09 -43.0
04-09 -40.6
04-09 -50.0
02-09 -75.3
02-09 -38.6
03-09 -33.8
03-09 -45.2
03-09 -29.9
03-09 -26.7
04-13 -36.2
02-09 -48.6
03-00
-51.0
04-09 -67.9
03-09 -47.4
04-20
-68.1
04-09 -37.3
03-09 -39.6
08-01 -40.3
04-20 -28.9
04-20
-41.0
01-09
-51.8
02-09 -57.7
06-09
-51.1
03-09 -60.0

S ELLING–P R IC E
EXP EC TATIONS
(Que s tio n 6)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

03-09
03-09
02-09
04-20
01-09
04-20
03-09
02-09
04-09
04-09
04-20
01-15
02-09
03-09
04-13
02-09
04-09
05-01
04-09
04-20
04-09
03-09
04-20
04-20
01-16
03-09
03-01
03-09
05-20

-14.9
-16.1
-22.1
-11.4
-16.9
-20.6
-13.9
-38.1
-10.6
-9.8
-27.2
-19.2
-21.2
-14.1
-22.4
-26.4
-37.6
-41.2
-15.6
-53.5
-15.8
-31.5
-8.7
-26.0
-1.6
-34.5
-63.0
-30.0
-16.4

8.1
7.9
5.7
6.8
9.4
3.2
9.2
9.9
16.5
6.1
3.3
4.9
8.1
8.0
7.6
9.9
5.0
1.6
16.2
-3.8
10.5
7.3
8.1
6.1
17.9
2.1
8.2
6.1
9.7

04-22
04-22
04-22
04-22
03-22
04-22
04-22
04-22
06-22
03-22
03-22
05-22
04-22
04-22
05-22
04-22
04-22
04-22
04-22
11-22
04-22
04-22
04-22
04-22
03-00
04-22
12-02
04-22
05-22

57.8
59.5
52.7
38.5
57.1
46.3
71.1
65.8
75.9
48.5
45.7
54.2
64.7
52.5
73.3
51.5
55.3
75.1
66.6
75.9
54.9
69.1
38.9
42.2
59.6
50.8
58.0
63.0
58.9

8.1
7.2
7.9
6.5
14.4
5.9
6.5
4.8
20.9
3.2
3.3
4.6
11.5
5.7
16.5
14.2
10.2
18.2
16.6
3.5
11.1
6.6
4.6
4.8
29.3
4.0
9.0
4.0
20.3

5.5
5.0
0.1
5.1
14.3
0.8
3.6
3.1
12.3
3.2
9.8
4.8
8.7
5.1
15.3
10.9
10.2
12.5
14.3
4.3
9.0
4.7
5.1
2.5
27.7
2.6
-4.0
-4.0
0.6

8.7
8.3
1.6
6.4
9.6
5.0
6.6
11.7
36.0
4.7
7.1
5.1
9.0
6.3
11.1
7.3
10.6
-9.7
15.8
4.2
10.9
3.8
5.1
10.3
35.3
1.4
-3.0
0.0
11.4

7.2
6.3
6.7
6.2
9.2
4.7
5.3
10.0
21.9
4.8
4.5
5.0
7.4
5.7
8.3
13.5
8.8
6.8
15.9
4.9
9.2
4.2
5.4
1.4
39.7
1.9
10.0
-2.0
10.5

7.0
7.0
3.4
6.2
8.0
-13.4
5.4
9.7
25.4
9.7
5.0
4.7
8.0
5.1
18.1
8.7
3.0
11.8
13.1
7.2
8.9
2.4
4.8
5.0
32.6
2.3
11.0
1.0
7.5

7.7
7.8
0.6
8.2
8.6
-12.1
6.2
9.3
25.4
9.8
6.9
5.2
11.9
6.4
16.7
9.6
4.3
-5.8
15.7
6.6
11.1
3.7
4.0
4.9
28.7
5.9
7.0
3.0
11.2

10.0
10.4
5.2
10.9
9.7
-7.6
10.4
7.8
32.3
11.3
5.8
3.2
6.4
7.2
15.1
10.3
9.9
7.2
18.4
4.2
10.7
3.0
5.3
8.8
28.5
5.4
9.0
12.0
16.7

10.5
11.7
4.8
13.2
11.4
-8.4
10.1
12.1
33.6
12.0
15.3
2.0
14.7
8.3
17.0
8.4
11.8
8.8
14.4
54.9
18.4
10.0
4.6
10.8
29.8
6.3
-8.0
17.0
5.2

11.3
11.5
1.1
11.6
14.0
13.4
11.0
7.0
33.0
17.5
11.1
1.4
14.6
8.5
17.4
14.5
10.2
16.8
13.1
31.9
15.8
10.8
4.2
12.2
31.5
8.0
-5.0
24.0
12.9

12.4
13.0
6.4
9.1
11.6
2.4
13.9
15.7
35.0
18.2
10.0
4.5
14.6
9.8
20.3
13.1
2.0
47.9
18.7
-16.3
13.1
7.5
6.3
8.1
28.4
12.0
14.0
21.0
7.7

19.3
20.8
14.2
10.7
18.6
-8.1
21.8
15.2
51.1
25.1
18.4
9.2
21.5
13.3
25.2
21.3
8.0
29.0
17.7
4.3
20.1
12.7
10.4
23.8
34.6
8.8
20.0
23.0
11.9

30.0
31.1
27.8
21.7
29.2
29.9
34.0
29.0
61.6
30.3
29.2
15.4
29.4
24.9
34.7
22.9
20.4
39.4
25.3
10.0
26.1
32.9
16.7
28.3
37.7
24.7
23.0
34.0
22.3

UNC ER TAINTY (n )
(Que s tio n 51)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

04-19
04-19
06-21
06-24
03-26
08-21
04-19
08-21
08-24
02-25
10-21
01-22
07-19
05-19
07-19
07-21
07-21
08-21
07-19
01-26
09-21
05-21
11-25
08-21
07-21
08-21
04-25
06-21
08-21

17.2
19.0
9.7
1.0
5.4
2.1
27.5
11.1
-10.8
-13.3
24.6
18.3
-18.1
24.0
1.6
14.5
9.5
-17.6
4.4
-30.1
13.2
3.0
7.4
-1.1
7.3
8.9
-26.0
16.5
-2.0

33.6
35.0
27.6
7.4
47.8
30.9
47.4
31.7
17.7
1.0
37.0
29.6
-0.8
32.4
63.5
27.2
27.1
10.5
31.0
15.9
23.9
33.0
18.2
14.4
15.9
25.6
13.7
35.9
29.9

04-20
04-20
05-25
03-22
09-22
04-26
04-20
11-23
06-22
09-22
11-22
12-22
07-22
10-22
01-22
10-22
12-22
03-26
11-24
03-22
10-22
09-22
01-21
03-22
04-26
04-26
04-22
04-20
09-22

57.1
59.2
38.5
20.8
65.0
47.6
68.7
44.3
48.9
26.7
47.8
39.9
13.3
42.5
80.9
39.0
41.9
27.3
46.1
59.1
31.2
46.3
32.1
23.4
23.8
34.8
43.5
65.0
44.5

34.0
35.0
38.5
7.5
43.9
42.1
52.7
38.4
0.9
-7.8
36.3
30.4
0.1
34.5
60.2
21.6
15.0
9.0
39.2
19.7
24.9
33.4
9.4
14.7
17.9
29.3
-24.5
40.0
39.0

32.1
33.6
33.4
5.9
22.8
36.0
47.1
35.3
13.3
-7.1
35.4
27.5
9.6
34.3
64.3
21.8
15.4
6.9
40.9
-4.8
23.9
37.3
8.9
13.2
18.0
32.4
-24.0
35.0
37.0

34.0
35.3
36.6
8.6
41.5
38.5
47.4
38.9
31.6
-5.5
31.7
29.5
-4.5
34.2
66.0
20.9
17.1
14.0
43.5
-3.8
22.4
32.9
10.2
14.8
20.5
28.8
4.0
33.0
34.1

33.4
34.4
32.2
6.8
43.9
43.4
50.0
36.7
17.9
-5.8
33.7
26.5
-0.6
33.2
64.3
21.5
19.6
6.4
41.2
1.2
24.1
29.7
8.1
14.2
18.7
28.0
4.0
35.0
35.0

32.2
32.8
29.4
6.1
47.6
43.6
47.5
39.3
-1.3
-12.1
36.9
29.3
-8.2
35.0
62.5
21.1
20.4
0.7
45.0
12.3
22.7
39.5
7.9
10.8
19.3
31.7
4.5
29.5
35.8

35.5
36.8
29.5
5.9
47.9
40.4
52.1
36.2
29.2
-9.1
32.5
29.4
3.9
34.9
65.4
23.2
23.1
14.5
42.3
4.2
26.6
36.0
11.1
8.3
19.4
30.0
5.5
33.0
32.7

33.9
35.2
30.0
7.4
44.5
40.4
50.0
32.3
18.7
-7.3
33.8
28.7
4.6
35.3
68.7
20.9
24.3
16.5
40.3
17.8
25.8
31.6
7.4
10.8
17.3
34.4
2.5
33.0
35.0

32.9
33.7
31.3
7.5
44.8
44.0
50.1
36.9
-1.3
-6.2
33.5
30.8
3.2
33.8
65.3
22.4
23.4
11.7
41.1
-27.1
26.0
31.5
7.7
11.2
20.5
31.5
13.0
36.5
35.4

32.9
34.0
23.9
12.7
43.7
39.3
47.9
31.9
18.5
-0.3
32.6
31.3
-5.1
33.0
67.8
23.6
16.5
13.4
36.4
-30.1
23.8
30.6
12.8
10.7
19.6
34.3
8.0
28.5
31.0

33.0
34.4
31.1
8.4
32.2
40.7
47.8
29.4
19.2
-2.9
28.4
30.6
5.9
34.3
73.7
24.5
17.4
13.7
33.1
22.4
24.8
38.7
7.5
13.2
18.9
32.4
4.0
30.0
37.5

34.9
36.8
36.2
9.8
5.4
41.9
52.6
33.1
14.8
1.3
38.2
28.7
-3.3
36.7
76.7
24.6
17.4
27.3
40.3
-16.3
26.8
33.6
12.3
19.9
21.1
34.6
10.0
32.0
39.9

39.3
41.2
33.9
15.8
16.7
47.6
54.8
38.7
33.2
9.2
38.2
37.4
0.0
39.3
79.0
22.7
21.1
12.6
41.6
-7.0
29.0
42.1
14.5
15.4
23.8
34.8
2.5
35.5
44.3

In the ta ble s : (s .a .) = s e a s o na lly a djus te d, (n) = no t s e a s o na lly a djus te d, : = no t a va ila ble .
(*) M inim um , m a xim um a nd a ve ra ge s a re c a lc ula te d o ve r the pe rio d o f a va ilibility whic h is no t ne c e s s a rily a s fro m 01/2000.
(a ) The indic a to r is the a rithm e tic a ve ra ge o f the ba la nc e s (%) o f the que s tio ns o n pro duc tio n e xpe c ta tio ns , o rde r-bo o ks a nd s to c ks (the la s t with inve rte d s ign).
(b) Highe s t figure is c o ns ide re d a s a m inim um , lo we s t figure is c o ns ide re d a s a m a xim um .

9

T ABLE 2a: Quarterly survey of manufacturing industry (s.a.)
(Data c o lle c te d in J anuary, A pril, J uly and Oc to be r e ac h ye ar.)

C apacity utilisation in manufacturing industry (%)
(Question 13)
S inc e 2000 (*)
M in.
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
II-20
II-20
II-09
I-00
II-20
II-26
II-20
II-09
II-20
III-15
I-13
II-20
II-20
III-20
II-13
I-01
I-00
II-20
II-09
II-26
II-20
II-20
IV-01
II-20
IV-23
II-09
II-09
III-09
II-20

Va lue
67.3
66.4
69.4
54.1
69.4
63.9
69.7
57.3
53.7
62.5
67.8
60.0
59.4
63.6
42.7
51.6
51.9
49.9
67.8
43.8
74.2
72.7
64.0
69.7
65.8
68.2
65.8
64.7
71.2

Ave .
80.4
80.4
79.3
68.9
83.7
80.5
83.3
71.6
76.8
72.7
77.4
82.7
71.9
75.3
59.6
70.3
70.7
78.5
80.1
75.5
81.3
85.0
76.0
79.9
76.5
81.6
81.5
80.3
83.6

M a x.
Da te
Va lue
II-07
84.5
IV-07
84.4
II-00
84.7
I-19
78.4
II-08
90.8
II-07
88.9
II-07
88.5
IV-21
85.3
IV-00
82.5
II-24
80.8
III-07
82.2
IV-07
87.5
II-22
78.5
II-22
79.4
III-08
71.2
III-18
77.4
IV-21
78.7
IV-00
87.8
III-07
87.9
II-07
88.5
I-01
85.1
III-21
89.5
I-18
83.2
IV-03
86.9
II-07
85.6
I-22
86.2
IV-18
89.8
I-07
87.5
IV-06
88.4

2024
-21

2025
-18

III
77.8
77.6
74.5
74.8
79.9
82.1
77.9
65.9
75.5
78.2
77.9
81.6
73.7
75.8
62.9
72.2
71.4
76.0
76.1
81.4
77.7
81.6
77.6
81.3
68.5
81.2
81.3
76.5
84.2

IV
77.5
77.3
75.1
74.9
81.9
75.9
76.8
65.9
78.6
78.0
77.5
80.1
76.3
75.0
63.0
72.4
71.2
79.5
74.5
81.4
77.0
82.4
77.2
81.4
70.9
80.9
80.3
74.1
81.9

-15
I
77.4
77.3
75.6
75.2
82.3
77.4
76.8
67.5
74.8
77.8
76.4
81.5
73.5
74.6
67.8
74.0
72.1
77.0
75.1
70.8
77.6
81.9
76.9
81.5
67.9
81.3
83.4
75.3
82.8

-12
II
77.8
77.7
77.1
74.0
83.2
79.9
76.9
67.0
77.2
79.1
74.8
82.2
75.4
75.2
65.4
74.9
70.4
79.3
76.7
78.5
77.5
82.8
77.9
81.0
69.5
81.5
83.0
76.5
82.2

2026
-9

-6

-3

0

III
77.9
77.8
77.4
74.7
84.0
78.8
77.1
66.4
76.7
77.6
78.3
82.5
75.5
75.4
64.2
74.0
70.8
79.1
73.6
68.0
77.4
82.4
77.3
81.1
71.5
81.7
81.1
74.2
82.2

IV
77.9
78.1
78.6
74.6
84.2
64.6
77.8
67.6
77.4
78.0
79.8
80.3
74.7
75.0
67.0
74.7
71.3
75.2
75.1
71.8
77.1
82.2
77.6
81.7
68.4
82.0
80.1
77.5
82.9

I
77.9
77.8
76.8
73.5
81.3
75.7
77.7
68.4
74.2
77.2
80.1
80.9
74.6
74.7
68.2
74.3
69.5
74.8
76.1
67.0
78.3
82.8
78.7
83.3
69.7
82.2
79.1
78.7
82.8

II
78.0
78.5
75.9
74.5
80.6
63.9
78.4
71.1
77.4
76.0
79.5
82.2
76.0
75.0
64.8
75.7
71.5
74.7
76.9
43.8
78.6
84.1
78.8
83.0
66.5
82.2
80.3
77.8
83.2

-9

-6

-3

0

III
16.7
17.7
37.3
-4.7
5.9
19.3
29.8
25.2
-5.0
21.5
4.1
0.0
5.8
23.5
7.1
2.2
5.9
17.2
22.8
31.4
-0.7
25.5
4.1
7.6
-0.2
14.5
6.0
37.0
19.8

IV
19.7
21.1
33.5
-6.5
25.4
13.0
40.0
21.1
9.1
5.5
5.8
4.5
2.8
26.0
3.9
-0.9
2.6
17.4
24.2
7.5
0.3
25.2
7.3
9.9
1.3
14.4
7.0
32.0
19.8

I
17.3
18.3
32.0
-2.6
22.7
25.0
34.7
18.7
0.2
1.5
2.9
0.3
10.9
24.6
0.5
4.0
2.3
26.9
18.9
-3.6
2.3
28.0
2.1
7.3
0.8
14.4
2.0
26.0
10.4

II
17.0
18.1
29.9
-2.1
20.7
26.8
29.9
18.2
14.5
0.5
4.3
-1.8
16.2
23.1
2.3
3.1
3.2
9.2
17.2
2.9
-0.4
22.6
-0.3
8.5
1.8
9.1
21.0
29.0
8.0

Production capacity in manufacturing industry (a) (b)
(Question 9)
S inc e 2000 (*)
M in.
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
I-22
IV-21
IV-21
III-24
IV-07
III-07
I-18
IV-06
III-21
II-24
IV-00
III-00
I-22
IV-00
II-20
II-07
IV-21
IV-04
IV-03
III-23
IV-21
IV-00
I-18
III-00
IV-03
II-07
III-04
IV-07
II-22

Va lue
0.1
0.8
2.2
-7.3
-16.2
-16.0
-7.2
-19.1
-11.7
-0.4
-2.2
-11.2
-4.8
13.0
-64.6
-7.2
-5.8
-4.3
-49.4
-44.5
-9.0
-11.6
-5.8
-14.1
-19.2
-9.7
-13.0
-20.0
-24.8

Ave .
14.6
15.2
23.5
4.0
12.0
15.7
16.4
10.3
10.6
19.3
9.6
9.7
8.4
26.2
-10.6
2.3
9.9
19.0
27.2
11.7
1.5
12.6
9.9
6.2
4.5
11.4
6.5
20.2
10.8

M a x.
Da te
Va lue
II-09
44.4
II-09
45.2
II-09
54.0
I-02
22.7
II-09
47.9
II-09
55.6
III-09
55.8
II-09
43.5
II-19
25.6
II-09
42.1
III-09
31.6
II-09
45.7
III-09
22.9
II-09
42.7
I-11
19.6
II-09
17.1
IV-09
35.9
II-09
66.2
II-09
64.3
III-20
52.4
II-09
21.7
II-09
47.5
IV-01
38.8
II-20
33.9
II-00
31.8
II-09
59.9
I-09
44.0
III-09
58.0
II-09
54.6

2024
-21
III
20.2
21.9
37.7
-7.3
21.6
16.4
36.2
14.2
17.3
1.0
1.4
4.2
0.0
26.6
1.8
1.6
10.4
34.8
21.2
-2.1
-1.0
28.4
6.5
8.6
-1.0
13.9
6.0
31.0
11.6

2025
-18
IV
22.4
24.9
33.1
-4.5
22.1
10.4
48.1
19.7
21.5
1.2
2.3
3.8
4.3
26.2
4.2
3.5
8.5
8.8
19.2
-4.7
0.1
30.6
5.4
9.3
0.8
11.8
3.0
36.0
16.0

-15
I
21.3
23.1
30.8
-4.8
23.2
5.4
40.3
22.3
23.5
7.3
3.3
1.1
4.8
26.1
7.3
5.0
7.7
20.5
21.1
8.7
0.7
33.2
6.6
8.5
2.1
17.1
10.0
37.0
17.1

-12
II
19.1
20.6
27.7
-1.9
18.6
6.3
35.7
15.0
13.8
0.1
3.2
-0.3
10.7
24.5
0.0
-2.1
7.1
8.4
21.4
24.7
0.6
31.4
4.5
6.0
1.1
12.7
6.0
31.0
21.1

2026

10

T ABLE 2a (continued) : Quarterly survey of manufacturing industry (s.a.)
(Data c o lle c te d in J anuary, A pril, J uly and Oc to be r e ac h ye ar.)

Ne w orde rs in manufacturing industry (b)
(Question 11)
S inc e 2000 (*)
M in.
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
I-09
I-09
II-20
II-09
I-09
II-09
IV-08
II-09
III-20
III-20
II-20
II-09
II-09
III-20
III-20
I-09
I-09
I-09
II-09
II-20
III-20
II-20
III-20
II-09
III-20
II-09
II-20
I-09
II-09

Va lue
-42.6
-42.0
-41.9
-41.8
-58.6
-58.2
-54.9
-45.5
-14.9
-32.0
-30.0
-53.5
-39.5
-58.3
-70.3
-53.0
-57.7
-75.8
-58.6
-71.7
-36.9
-42.9
-38.4
-57.5
-42.8
-53.7
-70.0
-51.2
-41.6

Ave .
1.7
1.5
-2.7
-0.4
6.4
6.5
-0.6
5.0
27.0
3.3
2.2
2.7
12.2
-1.7
-20.3
2.1
2.9
-8.8
-4.3
13.7
4.5
6.7
-1.9
-9.6
-1.0
6.2
19.4
4.1
8.5

M a x.
Da te
Va lue
III-21
26.0
III-21
27.4
I-00
17.3
III-06
22.4
IV-06
43.6
II-07
33.1
IV-20
36.7
I-07
40.5
III-21
55.4
II-25
22.1
III-21
15.2
IV-00
33.3
IV-17
36.7
IV-21
23.9
III-08
25.1
IV-03
22.5
IV-17
23.6
III-21
42.1
III-18
28.7
II-21
61.1
IV-21
25.9
III-21
43.9
II-04
29.0
II-00
16.9
III-03
21.9
III-06
32.5
I-02
60.0
II-00
43.6
III-21
38.2

2024
-21

2025
-18

III
-5.4
-5.5
-8.4
-0.3
-12.1
14.1
-9.4
-11.1
16.5
6.3
-0.1
-9.0
-1.0
-10.1
-22.6
-8.5
-9.0
2.4
-22.3
5.5
-2.6
-21.3
-14.0
-9.8
-3.2
-6.3
-2.0
-9.8
-8.9

IV
-8.2
-7.4
-12.5
-2.0
3.2
11.8
-13.1
-15.4
15.5
16.4
-13.3
-3.7
11.0
-12.9
-18.6
-6.0
-9.2
-7.7
-19.0
13.3
-4.2
-17.9
-15.1
-8.1
-1.2
-8.6
6.0
-3.2
-12.8

2026

-15

-12

-9

-6

-3

0

I
-4.5
-4.3
-13.8
2.0
4.2
8.4
-9.3
-6.1
27.2
2.0
-8.4
-3.4
8.5
-12.1
-15.6
-6.4
-4.1
-28.1
-20.6
-15.2
4.1
-10.3
-13.3
-14.1
-3.3
-8.8
-1.0
-2.1
0.9

II
-1.0
-2.0
-7.0
-3.4
17.2
15.6
-5.0
-10.7
31.6
22.1
-2.8
1.5
5.5
-10.1
-17.3
1.2
-3.3
-11.6
-25.5
54.4
4.5
-5.1
-12.9
-7.4
-2.4
-1.9
8.0
4.3
5.9

III
1.3
0.9
-13.9
-1.7
4.0
10.7
-0.2
-11.5
24.4
19.9
-7.5
3.0
21.2
-8.1
-15.5
-4.9
-0.3
-24.2
-23.4
50.7
2.5
-1.9
-11.8
-4.6
-4.3
-7.9
4.0
3.9
-3.7

IV
3.9
6.3
-12.5
-1.3
6.2
18.7
10.1
-3.1
32.7
7.9
-0.7
1.2
11.8
-6.8
-20.5
-5.6
-2.2
-47.2
-14.7
49.9
5.8
2.0
-10.3
-6.4
-2.8
-6.7
7.0
10.0
6.4

I
2.8
3.4
-9.1
-4.0
1.8
2.9
-0.3
1.2
38.2
8.5
-2.0
3.0
17.9
-7.2
-19.1
2.5
-1.1
-29.4
-13.2
16.2
7.7
0.8
-10.5
-5.7
-8.5
-1.8
-8.0
7.6
11.1

II
5.6
6.6
-0.4
1.3
1.2
9.0
9.0
5.1
46.6
18.0
3.4
9.9
22.8
-9.9
-20.9
7.3
-1.9
7.0
-11.4
20.5
7.8
2.3
-8.2
-2.0
-7.7
-10.4
15.0
23.2
24.1

C ompe titive position on fore ign marke ts outside the EU (b)
(Question 16)
S inc e 2000 (*)
M in.
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
IV-25
IV-25
I-23
II-20
IV-09
II-25
IV-25
IV-23
IV-24
III-03
I-04
III-20
III-20
II-09
II-20
I-09
IV-22
I-20
I-26
II-05
II-09
IV-24
II-02
II-20
IV-01
II-09
II-20
II-23
II-08

Va lue
-13.6
-13.5
-32.9
-16.0
-14.7
-32.1
-30.6
-18.2
-25.1
-5.2
-7.7
-27.1
-18.1
-11.5
-100.0
-13.3
-20.3
-42.2
-19.7
-38.1
-8.8
-24.8
-27.5
-25.9
-17.7
-29.6
-19.0
-26.0
-35.5

Ave .
-0.6
-0.3
-7.6
-0.8
3.0
-5.5
-0.6
0.0
-1.6
4.3
5.3
-3.4
5.3
0.4
-13.8
2.6
-1.4
-6.6
-2.0
-3.4
-0.2
2.0
-5.5
5.0
1.7
-5.6
1.4
-6.4
-3.1

M a x.
Da te
Va lue
III-00
9.6
III-10
10.2
III-21
15.7
I-07
15.2
III-01
28.5
II-07
11.0
III-10
13.3
III-10
12.7
IV-18
33.7
II-23
14.3
II-15
19.1
III-10
16.3
III-18
22.1
II-01
15.3
I-18
43.5
I-02
33.9
IV-02
16.2
III-10
28.1
III-00
11.6
II-26
38.6
I-00
4.4
IV-00
17.1
I-04
2.8
II-10
22.4
III-02
11.3
II-15
10.1
IV-01
26.0
IV-00
29.0
III-09
29.2

2024

2025

2026

-21

-18

-15

-12

-9

-6

-3

0

III
-7.8
-8.1
-7.4
-7.6
-4.7
-2.3
-14.4
-5.9
-23.5
10.0
0.6
-4.2
5.6
0.3
-75.9
-2.6
-2.1
-7.0
-0.5
-2.6
-2.9
-17.4
-9.0
-1.3
1.2
-7.2
-3.0
-8.0
-10.5

IV
-11.9
-11.9
-19.0
-7.7
-5.5
-17.9
-17.4
-18.0
-25.1
2.5
-0.9
-9.3
8.1
-1.4
-33.8
-4.5
-0.6
-16.9
-4.5
-0.7
-7.2
-24.8
-13.5
-4.5
-1.7
-8.5
-3.0
-10.0
-15.6

I
-9.6
-9.7
-20.9
-6.9
-1.8
-17.7
-20.9
-14.8
5.2
9.9
-1.6
-6.1
5.6
0.1
-54.0
-5.4
-0.3
-11.7
-1.3
2.5
-5.2
-21.4
-11.6
-1.3
0.2
-11.5
-4.0
-17.0
-9.0

II
-11.3
-11.0
-15.9
-5.6
-1.6
-32.1
-20.2
-14.3
-7.4
5.9
-5.9
-5.8
2.9
-2.5
0.0
-5.7
-3.1
-10.1
-5.5
-7.1
-4.3
-20.0
-7.9
-3.2
-0.6
-7.2
-3.0
-14.0
-19.6

III
-11.2
-10.6
-23.1
-4.7
-1.2
-24.7
-19.4
-8.2
-11.9
12.3
-0.8
-3.8
13.4
-3.0
-8.5
-4.8
-8.4
-12.2
-11.5
2.2
-6.5
-17.9
-8.4
-1.4
1.6
-9.7
-2.0
-17.0
-28.0

IV
-13.6
-13.5
-18.7
-5.1
-3.0
-26.1
-30.6
-15.7
4.7
12.2
0.3
-7.2
2.3
-3.5
0.0
-6.2
-10.1
-19.2
-14.5
-1.7
-6.3
-21.1
-10.1
-2.0
0.2
-15.8
-3.0
-18.0
-22.1

I
-12.5
-12.0
-21.1
-9.9
-1.7
-23.1
-26.5
-1.4
0.8
2.7
-2.7
-5.3
0.8
-1.5
0.0
-3.5
-10.8
-23.4
-19.7
-1.7
-3.8
-17.9
-11.6
-1.4
1.4
-10.1
-3.0
-13.0
-28.4

II
-9.4
-10.0
-19.3
-8.2
3.6
-2.2
-19.1
-9.7
-0.8
2.5
-2.3
-6.8
-9.3
-4.5
-38.7
-2.7
-4.7
-25.0
-17.0
38.6
-3.7
-12.8
-8.6
-4.7
-2.8
-14.5
-2.0
-9.0
-10.3

(*) Min imu m, ma ximu m a n d a ve ra g e s a re c a lc u la te d o ve r th e p e rio d o f a va ila b ility wh ic h is n o t n e c e s s a rily a s fro m 2 0 0 0 .
(a ) An s we rs to th e q u e s tio n s wh e th e r, ta kin g in to a c c o u n t th e le ve l o f o rd e r- b o o ks o r p ro d u c tio n , c a p a c ity is mo re th a n s u ffic ie n t (+),
s u ffic ie n t (=) o r le s s th a n s u ffic ie n t (–). Th u s , n e g a tive b a la n c e s (c a p a c ity le s s th a n s u ffic ie n t) in d ic a te h ig h le ve ls o f c a p a c ity
u tilis a tio n , wh e re a s p o s itive b a la n c e s (c a p a c ity mo re th a n s u ffic ie n t) a re a s s o c ia te d with lo w le ve ls o f c a p a c ity u tilis a tio n .
(b ) Ba la n c e s : i.e . d iffe re n c e s b e twe e n th e p e rc e n ta g e s o f re s p o n d e n ts g ivin g p o s itive a n d n e g a tive re p lie s .

11

T ABLE 2b: Industrial investment survey - all branches. EU Member States.
R e s ults o f M a rc h/April 2026 inve s tm e nt s urve y, % c ha nge in va lue , o ve r the pre c e ding ye a r
Ye a r:
Da te o f
s urve y:
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

2023
M a r./Apr. Oc t./No v. M a r./Apr.
2023
2023
2024
P ro v is .
Es tim .
Final
24
11
26
25
12
27
42
6
12
18
10
18
49
2
25
3
15
24
21
7
20
3
-23
-4
:
:
:
41
25
60
38
27
50
30
21
34
17
5
22
20
8
19
21
15
46
13
11
14
23
-12
15
-16
-31
-36
11
-8
9
73
37
-7
13
4
15
5
-15
-7
7
-4
10
26
25
18
10
7
11
16
7
13
26
32
55
8
13
21
29
24
41

2024
Oc t./No v. M a r./Apr. Oc t./No v. M a r./Apr.
2023
2024
2024
2025
P ro v is .
P ro v is .
Es tim .
Final
11
11
2
12
11
11
3
12
13
4
0
-1
12
15
15
20
31
2
-26
-24
7
13
7
22
7
1
-9
1
-23
-5
-30
-12
:
:
30
48
28
38
23
26
10
30
11
25
22
18
18
22
16
13
11
8
10
15
2
9
20
37
20
38
5
1
14
13
30
22
6
33
30
-40
-7
7
-6
5
-11
4
40
15
37
43
3
1
-6
7
-16
-12
-17
-12
-4
10
-8
9
19
26
21
15
9
7
2
7
2
9
-1
11
46
30
1
23
2
-1
-10
-13
13
21
7
25

2025
Oc t./No v. M a r./Apr. Oc t./No v. M a r./Apr.
2024
2025
2025
2026
P ro v is .
P ro v is .
Es tim .
Final
5
10
0
6
5
9
0
5
23
-2
14
-1
17
11
8
23
17
35
-10
14
15
13
11
5
-8
4
-17
-12
-15
-8
-10
-5
17
31
26
37
28
45
26
35
19
13
12
15
7
11
11
16
14
3
-1
9
10
10
7
10
-5
23
28
21
10
8
14
6
21
24
16
16
-5
-32
-7
7
4
9
-1
4
40
-24
27
4
3
7
-3
6
-17
-13
-21
-8
-5
12
-3
9
19
9
19
5
8
7
-4
-6
3
4
-9
-7
46
5
-4
8
5
-9
-9
-9
11
25
13
25

2026
Oc t./No v. M a r./Apr.
2025
2026
P ro v is .
P ro v is .
5
7
6
7
22
7
-3
4
12
3
-9
11
-7
0
-13
-2
33
38
28
43
7
7
15
10
20
5
6
6
41
24
12
-6
27
12
2
-31
7
9
28
25
5
6
-5
-6
-2
5
22
11
-1
-6
4
-4
19
-26
-5
-2
5
4

12

T ABLE 3: Monthly survey of services (s.a.)
S inc e 2000 (*)
M in.

2026

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

7.0
6.5
8.4
9.4
31.3
4.6
11.3
5.1
21.9
9.4
6.8
-0.1
7.2
2.4
6.6
2.7
7.6
:
-6.0
20.3
4.9
11.7
0.2
4.5
8.7
13.9
16.6
9.7
18.2

Da te Va lue
03-00
36.2
03-00
35.7
07-07
31.0
04-07
30.3
11-03
53.5
05-10
26.5
11-00
50.8
01-06
38.0
11-15
59.0
09-00
56.8
03-01
46.5
03-01
14.7
09-21
30.4
04-00
30.4
01-18
42.4
01-07
21.2
03-03
36.5
:
:
06-17
17.3
05-07
62.2
02-07
45.3
07-21
34.6
01-07
23.8
06-01
30.0
06-04
62.9
10-02
39.0
04-02
63.4
09-00
58.4
11-10
47.7

May
3.2
3.1
-0.2
8.5
37.8
5.7
2.5
-4.8
18.7
28.4
:
-5.8
16.5
1.9
15.7
1.5
5.7
:
-15.0
25.2
3.7
7.2
-3.8
11.7
3.2
17.2
-3.0
2.3
14.8

J un
3.7
3.3
3.5
11.2
34.8
6.1
4.8
-8.8
18.4
27.9
:
-6.9
14.0
2.7
16.0
1.0
8.0
:
-17.3
10.9
5.1
5.0
-3.2
13.0
3.3
15.4
-0.2
4.8
12.3

J ul
4.8
4.1
2.4
11.0
32.2
7.3
4.3
-4.7
26.2
28.6
:
-4.0
6.0
1.1
19.2
0.2
5.4
:
-16.5
6.9
6.0
9.6
-3.5
10.6
2.2
15.0
0.4
3.5
19.1

Aug
4.6
3.7
-1.6
12.3
40.1
6.4
4.7
-1.0
15.8
29.1
:
-6.8
20.5
2.8
10.8
0.6
9.9
:
-18.0
28.8
7.1
5.7
-2.9
12.0
0.6
16.3
2.4
6.9
17.7

Sep
4.7
4.1
-3.4
10.6
38.2
7.9
1.6
2.4
16.7
29.4
:
-2.1
9.8
3.0
7.1
2.0
5.8
:
-11.2
50.7
5.4
2.7
-3.4
8.5
-0.4
14.8
3.8
3.0
17.6

Oc t
4.8
4.0
7.5
10.8
38.0
7.1
3.4
1.9
9.9
34.3
:
-4.2
16.1
2.9
12.5
2.6
7.4
:
-11.4
38.4
5.2
7.3
-3.3
7.7
-1.3
16.7
-4.9
3.2
20.2

No v
6.2
5.3
5.1
10.0
37.0
8.3
4.2
4.2
16.2
34.7
:
-2.6
12.5
4.5
10.0
3.3
4.0
:
-9.0
39.2
5.8
5.9
-2.6
5.9
0.2
14.9
4.5
5.1
21.6

De c
6.1
4.9
-6.4
7.2
35.1
9.0
2.6
4.8
24.8
30.7
:
-1.8
17.1
5.2
11.7
3.9
8.5
:
-8.7
50.8
4.5
11.3
-2.0
8.1
-0.2
18.0
3.9
-0.7
24.7

J an
7.3
6.2
1.0
9.0
36.2
8.4
5.0
3.8
19.6
30.3
:
-1.8
21.5
8.7
13.3
4.0
8.6
:
-13.1
59.8
6.4
13.7
-1.4
4.0
-1.2
15.6
0.3
6.4
25.4

Feb
5.4
4.2
7.1
6.2
33.1
6.1
3.0
4.4
24.8
32.6
:
-4.3
20.5
7.3
9.1
3.5
5.8
:
-16.0
29.8
4.4
8.6
-1.7
7.4
-0.9
13.9
0.2
3.1
23.4

Mar
5.0
4.1
-1.0
3.7
29.7
6.8
5.3
-1.1
11.8
27.0
:
-4.3
16.9
7.9
-10.3
4.2
-1.2
:
-12.7
45.5
4.2
4.7
-2.5
7.7
-2.0
14.1
-4.3
-1.3
20.4

Apr
1.6
0.9
-8.8
-1.9
31.6
6.5
-1.7
-4.9
3.9
26.9
:
-5.6
11.0
5.7
-1.1
1.5
4.8
:
-9.3
31.5
-0.2
0.9
-4.5
7.0
-1.5
14.6
2.8
0.3
22.7

Ave .

S ER VIC ES
C ONF IDENC E
INDIC ATOR (a )

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
05-20
05-20
04-20
05-20
05-20
05-20
04-20
05-20
04-20
06-20
05-20
05-20
04-20
05-20
05-20
05-20
03-09
:
04-20
04-20
05-20
04-20
05-20
05-20
05-20
04-20
05-20
04-20
04-20

AS S ES S M ENT
OF B US INES S
S ITUATION
OVER THE P AS T
3 M ONTHS
(Que s tio n 1)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

05-20
05-20
05-20
06-20
11-20
05-20
05-20
06-20
05-20
06-20
05-20
06-20
05-20
05-20
06-20
05-20
03-09
:
05-20
04-20
05-20
05-20
05-20
05-20
06-20
06-20
06-20
09-02
05-20

-60.9
-62.1
-71.9
-48.6
11.7
-47.3
-53.2
-65.2
-82.9
-69.0
-75.7
-57.8
-83.5
-65.2
-71.7
-45.9
-50.7
:
-54.8
-79.3
-59.5
-69.2
-54.8
-70.3
-51.7
-34.9
-86.0
-100.0
-57.1

3.4
2.5
-0.6
6.3
52.1
1.7
6.9
7.0
13.4
5.8
1.8
-2.7
3.0
2.3
1.8
1.4
6.8
:
-8.5
17.3
-5.7
9.1
-0.3
0.1
10.0
22.4
11.1
-2.3
14.3

08-00
05-00
07-07
12-02
07-02
05-10
02-00
11-02
01-16
04-00
04-00
06-00
09-21
07-00
11-23
04-03
04-03
:
10-17
05-07
03-07
12-17
01-07
06-01
04-03
10-02
01-02
02-03
01-07

38.6
37.0
31.0
42.4
77.7
23.6
58.8
46.1
56.1
58.1
63.2
17.3
33.7
51.5
48.4
21.9
57.9
:
15.8
71.0
50.2
34.8
22.1
30.8
77.1
56.7
66.0
100.0
52.5

-0.4
0.0
-0.3
1.5
48.1
3.2
-8.5
-5.0
12.8
25.7
:
-5.4
10.7
2.3
17.6
-0.3
6.3
:
-21.5
24.9
-7.6
4.4
-3.2
7.9
4.3
30.1
-11.0
-10.0
12.2

0.9
0.1
-0.2
7.3
52.8
3.9
-3.2
-10.6
13.0
25.0
:
-6.3
11.7
5.2
9.0
-1.0
8.3
:
-23.6
17.3
-4.8
4.3
-2.8
11.4
4.2
31.7
-12.0
-5.0
7.6

2.2
0.8
-2.6
9.4
49.1
5.5
-3.1
-4.9
25.0
27.8
:
-4.6
2.3
1.7
19.4
-1.1
7.0
:
-21.5
19.0
-2.8
4.2
-4.3
8.5
4.2
31.1
-9.0
-5.0
19.5

2.1
0.7
-11.2
11.3
52.4
3.6
-3.1
0.5
13.6
30.4
:
-4.8
10.5
3.1
14.4
-1.1
14.3
:
-24.9
37.0
-2.1
1.9
-4.3
9.9
1.3
31.6
0.0
2.0
12.1

0.1
-1.0
-12.1
7.4
49.2
4.6
-7.9
0.3
9.4
31.0
:
-6.7
7.2
0.9
-4.8
1.7
10.2
:
-17.2
41.7
-3.2
-1.1
-3.9
4.9
0.2
25.0
-5.0
-7.0
14.6

1.0
-0.6
2.9
2.6
53.3
4.0
-6.2
0.0
6.4
33.7
:
-5.1
10.3
-0.2
2.8
0.7
10.3
:
-17.9
31.3
-4.4
3.2
-4.2
7.1
-1.7
32.0
-9.0
-6.0
17.7

2.1
-0.1
-1.0
3.6
49.5
3.8
-5.6
1.7
11.0
41.1
:
-4.4
10.4
3.0
1.2
2.6
6.3
:
-14.2
32.9
-4.7
2.7
-4.4
4.6
0.7
28.1
1.0
-1.0
19.2

1.3
-1.4
-12.5
1.9
48.1
3.8
-8.4
4.8
25.3
32.2
:
-3.3
11.0
7.6
13.4
4.4
8.6
:
-18.4
42.5
-5.8
10.4
-4.0
5.9
0.0
28.1
-7.0
-18.0
23.0

2.6
-0.4
-4.2
7.3
50.7
3.1
-3.1
2.6
12.2
30.7
:
-5.0
15.6
10.4
10.5
-1.2
10.7
:
-21.4
48.6
-2.1
14.5
-1.4
3.4
-2.3
24.9
-20.0
-4.0
25.3

1.4
-1.7
5.3
5.3
54.2
3.2
-6.8
5.5
22.2
33.3
:
-4.6
20.1
9.2
4.2
1.6
3.9
:
-23.0
45.8
-4.4
10.1
-2.0
3.4
0.2
25.8
-18.0
-8.0
20.6

0.8
-1.4
-13.2
-5.1
55.5
3.4
-4.3
0.0
7.0
30.4
:
-4.0
15.0
10.1
2.6
3.8
-6.3
:
-16.5
38.8
-4.9
2.0
-3.1
7.4
-3.3
26.5
-10.0
-25.0
18.9

-2.9
-3.4
-19.1
-9.1
49.6
4.3
-13.9
-6.2
0.1
26.9
:
-6.7
6.8
6.9
1.8
-0.5
5.9
:
-13.5
38.9
-15.2
1.6
-4.6
7.4
-0.7
29.1
-7.0
-18.0
24.9

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

06-20
06-20
06-20
05-20
05-20
05-20
05-20
05-20
05-20
06-20
05-20
06-20
05-20
05-20
06-20
05-20
03-09
:
05-20
06-20
06-20
05-20
05-20
05-20
06-20
06-20
05-20
10-01
05-20

-57.0
-57.9
-77.7
-47.5
-49.8
-48.7
-40.5
-68.5
-70.2
-58.4
-74.2
-62.8
-75.8
-65.5
-72.3
-51.0
-54.0
:
-57.9
-91.6
-55.9
-55.7
-55.2
-68.9
-54.0
-67.4
-76.0
-58.0
-47.8

5.5
5.3
8.1
3.8
19.2
4.0
11.5
4.7
17.9
9.0
-0.7
1.3
5.8
-2.5
4.9
1.2
7.2
:
-9.5
20.8
7.7
13.5
-1.8
0.8
7.1
6.9
16.2
15.7
16.4

03-00
03-00
05-11
06-06
01-04
05-10
02-00
01-06
05-16
04-01
04-00
05-07
09-21
01-01
06-17
01-07
01-06
:
07-18
05-07
03-00
06-00
01-07
11-07
06-04
03-06
05-02
04-01
01-01

39.9
39.7
35.1
29.1
42.5
29.2
45.2
47.5
58.2
71.8
38.6
17.2
36.2
24.1
43.5
22.4
51.2
:
16.8
69.5
87.0
47.5
22.8
22.0
65.3
35.7
67.0
66.8
51.8

2.2
1.8
-10.8
7.3
30.5
6.1
4.6
-7.9
17.2
28.7
:
-7.4
16.8
2.5
14.6
-0.1
4.7
:
-20.7
36.0
8.4
9.9
-5.0
11.4
5.0
9.2
-9.0
6.9
11.7

3.1
3.2
-5.2
12.1
24.2
6.2
6.1
-12.3
24.3
27.4
:
-6.2
16.3
3.0
13.4
1.2
6.9
:
-25.5
-6.3
9.4
4.2
-4.0
11.9
5.2
3.6
8.0
10.9
8.9

3.5
3.2
-5.2
7.0
27.8
8.6
5.0
-5.8
21.4
25.6
:
-4.5
1.8
2.1
20.2
0.8
1.3
:
-22.9
-5.5
9.7
14.5
-4.2
11.0
3.4
3.1
7.0
8.1
16.5

2.6
1.8
-7.7
7.4
35.0
7.6
5.5
-2.2
15.3
23.9
:
-11.9
20.3
3.4
8.4
2.2
6.3
:
-22.5
35.3
9.6
8.1
-3.9
10.1
0.7
4.7
-4.0
9.6
13.9

3.4
2.8
-16.8
9.3
35.5
8.0
3.4
2.1
10.1
28.7
:
-0.4
-3.8
1.4
4.5
1.1
1.3
:
-18.8
52.5
8.7
2.8
-4.0
7.7
0.3
8.4
9.0
3.6
13.5

4.1
3.8
14.7
8.3
28.6
8.1
6.1
-1.7
8.9
40.0
:
-4.1
9.7
1.3
7.0
0.6
3.0
:
-18.4
53.8
8.7
8.5
-4.6
5.1
-1.9
6.2
-1.0
4.1
14.7

6.1
6.0
2.7
4.8
32.3
6.8
6.5
1.8
24.2
37.5
:
-2.4
10.0
3.7
3.2
1.9
-0.9
:
-16.3
47.4
10.2
3.7
-4.2
4.5
-0.8
4.0
0.0
5.2
15.7

6.1
5.7
-14.0
9.3
32.6
6.9
5.7
1.4
20.6
30.2
:
-0.9
22.4
2.0
9.1
3.1
7.1
:
-11.6
61.8
9.4
8.0
-2.4
5.1
-1.1
11.6
0.0
2.3
19.0

8.5
8.7
-1.4
9.1
31.9
6.0
6.5
1.8
24.5
32.8
:
1.2
23.0
6.7
10.4
3.7
4.9
:
-19.4
67.7
9.8
14.0
-2.7
0.3
-1.3
13.9
1.0
8.4
18.3

5.5
5.4
9.9
5.0
31.2
5.5
1.8
3.7
29.8
33.2
:
-3.1
20.2
2.7
0.5
2.5
3.5
:
-19.4
54.3
8.7
7.1
-3.1
5.4
-1.8
8.7
0.0
3.7
15.3

6.0
6.0
9.2
4.2
12.9
4.8
8.3
-5.9
1.9
26.5
:
-6.0
22.4
4.7
-1.3
3.3
-1.1
:
-15.4
42.3
7.3
3.8
-3.5
5.0
-1.4
10.2
-2.0
7.1
18.3

3.6
3.3
0.8
-2.3
14.3
5.6
4.1
-7.8
12.8
24.9
:
-3.4
10.1
3.7
0.8
1.4
2.9
:
-10.0
32.2
5.6
3.3
-4.3
4.7
-0.6
10.1
3.0
3.7
17.9

C o m po ne nt o f the
s e rvic e s c o nfide nc e
indic a to r

EVOLUTION
OF DEM AND
OVER THE P AS T
3 M ONTHS
(Que s tio n 2)
C o m po ne nt o f the
s e rvic e s c o nfide nc e
indic a to r

Va lue
-51.4
-51.7
-60.2
-39.8
-20.9
-47.4
-39.8
-65.2
-58.2
-47.1
-59.8
-53.4
-66.0
-58.4
-75.7
-44.0
-47.6
:
-50.9
-69.4
-55.5
-55.5
-53.1
-55.5
-44.8
-37.9
-64.8
-49.2
-55.8

2025
M a x.

13

T ABLE 3 (continued) : Monthly survey of services (s.a.)
S inc e 2000 (*)
M in.

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

11.9
11.7
17.8
18.1
22.6
8.2
15.5
3.6
34.5
13.3
19.3
1.1
12.9
7.4
13.1
5.6
8.8
:
0.0
22.9
12.8
12.6
2.8
12.4
8.9
12.3
22.6
15.8
23.8

Da te Va lue
08-00
39.9
08-00
39.8
07-00
52.0
05-02
50.1
02-07
49.1
01-11
35.3
07-00
62.2
12-05
33.1
11-15
67.4
09-01
72.2
02-00
54.6
07-07
16.9
03-17
35.8
11-00
40.7
11-17
60.2
02-02
30.8
10-18
33.1
:
:
03-18
28.1
01-26
63.0
02-07
60.8
10-13
33.8
11-07
28.0
06-01
37.2
06-04
53.2
09-02
39.7
01-02
82.4
12-00
56.6
02-01
65.2

May
7.7
7.4
10.4
16.8
34.7
7.7
11.4
-1.5
26.0
30.8
:
-4.7
21.9
0.8
14.9
4.9
6.0
:
-2.9
14.8
10.1
7.3
-3.3
15.8
0.4
12.3
10.9
10.1
20.4

J un
7.1
6.7
15.8
14.3
27.4
8.1
11.5
-3.6
17.8
31.3
:
-8.1
14.1
-0.3
25.5
2.9
8.9
:
-2.9
21.5
10.5
6.6
-2.7
15.7
0.4
10.9
3.5
8.6
20.4

J ul
8.6
8.5
14.9
16.6
19.7
7.9
11.0
-3.4
32.3
32.3
:
-3.0
13.8
-0.5
17.9
0.8
7.8
:
-5.0
7.1
11.0
10.1
-2.0
12.3
-1.1
10.9
3.1
7.5
21.3

Aug
9.2
8.6
13.9
18.1
32.9
7.9
11.8
-1.3
18.5
33.2
:
-3.6
30.8
2.0
9.7
0.7
8.9
:
-6.5
14.3
13.8
7.1
-0.5
15.8
-0.1
12.4
11.3
9.3
27.0

Sep
10.6
10.5
18.8
15.3
30.0
11.2
9.3
5.0
30.7
28.3
:
0.9
26.0
6.7
21.4
3.2
5.8
:
2.2
57.9
10.8
6.3
-2.2
12.9
-1.6
10.9
7.4
12.4
24.7

Oc t
9.5
8.9
4.8
21.4
32.1
9.3
10.2
7.6
14.2
29.2
:
-3.5
28.3
7.8
27.6
6.5
9.0
:
2.1
30.3
11.5
10.3
-1.1
10.9
-0.3
11.9
-4.6
11.6
28.1

No v
10.5
10.0
13.4
21.7
29.2
14.2
11.6
9.2
13.2
25.6
:
-1.0
17.0
6.9
25.6
5.4
6.6
:
3.4
37.4
12.0
11.2
0.9
8.7
0.8
12.6
12.4
11.1
29.9

De c
10.9
10.5
7.4
10.5
24.8
16.2
10.6
8.3
28.4
29.7
:
-1.1
17.9
6.0
12.5
4.1
10.0
:
4.1
48.1
9.9
15.5
0.3
13.4
0.5
14.4
18.8
13.5
31.9

J an
10.7
10.3
8.7
10.4
26.0
16.1
11.5
6.9
22.1
27.5
:
-1.5
25.8
9.1
19.1
9.4
10.1
:
1.4
63.0
11.6
12.5
-0.2
8.3
0.1
7.9
19.8
14.7
32.7

Feb
9.2
8.8
6.1
8.2
13.9
9.7
13.9
3.9
22.3
31.3
:
-5.1
21.1
10.1
22.7
6.5
10.2
:
-5.7
-10.7
8.9
8.5
0.1
13.5
-0.9
7.3
18.7
13.7
34.1

Mar
8.1
7.8
1.1
12.0
20.8
12.2
12.0
2.6
26.5
24.1
:
-2.8
13.4
8.8
-32.3
5.4
3.9
:
-6.1
55.3
10.4
8.4
-0.9
10.8
-1.3
5.7
-0.8
14.0
24.0

Apr
4.1
3.0
-8.0
5.6
30.8
9.8
4.8
-0.6
-1.1
28.8
:
-6.7
16.0
6.6
-5.8
3.5
5.6
:
-4.5
23.3
8.9
-2.1
-4.6
8.8
-3.2
4.6
12.3
15.2
25.2

Ave .

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20
08-15
04-20
04-20
04-20
03-20
04-20
04-20
04-20
:
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20
04-20
07-02
04-20

Va lue
-65.2
-65.3
-72.4
-39.5
-46.6
-61.6
-50.1
-96.1
-45.8
-58.0
-75.0
-70.5
-89.6
-46.2
-103.2
-57.4
-53.1
:
-61.3
-62.9
-76.0
-54.5
-65.8
-54.8
-64.1
-70.9
-62.6
-67.9
-70.0

EVOLUTION OF
EM P LOYM ENT
EXP EC TED
OVER THE NEXT
3 M ONTHS
(Que s tio n 5)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

04-20
04-20
03-09
04-20
03-21
04-20
04-20
04-20
04-20
08-15
04-20
04-20
04-20
08-14
09-12
04-20
06-09
:
04-09
02-22
04-20
04-20
04-20
04-20
06-02
04-20
12-04
04-20
04-20

-37.6
-37.1
-34.8
-28.1
-34.6
-49.7
-18.8
-41.9
-34.8
-46.5
-35.5
-63.9
-28.5
-21.9
-24.2
-41.4
-40.8
:
-28.2
-54.1
-34.7
-25.3
-26.6
-31.0
-48.4
-39.1
-71.0
-40.4
-60.4

4.8
5.0
15.3
-1.7
-10.0
-0.9
6.1
8.4
22.2
2.2
7.9
1.7
4.1
0.9
3.1
2.4
5.5
:
-0.4
17.2
5.3
8.1
0.4
2.6
0.1
4.0
-12.6
5.7
8.9

01-01
01-01
11-21
02-24
05-16
01-11
08-18
03-05
11-00
05-24
04-00
12-00
01-24
04-00
03-24
03-07
04-07
:
01-18
09-21
03-07
08-00
01-08
01-00
03-03
03-08
09-18
12-00
09-00

24.9
23.4
44.6
17.6
21.8
14.2
23.5
29.6
46.1
50.5
43.3
21.8
25.4
25.7
32.0
21.6
33.1
:
17.0
66.0
33.5
37.1
18.6
19.6
34.6
29.5
33.0
81.1
62.6

0.5
0.5
8.4
1.8
-4.6
5.5
2.1
-2.6
11.3
28.9
:
-11.3
10.5
3.7
10.7
3.5
8.3
:
0.3
14.7
7.5
-3.2
1.5
3.5
2.3
9.4
4.0
-2.0
3.5

1.1
1.3
10.5
4.4
-5.2
4.5
-0.7
-0.9
9.6
27.0
:
-7.7
-8.6
6.7
8.4
1.4
4.9
:
-1.3
19.1
8.4
3.1
2.3
2.2
2.5
5.5
6.0
-2.2
3.1

1.3
2.1
9.1
1.0
-18.2
6.2
0.4
0.9
13.5
32.6
:
-7.8
8.0
2.1
9.2
-2.2
5.7
:
-4.9
10.1
8.2
8.5
0.6
3.2
-0.5
9.2
3.0
-1.3
1.3

1.4
1.8
4.3
6.1
-12.7
4.8
-0.5
4.2
3.1
29.3
:
-4.3
7.3
0.8
3.8
0.0
3.6
:
-1.7
10.4
7.6
4.3
0.3
1.6
-1.8
12.4
14.0
-3.4
5.1

0.1
0.4
3.4
1.8
-13.2
5.7
-5.2
6.3
10.7
15.5
:
-7.0
6.5
-1.0
10.6
1.1
3.2
:
-2.8
60.3
9.8
5.7
0.7
3.9
-2.8
10.9
7.0
-2.3
2.8

1.2
1.0
-9.1
2.1
-9.2
5.1
-0.3
6.0
7.6
15.3
:
-4.5
2.3
-0.6
16.3
2.9
5.0
:
3.8
48.0
7.4
3.9
0.7
3.7
-2.0
11.9
7.0
-3.7
4.9

0.9
0.5
-0.9
1.9
-8.4
4.8
-3.6
5.2
1.2
15.3
:
-2.0
7.4
1.5
7.8
0.2
2.8
:
2.4
46.6
8.3
-2.6
1.2
1.4
-3.4
8.0
0.0
-6.2
7.2

0.5
-0.4
-6.9
-4.5
-19.4
6.3
-4.7
4.4
8.2
18.3
:
-5.8
2.1
3.6
13.7
5.3
4.5
:
5.5
26.2
8.2
6.4
0.1
7.3
-3.6
14.3
-1.0
-2.1
11.7

1.4
0.9
-5.3
0.3
-14.3
6.0
0.0
4.3
2.0
20.6
:
-3.1
4.9
2.8
10.9
0.8
3.8
:
2.2
40.9
8.9
4.9
0.4
3.5
-2.5
8.3
-16.0
-4.8
8.4

0.3
-0.1
-3.4
0.8
-16.2
6.3
-2.2
4.4
3.9
27.0
:
-6.3
4.8
4.1
6.2
1.7
4.3
:
-2.1
18.2
10.1
-0.9
0.6
6.8
-2.5
5.3
18.0
-7.2
9.3

-0.1
-0.3
-12.2
2.6
-11.6
6.1
-1.3
1.7
7.6
11.2
:
-4.4
5.0
3.3
-4.6
0.5
5.2
:
-1.7
36.0
9.3
3.4
0.1
4.4
-3.6
10.4
5.0
-5.6
5.3

-4.5
-5.1
-10.9
-0.3
-22.9
7.3
-8.4
2.5
-4.7
15.9
:
-11.1
3.0
3.0
-1.7
-1.5
5.5
:
-2.4
2.9
8.1
-0.9
1.5
3.2
-1.6
8.2
-9.0
-4.5
2.5

S ELLING–P R IC E
EXP EC TATIONS
(Que s tio n 6)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

04-20
04-20
01-10
09-10
04-20
04-20
04-03
04-20
07-09
03-13
02-13
04-20
04-20
04-13
04-13
08-09
06-09
:
01-16
11-16
04-20
03-13
04-20
04-20
04-20
04-20
03-16
09-03
05-20

-13.8
-12.9
-14.5
-11.0
-15.7
-21.3
-9.4
-40.2
-48.1
-39.1
-18.9
-23.2
-19.7
-17.1
-41.1
-27.3
-26.3
:
-8.3
-62.6
-7.2
-10.2
-21.2
-23.6
-15.5
-16.1
-27.0
-31.6
-26.9

7.1
7.0
9.8
6.8
6.7
2.0
15.9
11.6
8.4
0.8
5.8
-1.7
6.0
1.2
5.2
7.3
4.2
:
11.9
10.2
11.2
13.7
3.2
4.0
12.3
5.0
11.9
10.0
11.3

04-22
04-22
11-22
07-04
04-22
12-22
04-22
04-22
03-22
05-24
04-22
01-23
06-22
02-04
06-03
11-07
01-22
:
04-22
07-23
11-22
10-22
06-22
04-22
04-04
08-22
11-02
01-08
12-22

30.4
30.5
43.7
44.6
34.7
18.5
50.4
50.5
54.4
40.0
36.6
17.9
39.5
20.0
96.2
37.5
34.1
:
59.2
81.3
32.6
66.0
26.8
24.7
55.7
35.5
75.0
48.6
42.5

13.0
13.3
15.1
8.3
10.7
5.1
24.2
20.1
30.8
21.6
:
0.3
20.3
5.8
1.3
9.9
10.5
:
13.1
26.4
14.5
13.0
3.3
12.1
21.0
7.8
12.0
20.5
19.1

12.3
12.8
14.6
9.0
3.8
0.7
22.8
19.3
34.7
30.5
:
-0.7
15.0
4.8
1.8
8.8
11.3
:
13.3
32.1
16.5
14.8
2.9
11.7
20.2
11.1
22.0
11.1
15.4

12.9
13.3
9.1
7.2
7.8
2.0
23.3
20.5
28.1
24.4
:
2.0
17.0
5.1
0.9
9.6
9.3
:
16.0
30.6
16.2
10.6
3.6
9.8
34.7
8.1
24.0
17.4
12.2

13.9
14.4
11.8
3.9
2.3
2.7
25.7
17.5
27.6
23.1
:
3.5
18.5
4.6
5.3
8.1
12.4
:
11.3
31.5
17.2
12.9
3.9
8.4
34.5
10.7
24.0
5.3
13.6

11.9
12.2
13.2
4.4
8.2
3.4
20.8
20.5
28.1
1.7
:
0.9
12.0
4.8
2.7
5.9
11.4
:
17.8
33.2
15.9
16.7
3.8
5.0
28.2
11.1
0.0
11.2
11.6

12.1
12.3
8.8
4.2
6.9
0.9
21.5
16.7
27.9
10.7
:
1.6
15.9
2.0
8.2
10.0
11.1
:
15.5
33.4
14.8
19.6
4.1
9.3
25.0
11.0
17.0
2.1
15.1

13.6
13.8
11.1
6.4
20.4
4.5
24.3
15.7
38.0
6.1
:
0.8
11.5
3.4
7.2
9.9
12.0
:
19.8
35.3
16.6
23.5
3.0
12.4
22.6
18.8
11.0
8.2
17.6

14.3
14.6
16.1
7.9
12.5
9.4
25.5
16.3
32.8
12.5
:
1.3
18.1
4.8
10.4
9.9
12.0
:
16.6
39.0
16.3
26.3
3.5
14.5
22.7
16.5
8.0
4.3
20.0

14.2
14.3
18.4
4.9
10.1
12.4
21.2
14.7
34.7
26.2
:
2.1
17.9
7.5
12.1
8.6
14.6
:
21.0
41.5
17.3
24.2
5.6
13.6
22.8
15.7
24.0
7.0
17.6

13.8
14.1
16.8
2.5
15.9
4.7
24.0
16.6
28.1
30.9
:
0.2
19.1
7.2
17.0
11.3
12.0
:
20.2
24.2
16.9
18.8
5.2
17.3
22.4
16.5
22.0
8.7
15.0

14.7
14.9
15.6
7.8
12.2
5.0
24.9
14.8
40.0
27.2
:
0.2
17.5
6.0
12.6
15.2
16.7
:
22.9
50.7
18.3
18.9
6.8
15.2
25.3
17.7
16.0
9.2
17.7

16.8
17.4
17.2
9.5
16.3
7.0
26.0
21.4
45.8
24.6
:
1.1
23.6
9.6
12.1
22.0
14.3
:
20.8
31.4
20.3
32.0
7.1
20.3
27.1
27.6
15.0
22.0
10.5

EVOLUTION OF
DEM AND
EXP EC TED
OVER THE NEXT
3 M ONTHS
(Que s tio n 3)
C o m po ne nt o f the
s e rvic e s c o nfide nc e
indic a to r

14

T ABLE 3 (continued) : Monthly survey of services (s.a.)
S inc e 2000 (*)
M in.
UNC ER TAINTY (n )
(Que s tio n 31)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te Va lue
05-19
-6.1
05-19
-4.0
08-25
-2.4
05-24
-13.0
02-26
-40.1
02-22
-15.6
05-19
-5.9
10-21
13.1
11-24
-5.2
02-25
-22.0
06-24
-16.1
08-25
6.9
07-24
-19.3
11-25
12.8
04-19
-39.1
07-24
4.3
01-26
3.4
:
:
08-19
0.0
03-26
-45.1
09-24
1.9
05-21
-5.6
08-25
13.6
07-24
-6.2
04-24
-0.8
07-25
10.1
07-23
-2.0
01-20
-5.5
11-21
-2.0

Ave .
15.5
16.0
9.8
0.8
17.8
-6.6
23.5
32.8
10.3
-2.0
5.1
11.6
1.6
23.2
27.5
19.3
16.5
:
21.1
18.9
8.4
11.3
24.6
1.9
7.2
21.3
24.7
23.4
21.7

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

Da te Va lue
04-20
42.8
04-20
44.9
01-26
17.9
01-22
14.5
05-21
34.2
04-26
0.4
04-20
44.0
11-22
40.6
07-21
26.6
04-22
36.7
04-22
23.2
04-21
31.3
05-21
32.5
03-22
40.6
03-22
67.4
02-21
41.0
11-22
35.0
:
:
08-21
38.9
08-25
73.6
05-21
22.7
09-22
26.2
01-21
42.1
07-21
24.3
03-26
15.0
11-21
36.6
10-24
49.0
04-20
45.5
12-22
35.0

May
13.8
13.3
12.9
-0.4
17.0
-3.7
27.6
40.2
7.1
-9.3
:
11.6
2.4
17.9
2.2
7.9
13.0
:
28.8
9.0
6.6
10.5
17.0
0.4
8.0
11.8
23.5
23.5
29.8

J un
10.3
9.5
6.5
-5.2
15.7
-7.5
18.0
38.9
3.7
-9.1
:
9.3
-2.6
17.3
17.6
10.1
11.6
:
25.6
48.7
6.7
12.9
16.1
-2.4
6.4
12.7
28.0
21.5
28.4

J ul
12.3
11.9
10.4
-5.3
13.8
-5.4
22.8
34.9
6.3
-7.9
:
12.1
-0.8
18.7
10.5
7.2
11.3
:
26.7
36.3
4.4
8.5
16.0
-3.2
7.5
10.1
30.0
28.0
24.7

Aug
10.2
9.5
-2.4
-4.2
16.1
-8.4
21.3
33.2
19.2
-16.6
:
6.9
-0.3
15.8
4.4
5.8
9.1
:
24.5
73.6
4.4
8.8
13.6
-4.1
8.2
12.8
36.0
21.0
26.9

Sep
12.6
12.3
6.1
-5.8
15.6
-9.0
25.3
35.2
12.2
-5.5
:
12.4
-5.8
17.1
17.2
6.5
9.8
:
29.2
-20.9
4.7
8.5
14.1
-3.9
9.0
15.1
23.5
24.0
26.8

Oc t
13.1
13.1
12.0
1.4
9.7
-5.4
27.5
31.3
0.0
-6.0
:
13.0
-7.8
16.9
9.3
13.0
11.6
:
21.8
51.3
5.2
12.1
13.7
-4.7
8.5
16.3
40.5
19.5
24.0

No v
12.9
12.6
7.7
-4.2
24.0
-8.1
27.8
32.8
17.7
-14.3
:
12.3
-5.2
12.8
8.4
6.1
11.3
:
28.7
33.4
5.7
7.3
14.6
-1.6
8.8
15.7
22.0
21.5
24.2

De c
12.3
11.9
14.2
7.2
23.2
-3.7
25.5
34.6
8.9
-8.5
:
11.6
-8.9
14.5
6.4
6.2
12.3
:
27.3
-5.2
5.4
8.4
14.1
-3.6
9.5
17.7
14.0
24.5
21.2

J an
13.0
13.0
17.9
2.8
18.5
-6.1
27.2
32.2
7.9
-19.8
:
12.1
-3.8
17.2
-2.4
14.4
3.4
:
18.5
-26.5
5.4
8.5
13.8
-1.3
10.9
14.6
36.0
22.5
21.6

Feb
10.3
10.7
8.8
-3.8
-40.1
-4.9
24.0
30.4
-0.8
-18.4
:
11.5
-9.5
16.5
8.7
12.4
4.0
:
27.0
-13.6
4.8
2.9
13.9
-2.5
12.3
19.0
35.0
19.5
20.0

Mar
15.5
15.1
11.1
-4.6
19.4
-1.0
30.7
34.2
13.6
-7.6
:
11.9
-2.0
21.7
40.7
14.0
7.5
:
28.4
-45.1
5.7
11.4
14.7
0.0
15.0
18.9
25.0
27.5
28.5

Apr
17.6
17.6
7.8
7.4
24.2
0.4
31.9
38.5
23.0
-6.0
:
16.7
10.9
21.8
30.9
16.9
9.6
:
27.5
3.9
7.7
15.1
15.3
0.6
14.6
20.9
29.0
28.0
26.3

In the ta ble s : (s .a .) = s e a s o na lly a djus te d, (n) = no t s e a s o na lly a djus te d, : = no t a va ila ble .
(*) M inim um , m a xim um a nd a ve ra ge s a re c a lc ula te d o ve r the pe rio d o f a va ilibility whic h is no t ne c e s s a rily a s fro m 01/2000.
(a ) The indic a to r is the a rithm e tic a ve ra ge o f the ba la nc e s (%) fo r the que s tio ns o n bus ine s s s itua tio n a nd re c e nt a nd e xpe c te d e vo lutio n o f de m a nd.

T ABLE 3a: Quarterly survey of services (s.a.)
(Data c o lle c te d in J anuary, A pril, J uly and Oc to be r e ac h ye ar.)

Capacity utilisation in se rvice s (%)
(Question 8)
S inc e 2011 (*)
M in.
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
II-20
II-20
III-20
I-12
III-21
II-20
II-20
II-20
III-20
III-20
III-12
IV-20
III-12
I-14
III-20
III-20
I-26
:
I-16
III-24
II-21
II-20
I-18
II-21
II-26
II-21
IV-20
III-25
III-20

Va lue
85.8
85.3
87.2
89.1
91.2
86.3
83.1
78.3
77.8
72.1
80.7
89.2
61.9
84.3
76.8
87.1
77.8
:
79.4
82.0
86.2
80.1
76.2
85.3
81.6
86.6
91.0
88.5
89.0

Ave .
89.4
89.2
91.4
91.6
93.1
89.4
89.0
82.6
86.2
83.3
85.5
91.5
84.5
88.5
82.1
90.5
87.7
:
87.4
90.4
89.3
90.1
90.9
89.4
88.6
89.9
93.3
90.9
92.4

M a x.
Da te
Va lue
III-22
91.3
III-22
91.1
III-17
94.3
IV-11
94.9
III-11
96.4
III-18
91.2
III-22
91.3
III-19
86.5
I-26
90.1
IV-23
93.8
I-19
89.2
IV-22
93.8
III-23
90.0
III-25
92.2
I-19
87.5
III-18
92.3
IV-11
90.6
:
:
I-20
94.3
IV-23
99.7
III-19
92.1
III-22
93.2
I-26
92.4
III-11
92.3
II-23
93.8
III-23
92.7
II-24
96.0
IV-17
92.8
III-22
95.0

2024
-21
III
90.3
90.3
91.5
90.5
93.0
89.6
89.7
81.7
85.6
91.9
88.3
93.2
86.9
90.1
82.6
90.0
87.6
:
86.0
82.0
89.2
88.1
92.2
88.9
84.9
91.5
95.0
89.5
92.0

2025
-18
IV
90.4
90.5
92.1
90.7
93.8
89.3
89.5
80.8
89.2
91.5
:
93.0
89.3
91.4
85.9
90.4
88.0
:
83.5
86.5
89.1
89.3
92.2
89.0
84.7
91.7
92.0
88.8
91.0

-15
I
90.2
90.2
91.7
91.4
93.1
89.2
88.9
80.5
88.6
93.2
:
92.5
88.0
91.3
84.4
89.5
88.9
:
85.3
84.0
89.2
89.3
92.1
89.4
88.5
91.8
94.0
88.5
91.0

-12
II
89.5
89.3
89.3
90.8
93.9
88.7
87.7
82.2
88.0
90.6
:
92.1
86.4
90.2
83.8
90.5
87.9
:
85.1
86.6
88.9
88.6
92.2
88.1
87.9
92.1
93.0
89.6
91.0

2026
-9

-6

-3

0

III
90.4
90.4
90.1
91.0
93.5
89.4
89.4
81.9
89.6
90.1
:
92.0
86.1
92.2
84.5
90.3
88.6
:
87.5
89.0
89.0
89.2
92.2
90.4
84.9
91.9
92.0
88.5
92.0

IV
89.7
89.4
88.7
92.1
94.2
89.2
88.4
81.7
87.8
90.1
:
91.7
87.1
91.1
86.7
91.0
87.7
:
85.5
88.5
88.7
89.4
92.2
90.7
89.0
92.2
93.0
89.5
92.0

I
89.9
89.9
89.0
91.8
94.6
88.9
88.8
80.3
90.1
90.4
:
92.0
85.7
91.9
83.6
90.3
77.8
:
84.3
84.7
88.5
89.9
92.4
90.3
83.1
92.5
95.0
88.9
91.0

II
89.8
89.7
87.7
92.5
94.3
88.7
87.8
80.6
88.5
91.1
:
92.5
87.6
91.0
82.6
90.3
85.0
:
87.0
84.2
:
89.5
92.3
91.1
81.6
92.5
95.0
89.3
92.0

(*) Min imu m, ma ximu m a n d a ve ra g e s a re c a lc u la te d o ve r th e p e rio d o f a va ila b ility wh ic h is n o t n e c e s s a rily a s fro m 2 0 11.

15

T ABLE 3b: Service investment survey - all branches. EU Member States.
R e s ults o f M a rc h/April 2026 inve s tm e nt s urve y, % c ha nge in va lue , o ve r the pre c e ding ye a r
Ye a r:
Da te o f
s urve y:
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

2023
M a r./Apr. Oc t./No v. M a r./Apr.
2023
2023
2024
P ro v is .
Es tim .
Final
18
8
20
18
9
21
33
13
35
27
18
30
42
43
25
8
10
9
14
1
16
-13
-26
-9
:
:
:
24
33
71
23
14
30
7
7
16
6
13
40
32
15
21
24
30
28
8
6
11
47
3
24
:
12
18
18
-3
10
70
-13
59
20
11
15
17
0
16
13
5
17
15
15
-7
6
-2
11
17
10
16
32
34
31
2
-3
2
9
-6
11

2024
Oc t./No v. M a r./Apr. Oc t./No v. M a r./Apr.

2025
Oc t./No v. M a r./Apr. Oc t./No v. M a r./Apr.

2023
P ro v is .
9
10
14
21
12
8
2
-21
:
44
23
2
20
20
61
3
37
10
6
4
5
-2
7
3
3
13
25
-2
-5

2024
P ro v is .
8
8
9
30
35
7
-3
-21
-18
11
:
-1
27
21
43
7
49
32
-8
55
4
5
11
8
10
16
57
10
6

2024
P ro v is .
9
9
-21
22
11
15
3
-16
:
49
19
5
21
19
36
11
37
-6
12
45
8
4
19
4
8
18
27
-6
-1

2024
Es tim .
6
5
0
22
57
10
-8
-24
37
42
:
3
23
16
50
4
20
-22
-13
17
4
-2
9
10
6
7
44
1
1

2025
Final
14
14
37
23
32
15
-1
-9
47
61
:
9
8
27
30
9
36
10
8
49
15
9
19
1
6
13
20
2
7

2025
P ro v is .
11
11
23
24
52
8
5
-5
33
53
:
1
11
22
31
11
35
-5
9
31
10
6
17
1
2
13
12
-14
4

2025
Es tim .
5
4
-1
9
44
14
-3
-16
28
77
:
-1
16
12
36
4
15
2
-3
48
4
-15
5
8
-6
5
3
-12
2

2026
Final
16
16
37
32
29
11
5
0
39
62
:
6
41
38
40
10
25
-25
8
42
12
3
17
5
-2
9
51
-7
11

2026
Oc t./No v. M a r./Apr.
2025
2026
P ro v is .
P ro v is .
7
11
6
10
-5
23
10
16
34
46
11
13
1
3
-8
6
-4
29
30
35
:
:
-4
1
13
24
12
21
35
27
2
3
45
33
-10
1
6
9
39
26
3
12
-10
5
7
13
13
5
-2
-9
10
14
9
-1
0
18
12
18

16

T ABLE 4: Monthly survey of consumers (s.a.)

(a)

S inc e 2000 (*)
M in.

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

-10.1
-10.6
-7.9
-24.7
-10.4
2.2
-8.4
-11.0
-7.7
-40.3
-2.3
-11.4
-19.7
-14.7
-20.1
-9.0
-5.2
-8.1
-22.5
-9.4
-7.9
-10.4
-7.6
-19.9
-18.1
-22.2
-19.4
-3.4
-1.0

Da te Va lue
05-00
-0.6
01-00
-0.4
11-00
5.4
07-01
-8.0
03-18
7.4
01-06
12.5
02-18
2.3
01-07
12.5
04-00
14.9
04-00
0.5
03-00
14.9
01-01
1.9
01-20
0.1
07-01
-0.9
03-03
3.6
09-06
13.9
03-07
12.0
02-02
3.6
08-02
6.4
02-18
16.3
01-00
9.9
12-17
3.7
06-19
7.3
01-00
-2.4
03-17
0.1
04-18
-4.3
04-07
3.0
12-17
7.2
05-21
9.1

May
-13.0
-13.5
-14.3
-19.5
-9.2
-14.3
-9.1
-35.4
-17.5
-42.7
-2.3
-17.5
-13.2
-16.0
-15.8
-15.4
0.6
-7.1
-27.9
-0.1
-17.0
-18.5
1.8
-15.9
-15.3
-24.4
-21.9
-8.6
-10.1

J un
-13.4
-13.8
-12.7
-20.0
-8.9
-13.4
-9.8
-34.7
-14.1
-46.9
-2.9
-17.4
-10.9
-17.2
-14.8
-11.3
0.4
-12.0
-29.5
0.3
-15.5
-18.3
2.8
-16.1
-25.1
-25.3
-20.9
-8.6
-8.0

J ul
-13.2
-13.4
-12.0
-19.8
-6.0
-12.8
-8.8
-37.9
-17.5
-47.6
-4.5
-16.8
-11.2
-16.9
-19.1
-9.7
0.0
-9.0
-28.8
2.6
-13.7
-17.0
-2.5
-15.0
-31.9
-27.6
-19.3
-6.9
-6.0

Aug
-13.4
-14.0
-12.7
-21.4
-9.3
-14.0
-10.5
-36.1
-16.2
-48.8
-2.6
-18.5
-11.9
-16.8
-13.4
-14.6
1.6
-9.4
-27.1
1.5
-14.0
-14.1
1.3
-17.7
-31.7
-26.5
-20.1
-8.0
-6.8

Sep
-13.0
-13.4
-9.7
-20.0
-7.3
-14.5
-9.2
-33.7
-16.1
-45.6
-0.9
-19.3
-14.1
-15.7
-12.1
-14.2
2.2
-10.2
-24.7
2.1
-13.9
-18.7
-1.0
-17.4
-31.5
-24.7
-19.5
-6.9
-5.0

Oc t
-12.2
-12.6
-13.1
-24.0
-3.6
-12.8
-10.8
-30.4
-17.9
-47.6
-0.1
-15.5
-10.2
-15.4
-15.8
-5.1
3.0
-9.4
-23.0
4.0
-12.9
-17.7
-4.7
-13.2
-30.6
-25.2
-23.4
-7.5
-3.6

No v
-12.4
-12.9
-11.4
-23.5
-2.6
-12.8
-11.5
-28.3
-17.6
-50.6
-0.9
-15.8
-10.5
-16.5
-13.6
-6.9
2.9
-5.9
-24.4
8.4
-9.3
-17.5
-4.5
-15.1
-29.8
-24.2
-24.1
-6.3
-3.3

De c
-12.6
-13.3
-13.9
-26.8
-2.5
-11.2
-12.1
-27.1
-17.5
-47.0
-1.9
-16.3
-8.8
-16.6
-10.2
-8.3
1.4
-8.9
-19.5
5.1
-10.4
-16.1
-1.4
-15.2
-30.9
-24.7
-23.6
-6.7
-3.7

J an
-11.8
-12.6
-14.0
-23.5
1.1
-7.8
-10.1
-25.3
-17.0
-50.3
-1.8
-15.7
-10.3
-15.6
-10.5
-11.4
1.3
-8.8
-19.6
6.6
-12.0
-18.6
1.5
-13.7
-34.6
-21.4
-25.1
-8.5
-2.1

Feb
-11.9
-12.4
-14.1
-23.9
-0.8
-8.0
-11.2
-24.9
-15.5
-49.2
-1.7
-14.3
-9.3
-15.1
-12.3
-10.1
0.5
-6.2
-17.8
3.8
-12.2
-13.3
-3.1
-17.2
-31.7
-23.0
-23.4
-10.3
-2.6

Mar
-15.4
-16.4
-18.3
-25.5
-1.1
-8.3
-13.9
-29.7
-23.5
-52.5
-3.0
-17.2
-11.3
-20.1
-26.2
-9.3
-2.7
-15.4
-18.4
1.4
-18.1
-20.4
-2.0
-25.4
-32.2
-23.0
-25.4
-11.4
-4.5

Apr
-19.4
-20.6
-19.8
-25.8
-6.6
-14.2
-18.0
-32.5
-28.7
-54.7
-6.2
-21.8
-16.0
-23.9
-28.9
-15.6
-3.3
-14.1
-15.9
2.0
-23.8
-24.1
-4.9
-28.8
-35.1
-30.8
-25.4
-12.6
-7.3

Ave .

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
09-22
09-22
09-22
10-12
07-22
10-22
09-22
09-22
12-10
02-12
08-12
09-22
08-09
06-12
04-13
06-09
11-09
09-22
04-09
05-12
09-22
07-22
04-20
10-12
06-10
09-12
02-04
09-22
10-22

Va lue
-27.2
-27.5
-28.1
-37.4
-32.6
-23.5
-28.0
-43.0
-36.1
-81.3
-28.0
-22.3
-43.1
-31.1
-60.3
-47.4
-37.7
-29.9
-57.6
-35.1
-35.9
-34.2
-27.7
-47.8
-53.5
-43.1
-37.5
-18.5
-27.5

F INANC IAL
S ITUATION OF
HOUS EHOLDS
OVER LAS T
12 M ONTHS
(Que s tio n 1)

EU
EA
BE
BG
CZ
DK
DE
C o m po ne nt o f the
EE
c o ns um e r c o nfide nc e IE
indic a to r
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

10-22
10-22
10-22
05-11
06-22
11-22
12-02
09-22
02-11
02-12
11-12
05-13
03-11
01-13
09-13
10-09
02-10
08-22
03-09
05-12
09-22
06-08
08-01
03-13
07-10
01-08
04-00
12-22
02-23

-21.4
-21.0
-23.5
-46.6
-33.7
-31.5
-27.2
-38.9
-51.7
-84.1
-31.0
-23.5
-45.0
-40.0
-53.6
-63.9
-42.9
-20.4
-57.0
-55.2
-33.4
-27.5
-34.5
-43.0
-53.4
-47.3
-42.1
-13.1
-22.8

-9.6
-10.0
-8.2
-28.7
-11.5
1.9
-1.9
-10.5
-11.1
-43.8
-3.7
-13.8
-18.6
-18.5
-21.2
-10.2
-10.3
-3.6
-25.4
-16.7
-7.0
-10.7
-9.9
-18.1
-17.3
-25.1
-16.3
2.2
3.3

02-20
05-00
11-00
06-18
12-19
12-06
05-19
05-07
04-00
01-00
03-00
01-01
02-20
10-01
02-18
02-07
03-07
01-02
06-18
11-17
02-01
09-19
08-19
03-00
09-17
06-19
04-07
04-21
05-21

0.1
0.1
4.6
-12.8
12.0
16.0
12.2
16.9
17.6
-10.2
17.2
-2.2
2.6
-3.5
0.0
8.7
11.0
7.5
4.5
21.8
19.9
4.3
11.5
-1.1
4.4
-2.4
5.0
9.8
15.9

-9.1
-9.4
-8.6
-22.4
-11.0
-13.6
-1.5
-37.5
-16.3
-46.8
1.2
-16.7
-6.4
-14.3
-13.0
-10.0
0.7
-6.4
-21.9
0.5
-13.0
-8.9
-0.4
-9.5
-6.4
-17.7
-13.8
-3.8
-7.1

-10.0
-10.3
-7.0
-25.6
-10.9
-13.2
-5.1
-33.8
-15.1
-48.9
-0.2
-16.1
-3.5
-14.6
-12.4
-8.3
0.9
1.1
-26.2
-0.4
-11.7
-10.3
-1.4
-9.6
-13.2
-18.4
-14.1
-3.1
-5.0

-9.1
-9.1
-8.2
-21.1
-11.2
-12.7
-2.0
-37.8
-18.2
-49.3
-1.5
-14.4
-2.0
-13.4
-15.5
-8.9
0.5
-5.2
-26.2
6.4
-9.7
-7.5
-3.0
-10.5
-16.8
-20.3
-12.5
-1.6
-2.5

-9.3
-9.4
-7.6
-23.9
-14.3
-14.0
-3.1
-38.0
-19.9
-48.2
-0.7
-13.9
-4.6
-13.3
-9.6
-11.5
2.2
-0.7
-22.0
2.5
-12.4
-8.4
0.4
-11.8
-22.0
-21.0
-14.7
-0.9
-2.3

-9.7
-9.4
-7.7
-23.5
-11.0
-18.8
-2.3
-36.5
-17.9
-49.9
0.5
-14.3
-0.8
-14.7
-8.0
-9.3
1.0
-2.5
-24.6
1.3
-10.4
-11.4
-3.8
-9.4
-27.7
-20.1
-13.3
-1.1
-3.8

-9.5
-9.4
-8.7
-25.8
-11.6
-13.2
-2.9
-33.2
-21.2
-50.1
0.3
-13.5
-3.6
-13.4
-11.6
5.4
1.5
-6.8
-23.7
1.9
-8.7
-12.4
-6.7
-8.4
-26.0
-21.3
-15.0
-2.5
0.0

-10.1
-10.0
-6.0
-25.4
-9.5
-14.1
-5.0
-32.0
-23.2
-51.2
0.3
-13.9
-4.3
-15.1
-10.0
-5.8
1.0
-2.0
-29.5
1.6
-8.1
-12.5
-6.0
-8.0
-27.2
-19.7
-15.5
-2.1
-0.6

-9.4
-9.4
-8.6
-27.9
-7.3
-14.0
-3.9
-27.5
-21.5
-48.1
0.3
-14.2
-1.5
-13.8
-8.4
-4.7
0.3
-3.1
-22.3
2.0
-5.3
-12.4
-3.2
-8.7
-27.7
-19.8
-14.3
-0.3
-1.2

-8.6
-8.5
-8.4
-25.5
-7.8
-9.2
-1.8
-29.3
-20.4
-49.0
0.7
-13.0
-4.6
-13.5
-7.9
-8.3
2.0
-6.6
-21.3
2.8
-6.9
-14.3
-0.4
-7.2
-29.5
-16.6
-16.1
-3.4
-2.4

-9.1
-8.9
-9.8
-27.9
-4.6
-12.3
-3.1
-27.1
-22.7
-47.7
0.2
-13.0
-3.1
-14.2
-6.6
-4.9
-0.1
-4.1
-23.2
1.7
-5.4
-9.8
-7.3
-9.2
-29.9
-17.7
-14.8
-5.1
1.0

-9.2
-9.3
-9.5
-27.8
-2.7
-11.6
-4.2
-29.5
-20.1
-50.0
0.2
-12.3
-0.4
-14.0
-11.8
-3.2
0.5
-4.9
-16.2
2.8
-9.3
-13.0
-3.1
-11.4
-29.7
-15.7
-17.1
-5.8
0.8

-12.3
-12.6
-13.4
-31.7
-5.4
-12.4
-7.6
-32.9
-27.9
-55.1
-2.4
-17.2
-7.0
-15.2
-15.9
-9.6
0.2
-1.3
-18.4
2.4
-12.1
-15.2
-7.3
-15.9
-32.9
-21.6
-15.0
-5.9
0.2

F INANC IAL
S ITUATION OF
HOUS EHOLDS
OVER NEXT
12 M ONTHS
(Que s tio n 2)

09-22
09-22
09-22
12-08
07-22
10-22
09-22
09-22
12-10
12-11
02-09
05-13
08-09
06-12
04-13
06-09
01-09
09-22
04-09
11-08
11-12
09-22
04-20
10-12
06-10
07-22
11-02
09-22
10-22

-19.9
-19.9
-17.6
-33.6
-34.5
-14.1
-23.0
-45.2
-37.8
-78.4
-15.8
-16.9
-34.8
-20.3
-47.9
-39.5
-39.3
-29.6
-50.7
-46.9
-22.2
-27.7
-35.9
-35.6
-41.4
-38.8
-43.9
-8.7
-19.5

-1.0
-1.3
0.5
-18.3
-3.5
10.6
2.1
-4.0
0.0
-34.6
11.0
-6.2
-6.9
-4.2
-13.5
0.4
-1.2
-0.8
-15.0
-8.6
1.1
-3.0
-5.5
-8.6
1.6
-14.8
-12.5
7.9
9.3

08-00
03-00
08-00
08-01
12-18
10-00
07-17
10-06
04-00
08-19
12-15
01-01
01-20
10-01
02-18
09-06
12-24
06-02
08-02
02-18
10-00
05-19
06-19
02-00
01-05
06-18
12-06
03-17
07-02

7.2
7.3
13.8
4.1
15.5
43.0
10.8
16.3
25.4
5.3
25.0
6.0
12.6
7.5
10.8
15.0
12.8
12.0
14.8
22.7
21.9
9.9
11.5
7.8
19.8
3.2
7.4
13.5
17.5

-2.8
-3.0
-2.6
-16.1
-2.9
-5.5
1.2
-32.8
-3.2
-38.7
13.0
-8.9
0.8
-7.9
-6.7
-1.5
5.5
0.3
-20.6
0.6
-4.0
-7.3
0.3
-3.5
3.5
-14.5
-11.0
9.2
3.2

-3.4
-3.5
-2.9
-20.3
-1.0
-4.7
1.2
-32.3
-2.9
-42.8
12.3
-9.1
0.0
-8.6
-8.9
-2.5
4.8
-1.1
-18.9
3.8
-3.0
-6.9
2.4
-2.8
-12.2
-13.2
-9.2
7.8
4.5

-3.1
-2.8
-1.7
-19.2
5.3
-5.8
2.2
-35.8
-6.5
-45.2
10.6
-8.0
1.0
-7.1
-9.5
4.7
4.7
2.8
-17.3
5.8
-0.1
-3.9
-1.7
-0.4
-24.5
-18.2
-7.5
6.2
6.6

-4.1
-4.1
-0.8
-20.7
-0.7
-5.4
0.0
-33.2
-3.5
-43.3
12.4
-10.3
1.8
-10.5
-2.3
0.7
7.3
2.1
-16.9
4.9
-1.9
-2.9
1.4
-3.7
-24.0
-17.4
-9.1
6.3
4.9

-2.9
-2.8
0.5
-20.3
1.5
-6.7
2.1
-29.7
-3.7
-39.8
15.7
-10.2
2.4
-8.9
-5.4
-5.0
6.6
-2.0
-16.1
4.0
0.0
-7.7
-0.8
-2.6
-20.8
-15.6
-8.4
6.8
6.0

-2.7
-2.9
-0.9
-23.6
8.8
-6.0
-0.9
-24.7
-9.9
-44.2
13.4
-7.1
3.2
-7.7
-4.7
5.7
10.7
1.5
-13.1
4.1
2.0
-6.6
-3.2
0.3
-13.7
-16.2
-12.1
6.2
7.3

-2.8
-2.8
0.1
-25.5
9.2
-4.3
-0.5
-20.2
-8.4
-45.0
14.5
-7.5
3.9
-9.9
-3.5
4.9
8.8
-1.2
-15.0
11.9
2.1
-5.5
-5.0
-2.3
-11.4
-15.1
-14.3
9.2
4.9

-3.3
-3.6
-3.3
-30.1
10.4
-4.1
-2.3
-17.3
-10.1
-42.6
12.7
-8.7
3.9
-8.1
-2.4
5.5
7.5
1.7
-10.0
7.7
0.9
-7.2
-1.7
-2.5
-14.7
-14.7
-11.9
7.9
4.3

-2.3
-2.7
-2.0
-23.9
14.9
-1.5
0.8
-16.3
-6.4
-46.4
13.4
-7.2
4.3
-8.4
2.0
-1.3
7.1
-1.4
-8.6
10.1
-1.5
-7.6
0.6
-0.9
-17.2
-8.1
-13.2
6.8
8.3

-2.2
-2.3
-2.3
-21.2
9.5
-0.8
0.5
-16.7
-2.7
-46.6
14.7
-5.1
4.3
-9.8
-3.8
3.4
5.7
2.8
-4.9
7.6
-0.9
-3.5
-4.9
-1.8
-13.1
-12.7
-13.0
4.1
7.0

-5.3
-5.8
-2.8
-26.4
7.0
0.8
-2.8
-23.3
-17.0
-52.7
12.8
-8.3
1.6
-13.7
-18.2
3.5
3.4
-6.8
-9.8
1.2
-4.7
-10.5
-2.6
-12.3
-15.2
-13.5
-12.8
2.7
4.9

-9.2
-9.8
-5.1
-26.3
0.8
-6.8
-6.9
-29.3
-22.7
-54.6
8.2
-12.3
-4.9
-16.6
-22.7
-1.7
1.3
-5.0
-10.6
5.2
-10.1
-12.2
-4.6
-18.3
-18.8
-26.0
-12.1
0.7
1.9

C ONS UM ER
C ONF IDENC E
INDIC ATOR (b )

EU
EA
BE
BG
CZ
DK
DE
C o m po ne nt o f the
EE
c o ns um e r c o nfide nc e IE
indic a to r
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

17

T ABLE 4 (continued) : Monthly survey of consumers (s.a.)

(a)

S inc e 2000 (*)
M in.

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

-15.2
-15.7
-8.3
-23.6
-11.8
1.3
-21.2
-7.0
-8.6
-40.4
-0.3
-23.0
-24.8
-11.0
-22.8
-11.2
-6.0
-11.8
-20.7
-4.4
-5.8
-9.3
-14.6
-23.7
-19.1
-18.6
-24.4
-6.1
-7.8

Da te Va lue
06-21
5.0
06-21
7.5
06-21
18.2
07-01
16.9
01-18
17.3
07-01
28.4
11-10
3.0
10-06
24.3
11-15
35.4
09-19
17.8
12-15
32.7
06-17
6.4
01-20
-1.0
06-21
24.7
08-17
25.6
09-06
16.3
10-04
18.1
06-21
20.8
08-02
18.8
06-21
37.0
04-17
29.8
01-18
20.5
12-07
15.4
06-17
16.6
01-05
17.5
11-17
8.4
12-06
18.8
09-10
20.4
11-09
21.7

May
-27.0
-28.0
-29.7
-30.9
-19.4
-30.2
-22.0
-48.3
-36.6
-41.5
-15.7
-42.5
-26.0
-22.1
-25.9
-26.3
-8.1
-10.3
-43.4
-2.5
-34.2
-30.1
-10.1
-21.6
-20.6
-33.3
-38.9
-16.8
-17.4

J un
-26.0
-26.6
-24.4
-31.5
-16.6
-24.8
-20.3
-49.7
-31.4
-44.1
-16.3
-41.4
-24.2
-22.6
-23.7
-18.0
-9.0
-15.1
-47.2
-5.2
-31.4
-29.5
-8.5
-21.5
-33.6
-35.9
-38.2
-15.4
-14.1

J ul
-27.4
-28.1
-25.7
-32.2
-11.6
-24.7
-22.3
-51.7
-35.7
-46.9
-19.9
-42.8
-27.1
-24.6
-31.7
-20.1
-10.8
-17.3
-45.7
-4.6
-27.5
-24.0
-15.4
-20.0
-43.0
-36.7
-36.6
-12.7
-12.9

Aug
-27.5
-29.1
-26.4
-34.4
-14.8
-26.6
-24.7
-49.3
-33.7
-52.6
-15.4
-47.7
-26.4
-23.2
-26.5
-24.7
-6.0
-20.7
-44.1
-4.0
-26.2
-24.6
-11.4
-25.6
-42.5
-35.4
-35.4
-17.1
-13.7

Sep
-27.4
-28.9
-23.0
-33.2
-14.8
-21.7
-25.1
-45.8
-32.7
-46.3
-12.4
-50.2
-39.1
-20.7
-17.2
-29.2
-1.9
-20.7
-36.5
0.7
-29.0
-29.9
-12.9
-25.4
-41.4
-34.8
-36.1
-13.1
-8.0

Oc t
-24.2
-25.3
-27.1
-36.4
-0.5
-23.2
-26.4
-43.2
-30.7
-54.7
-7.6
-40.9
-27.6
-16.8
-23.3
-21.1
-3.6
-10.0
-35.1
3.6
-26.6
-26.4
-18.4
-19.7
-36.4
-33.7
-40.7
-13.3
-6.7

No v
-23.9
-25.1
-26.2
-35.1
-2.6
-24.7
-26.4
-40.1
-29.5
-51.5
-10.9
-41.1
-25.9
-18.8
-19.4
-20.8
-2.0
-19.1
-33.5
10.3
-16.1
-26.0
-15.5
-22.6
-39.8
-31.5
-38.9
-12.0
-2.6

De c
-24.7
-26.3
-28.3
-40.9
-7.0
-18.8
-27.9
-40.0
-31.2
-50.1
-13.6
-40.1
-25.6
-20.4
-15.1
-18.6
-5.4
-18.1
-27.6
5.9
-23.5
-22.4
-13.5
-22.5
-37.5
-34.6
-39.3
-12.9
-4.4

J an
-24.4
-26.2
-29.5
-34.0
6.8
-16.4
-26.6
-36.4
-29.9
-55.4
-14.6
-40.3
-25.8
-20.9
-18.7
-22.3
-7.0
-11.4
-29.5
9.4
-24.1
-22.7
-8.8
-22.3
-44.0
-32.4
-43.4
-16.0
-2.1

Feb
-23.8
-25.2
-25.9
-31.7
-0.5
-12.1
-28.1
-39.0
-29.8
-54.0
-15.4
-36.1
-25.0
-19.5
-18.9
-20.2
-8.3
-11.2
-21.7
3.4
-27.5
-17.5
-13.0
-27.3
-37.9
-30.5
-38.9
-17.9
-5.2

Mar
-33.5
-36.1
-43.5
-38.9
-2.7
-19.0
-33.5
-42.4
-42.1
-58.8
-17.6
-45.1
-31.0
-34.1
-49.0
-19.2
-19.4
-30.9
-24.0
-7.8
-43.4
-34.1
-12.4
-47.1
-38.1
-30.5
-45.3
-21.3
-12.6

Apr
-40.4
-43.1
-41.7
-36.8
-16.3
-28.2
-37.7
-49.8
-50.3
-59.2
-22.3
-54.4
-34.8
-41.0
-47.7
-33.1
-23.0
-33.5
-17.2
-4.9
-53.8
-38.4
-21.9
-52.3
-44.8
-41.7
-46.4
-23.2
-16.7

Ave .

Da te
04-20
04-20
09-22
04-20
03-22
04-25
03-09
09-22
04-20
02-12
04-20
04-20
04-20
06-12
12-12
06-22
01-09
04-20
04-20
04-20
04-20
07-22
04-20
04-20
06-10
04-20
04-20
10-22
09-22

Va lue
-56.1
-57.4
-49.2
-59.8
-57.9
-32.5
-54.7
-62.6
-61.8
-87.7
-49.6
-64.9
-58.7
-46.2
-71.2
-64.0
-57.3
-55.0
-71.1
-45.3
-66.2
-50.8
-70.3
-72.7
-67.1
-64.4
-65.4
-33.8
-46.6

EU
EA
BE
BG
CZ
DK
C o m po ne nt o f the
DE
c o ns um e r c o nfide nc e E E
indic a to r
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

08-13
08-13
04-20
01-21
01-01
10-22
10-22
11-20
04-20
12-12
09-12
09-10
03-11
08-13
04-13
03-00
11-09
02-14
04-09
04-19
10-22
07-22
09-01
04-20
12-10
06-12
08-01
12-22
10-22

-22.5
-23.8
-27.4
-48.8
-37.2
-26.5
-27.7
-65.6
-35.1
-82.3
-39.8
-8.5
-51.5
-58.9
-81.8
-58.5
-35.7
-34.2
-60.9
-49.0
-32.6
-36.1
-30.0
-51.6
-58.0
-50.5
-44.8
-30.3
-33.6

-14.7
-15.2
-15.5
-28.4
-14.6
-5.2
-12.5
-22.6
-10.9
-42.4
-16.2
-2.6
-28.7
-25.0
-22.9
-15.1
-3.2
-16.4
-29.0
-7.7
-19.8
-18.5
-0.6
-29.3
-37.4
-30.2
-24.7
-17.6
-8.7

02-00
02-00
05-21
06-25
09-21
01-06
02-19
09-06
12-00
08-03
11-00
07-19
02-20
02-00
03-03
06-06
03-08
03-19
01-18
05-22
06-21
11-00
11-21
07-01
09-02
03-00
05-15
12-17
10-06

-7.5
-7.4
-5.4
-2.6
0.3
4.4
-3.7
-2.1
6.8
4.8
-0.4
1.9
-9.6
-8.4
43.8
21.0
17.1
-1.4
-6.7
21.5
-5.3
-0.1
22.3
-11.5
-22.1
-13.5
-10.8
-8.0
-1.6

-12.9
-13.8
-16.3
-8.8
-3.7
-8.0
-14.0
-22.9
-13.9
-43.9
-7.6
-1.9
-21.4
-19.9
-17.5
-23.8
4.3
-12.0
-25.5
0.8
-17.0
-27.5
17.5
-28.8
-37.8
-32.1
-24.0
-22.8
-19.1

-14.0
-15.0
-16.7
-2.6
-7.1
-10.8
-14.9
-23.1
-7.0
-51.5
-7.6
-3.1
-16.1
-23.0
-14.1
-16.5
4.8
-32.9
-25.7
3.0
-15.8
-26.6
18.6
-30.4
-41.5
-33.9
-22.0
-23.5
-17.6

-13.2
-13.7
-12.5
-6.9
-6.4
-7.9
-13.3
-26.4
-9.4
-49.1
-7.1
-2.0
-16.8
-22.7
-19.6
-14.6
5.6
-16.2
-25.9
2.9
-17.5
-32.5
9.9
-29.2
-43.2
-35.2
-20.6
-19.7
-15.2

-12.7
-13.4
-16.0
-6.7
-7.5
-9.9
-14.2
-24.1
-7.6
-50.9
-6.9
-1.9
-18.3
-20.1
-15.1
-22.9
2.9
-18.1
-25.3
2.6
-15.7
-20.2
15.0
-29.8
-38.2
-32.3
-21.1
-20.3
-16.3

-11.8
-12.5
-8.7
-3.0
-5.1
-10.6
-11.4
-22.9
-10.0
-46.3
-7.5
-2.4
-19.0
-18.5
-17.9
-13.4
3.2
-15.5
-21.6
2.4
-16.3
-25.8
13.4
-32.0
-36.2
-28.1
-20.3
-20.4
-14.0

-12.5
-12.9
-15.6
-10.2
-11.3
-8.7
-12.9
-20.5
-10.0
-41.6
-6.4
-0.6
-12.6
-23.7
-23.5
-10.2
3.3
-22.3
-20.1
6.4
-18.4
-25.6
9.6
-24.9
-46.4
-29.5
-25.8
-20.4
-14.9

-13.1
-13.7
-13.4
-8.0
-7.5
-8.2
-14.4
-21.2
-9.3
-54.7
-7.6
-0.8
-15.8
-22.4
-21.5
-6.0
3.8
-1.5
-19.7
9.6
-15.2
-26.2
8.7
-27.3
-40.8
-30.7
-27.8
-20.1
-14.6

-13.0
-13.9
-15.5
-8.2
-5.9
-8.0
-14.4
-23.4
-7.1
-47.4
-6.8
-2.1
-12.0
-23.9
-15.1
-15.5
3.0
-16.2
-17.9
4.5
-13.9
-22.3
12.8
-27.1
-43.5
-29.9
-28.8
-21.4
-13.7

-12.1
-12.9
-16.3
-10.7
-9.3
-4.3
-12.6
-19.4
-11.4
-50.4
-6.8
-2.4
-15.1
-19.7
-17.5
-13.5
3.0
-16.0
-18.9
4.2
-15.5
-29.7
14.7
-24.3
-47.8
-28.4
-27.9
-21.4
-12.3

-12.6
-13.3
-18.3
-14.9
-7.5
-6.7
-14.3
-17.0
-6.6
-48.5
-6.4
-2.8
-13.5
-17.0
-19.9
-18.7
4.9
-12.3
-21.4
2.7
-15.0
-22.6
12.8
-30.3
-45.7
-31.0
-26.9
-22.4
-13.2

-13.5
-14.3
-17.3
-9.0
-6.1
-3.3
-15.1
-23.4
-14.8
-48.7
-7.5
-2.9
-15.3
-18.5
-25.6
-18.2
4.6
-18.9
-23.6
9.6
-15.1
-23.9
10.1
-30.9
-45.8
-32.2
-26.6
-21.3
-11.0

-15.6
-16.9
-19.0
-8.5
-5.5
-9.5
-20.0
-18.0
-13.9
-49.8
-8.4
-3.4
-17.4
-22.6
-29.3
-18.1
8.6
-16.7
-17.5
5.2
-19.5
-30.7
14.1
-28.8
-43.7
-33.7
-28.1
-22.1
-14.5

GENER AL
EC ONOM IC
S ITUATION
OVER LAS T
12 M ONTHS
(Que s tio n 3)

03-09
-65.6
03-09
-67.5
08-20
-77.1
03-21 -64.8
10-22
-71.2
10-22
-62.5
06-09
-74.0
09-22
-73.9
03-09 -102.5
01-12
-95.8
02-21 -83.5
03-09
-73.4
03-11 -79.4
01-21 -75.2
05-13
-89.1
06-09
-89.3
11-09
-70.7
04-09
-54.8
04-09
-79.1
03-10
-55.0
09-22
-76.2
02-21
-71.9
11-22
-57.0
10-12
-76.2
01-23
-65.0
02-11 -77.5
09-22
-66.1
04-09
-66.5
03-23
-71.0

-31.6
-33.4
-27.5
-40.9
-23.2
-4.9
-27.0
-15.9
-26.6
-51.8
-32.1
-42.1
-43.6
-40.7
-33.0
-25.8
-15.9
-24.8
-33.3
-13.1
-21.2
-22.9
-19.8
-40.3
-24.6
-35.4
-32.7
-16.8
-17.1

01-18
01-18
12-00
08-01
05-18
01-06
07-11
01-07
01-16
04-20
03-00
01-01
04-20
04-18
02-18
12-03
06-07
01-18
05-02
01-18
04-18
04-18
07-19
10-17
01-05
01-18
04-07
02-18
03-11

0.8
0.0
22.3
-5.1
17.8
26.6
10.1
36.1
35.3
13.5
14.5
-2.4
-8.5
-7.0
25.7
6.9
19.7
12.4
4.2
39.3
32.6
23.5
15.8
21.2
8.4
14.2
12.6
25.5
18.3

-39.6
-40.5
-44.2
-43.9
-33.8
-31.6
-38.6
-63.8
-41.2
-47.3
-24.2
-53.9
-47.2
-34.1
-35.0
-49.9
-9.1
-27.4
-52.0
-10.0
-44.7
-49.5
-15.1
-35.6
-52.3
-39.4
-47.8
-38.6
-39.2

-38.3
-39.6
-37.3
-43.7
-30.6
-24.0
-38.8
-65.0
-40.9
-47.7
-22.5
-55.1
-39.2
-31.9
-34.8
-39.1
-10.3
-28.5
-58.5
-10.3
-42.9
-48.5
-10.2
-35.6
-52.4
-43.1
-49.0
-38.2
-33.5

-38.2
-39.2
-39.6
-44.8
-29.8
-24.1
-35.3
-69.6
-47.2
-51.4
-27.7
-54.7
-40.7
-32.4
-42.7
-44.0
-11.5
-30.7
-56.6
-8.0
-41.3
-43.1
-18.8
-34.1
-57.1
-45.3
-48.1
-32.3
-27.6

-39.0
-40.5
-39.1
-44.4
-34.8
-28.5
-36.9
-71.0
-44.5
-55.0
-24.1
-57.3
-42.4
-35.0
-33.5
-45.6
-10.4
-29.5
-52.9
-7.1
-42.7
-41.4
-11.6
-35.7
-61.2
-45.4
-49.4
-38.0
-29.3

-40.0
-41.7
-33.1
-42.0
-31.2
-29.2
-38.2
-67.4
-49.3
-54.0
-25.3
-61.0
-40.0
-33.2
-30.8
-44.0
-8.4
-31.6
-47.8
-4.6
-42.2
-48.9
-14.3
-37.2
-60.7
-45.8
-50.7
-33.9
-29.0

-39.4
-40.8
-39.6
-42.9
-25.6
-31.3
-39.3
-62.1
-49.1
-58.9
-18.7
-61.4
-38.5
-30.8
-31.6
-35.3
-6.1
-25.9
-51.1
-2.7
-36.5
-46.8
-20.8
-34.4
-62.7
-40.3
-52.6
-40.1
-24.4

-38.9
-40.9
-38.2
-42.5
-17.4
-32.6
-40.2
-57.0
-49.0
-58.8
-22.6
-61.3
-35.8
-30.7
-29.9
-39.5
-6.9
-33.7
-54.9
4.5
-33.3
-50.0
-12.8
-34.7
-64.2
-36.6
-52.1
-37.2
-17.1

-37.8
-39.8
-42.6
-50.3
-17.5
-26.3
-38.7
-55.3
-47.2
-55.6
-23.1
-57.7
-34.7
-31.6
-23.7
-37.2
-10.4
-37.1
-49.5
1.3
-32.6
-45.4
-13.1
-31.8
-62.4
-39.6
-51.7
-41.5
-21.1

-37.0
-39.2
-37.7
-42.3
-12.1
-25.0
-37.0
-54.7
-43.5
-57.2
-22.0
-55.2
-30.7
-34.6
-24.4
-34.5
-8.3
-25.3
-51.6
5.3
-35.2
-43.2
-8.3
-31.4
-64.4
-43.6
-53.7
-41.8
-16.0

-35.6
-37.8
-41.8
-46.6
-7.9
-20.1
-34.9
-50.9
-47.3
-57.8
-24.5
-53.9
-32.9
-30.8
-25.0
-37.5
-9.9
-27.5
-51.9
0.1
-33.5
-34.6
-10.8
-36.8
-61.2
-39.0
-52.7
-44.5
-13.4

-37.8
-40.3
-42.2
-51.5
-8.7
-22.2
-40.6
-54.7
-46.4
-57.1
-22.5
-52.9
-35.5
-34.8
-27.4
-34.9
-17.4
-29.8
-51.4
0.5
-41.8
-37.1
-8.4
-41.7
-62.9
-35.6
-54.6
-44.0
-16.0

-46.0
-48.5
-57.4
-53.4
-16.7
-31.8
-47.4
-61.9
-61.0
-58.3
-29.0
-63.1
-48.1
-38.3
-41.0
-38.5
-24.2
-33.7
-50.6
-3.9
-49.7
-42.4
-17.2
-59.3
-64.4
-43.3
-54.4
-47.8
-25.7

GENER AL
EC ONOM IC
S ITUATION
OVER NEXT
12 M ONTHS
(Que s tio n 4)

EU
EA
BE
BG
CZ
DK
DE
EE
C o m po ne nt o f the
IE
c o ns um e r c o nfide nc e E L
indic a to r
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE
M AJ OR
P UR C HAS ES
OVER NEXT
12 M ONTHS
(Que s tio n 9)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

18

T ABLE 4 (continued) : Monthly survey of consumers (s.a.)

(a)

S inc e 2000 (*)
M in.

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

-16.0
-16.9
-0.6
-35.4
0.1
-10.7
-10.0
4.8
-2.4
-48.8
-5.5
-18.4
-30.1
-35.5
-27.1
-16.0
10.7
-8.1
-35.0
9.9
-13.5
2.3
-2.9
-61.9
-40.7
-24.3
-9.5
12.3
4.6

Da te Va lue
12-17
2.2
12-17
2.1
01-00
29.0
10-06
-14.2
11-02
34.2
11-00
3.8
11-06
20.5
08-01
58.3
04-00
24.1
01-01
-7.9
07-00
49.3
07-00
14.4
02-20
-7.8
06-21
-2.8
06-01
28.0
12-06
24.2
02-06
51.1
11-14
22.5
03-06
-6.4
07-17
51.6
12-00
37.5
01-00
25.5
07-19
17.0
02-00
-27.8
06-01
26.0
06-06
17.2
05-08
11.3
12-09
43.8
08-05
39.3

May
-24.7
-25.4
-16.1
-23.4
-14.6
-13.9
-21.3
-34.6
-13.2
-53.6
-14.4
-27.4
-31.9
-33.2
-31.5
-29.9
6.9
-14.4
-28.7
3.3
-33.9
-22.4
-2.5
-57.7
-58.0
-26.9
-19.6
-11.1
-24.1

J un
-24.8
-25.8
-17.8
-21.5
-12.7
-14.9
-20.7
-35.7
-7.4
-51.1
-14.4
-26.6
-27.7
-34.6
-29.3
-14.8
10.9
-24.1
-28.9
-2.8
-33.7
-23.8
1.9
-57.2
-57.4
-26.1
-18.0
-16.1
-23.6

J ul
-24.6
-25.6
-15.6
-16.7
-7.3
-16.9
-22.6
-42.8
-7.7
-55.5
-16.1
-25.4
-30.1
-32.7
-27.3
-12.8
6.6
-15.5
-29.6
8.6
-31.4
-23.4
0.0
-56.3
-59.9
-29.9
-21.2
-13.1
-20.1

Aug
-24.8
-25.9
-14.3
-19.0
-12.4
-16.6
-24.1
-43.6
-10.0
-50.6
-16.8
-26.5
-28.9
-31.8
-23.1
-20.0
8.5
-19.5
-30.9
5.7
-33.9
-22.4
2.5
-58.8
-60.7
-25.7
-19.4
-15.2
-17.8

Sep
-24.5
-25.4
-17.1
-18.0
-8.3
-16.4
-22.6
-40.8
-6.6
-53.3
-13.9
-30.5
-26.9
-29.0
-22.9
-10.3
8.2
-22.4
-25.5
1.6
-32.5
-24.6
-0.6
-53.4
-61.4
-29.5
-19.6
-11.2
-22.0

Oc t
-23.8
-24.7
-19.0
-22.3
-9.3
-17.5
-23.3
-35.4
-9.0
-53.2
-10.8
-29.8
-22.0
-26.8
-29.6
-9.8
11.4
-4.1
-24.6
9.6
-28.4
-27.3
-0.2
-51.6
-64.0
-25.2
-20.2
-15.7
-19.0

No v
-23.0
-23.9
-19.8
-21.2
-7.0
-18.6
-20.4
-36.4
-11.6
-58.9
-13.4
-29.9
-20.5
-28.1
-28.7
-8.6
16.1
-10.2
-27.8
19.0
-27.3
-23.4
-2.7
-49.6
-62.3
-26.2
-19.0
-10.4
-16.9

De c
-21.5
-22.4
-20.0
-23.8
-8.6
-15.2
-21.8
-33.8
-5.0
-50.4
-11.1
-27.8
-20.9
-23.9
-21.3
-8.8
10.7
-20.8
-28.1
13.5
-27.5
-18.7
2.6
-51.8
-62.5
-24.2
-17.3
-14.9
-16.6

J an
-23.9
-24.7
-19.5
-29.2
-2.8
-17.8
-21.8
-35.0
-8.9
-56.3
-14.7
-29.4
-22.5
-28.7
-18.5
-8.9
9.9
-9.0
-25.4
18.7
-32.1
-23.1
-0.4
-49.9
-64.0
-21.1
-21.3
-18.1
-19.1

Feb
-23.9
-24.9
-27.9
-27.5
-7.0
-19.1
-23.6
-32.1
-8.5
-57.6
-12.0
-28.6
-19.1
-24.9
-25.3
-10.1
6.7
-15.1
-25.9
9.5
-29.0
-22.7
-1.5
-60.5
-63.1
-25.2
-19.2
-21.6
-15.5

Mar
-26.2
-27.5
-23.7
-26.9
-1.6
-16.8
-27.3
-30.4
-19.1
-57.0
-14.1
-28.6
-15.1
-31.2
-36.6
-15.3
8.7
-26.5
-26.2
14.1
-34.5
-25.7
-3.3
-57.5
-68.1
-22.1
-19.5
-15.8
-14.9

Apr
-32.2
-34.2
-42.4
-30.8
-6.2
-15.1
-31.6
-38.0
-24.1
-60.2
-21.0
-35.9
-23.3
-37.2
-42.5
-17.6
6.4
-32.5
-29.1
7.3
-43.4
-33.2
-5.1
-66.6
-66.9
-28.5
-17.6
-20.9
-19.7

Ave .

M AJ OR
P UR C HAS ES
AT P R ES ENT
(Que s tio n 8)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te Va lue
04-20
-43.8
04-20
-44.9
04-26
-42.4
06-02
-67.4
12-22
-42.1
10-22
-48.7
09-22
-41.2
04-21 -47.7
04-20
-53.9
07-12
-73.7
04-20
-37.4
04-20
-60.1
04-20
-57.1
06-13
-59.6
04-13
-70.4
04-20
-59.0
04-20
-40.5
02-23
-58.0
10-12
-67.8
04-20
-60.4
09-22
-62.5
06-23
-42.1
04-20
-32.7
12-08
-88.4
04-20
-74.3
08-12
-58.5
04-20
-38.4
11-22
-30.7
05-23
-47.6

S AVINGS
OVER NEXT
12 M ONTHS
(Que s tio n 11)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

10-08
06-08
10-22
02-02
01-13
11-22
12-02
03-00
04-13
04-17
02-09
10-03
10-12
05-04
06-13
10-09
05-01
10-16
06-09
04-11
05-13
11-00
08-03
12-22
06-10
09-12
08-01
09-00
03-03

-13.5
-14.5
-10.8
-81.5
-17.9
14.4
-4.8
-61.3
-44.9
-87.1
-30.5
-24.1
-64.3
-42.2
-66.6
-66.0
-56.4
31.4
-77.5
-65.9
1.7
-20.4
-57.5
-43.2
-47.0
-45.6
-78.8
21.8
22.9

-2.7
-3.2
7.4
-55.4
3.5
28.7
9.3
-23.1
13.8
-60.2
-7.1
-8.3
-43.9
-18.6
-42.8
-34.8
-26.5
44.9
-47.7
-22.1
14.0
24.4
-30.5
-27.6
-26.5
-26.0
-26.1
43.6
42.7

10-25
10-25
02-00
05-20
01-19
09-19
07-25
11-21
02-21
01-00
01-00
10-25
01-20
02-25
06-01
06-21
12-24
01-21
01-00
02-18
06-21
03-02
07-25
02-00
04-20
06-21
05-24
04-19
10-15

10.3
10.7
27.2
-13.1
24.7
44.2
26.3
14.9
50.1
-23.1
13.9
11.7
-18.3
-0.4
-1.2
3.1
11.3
62.6
-10.6
25.0
30.8
58.9
2.9
-6.3
-0.5
-6.9
-9.3
54.5
61.8

8.0
8.4
19.0
-33.2
3.8
24.5
20.4
-18.1
17.4
-65.0
10.5
5.5
-31.1
-4.4
-28.0
-29.2
6.6
54.8
-28.5
13.7
19.5
22.3
-2.8
-21.0
-25.3
-19.4
-16.8
39.3
35.3

8.2
8.6
18.9
-38.2
9.4
23.4
22.5
-19.5
22.5
-67.7
8.7
6.8
-29.8
-6.6
-34.7
-4.2
3.3
48.6
-25.7
12.1
19.2
20.5
-3.4
-17.2
-26.4
-14.9
-16.3
34.4
36.6

9.7
10.1
18.9
-33.3
11.0
23.4
26.3
-20.0
17.1
-67.1
6.8
8.9
-34.8
-4.4
-40.8
-1.8
7.1
47.1
-27.6
16.4
22.4
18.8
2.9
-17.8
-28.7
-17.7
-18.0
38.0
38.4

8.1
8.5
21.2
-30.2
8.5
21.9
23.1
-24.5
21.4
-65.0
7.2
6.1
-23.4
-5.9
-29.4
-6.8
7.4
56.9
-28.3
13.0
22.2
15.6
-1.3
-20.6
-26.5
-15.6
-16.5
38.1
35.1

7.9
8.5
22.6
-32.3
11.3
20.0
20.9
-21.4
22.9
-65.9
9.5
10.3
-24.9
-7.3
-28.1
-2.5
5.6
44.9
-30.9
9.7
19.3
16.6
-5.0
-16.3
-26.4
-18.7
-16.7
34.8
38.6

10.3
10.7
22.9
-33.9
8.4
24.2
22.2
-19.6
18.5
-67.5
11.7
11.7
-26.9
-4.2
-34.2
-2.5
8.6
39.3
-24.9
7.6
19.8
14.2
-3.0
-10.3
-18.8
-18.2
-14.9
39.7
40.4

9.3
9.7
25.6
-34.0
16.3
25.8
24.2
-16.6
17.0
-70.8
8.7
10.3
-30.0
-9.5
-32.6
-1.5
7.4
57.6
-26.2
11.1
21.3
18.6
-5.5
-8.9
-23.9
-21.2
-17.9
39.3
39.5

8.6
9.0
19.7
-35.8
9.7
22.4
21.5
-16.5
22.6
-68.3
12.1
8.1
-22.5
-8.1
-31.6
1.8
6.6
46.0
-26.0
13.0
23.0
14.7
-0.5
-9.9
-26.9
-19.9
-15.7
38.5
34.8

9.6
9.7
25.6
-39.3
15.9
27.9
25.4
-12.5
20.8
-68.7
10.5
8.5
-25.6
-7.6
-35.1
-1.1
6.0
53.4
-23.0
19.3
19.8
13.4
0.1
-9.6
-24.7
-16.0
-21.6
39.6
40.9

10.0
10.1
21.6
-39.1
15.7
25.7
24.6
-14.9
19.1
-68.9
8.7
11.2
-21.1
-6.3
-35.5
1.2
9.3
53.4
-19.7
14.2
23.5
13.8
2.6
-11.9
-27.7
-15.8
-15.5
34.8
39.5

8.8
9.2
22.2
-42.3
17.2
21.6
25.9
-13.7
16.8
-67.7
7.4
9.8
-25.9
-8.7
-36.1
2.1
5.1
51.7
-22.9
15.4
18.4
13.1
-2.9
-16.4
-29.1
-12.3
-16.3
30.1
38.1

8.1
8.3
17.9
-38.4
6.6
28.1
23.0
-20.2
15.5
-74.9
9.1
7.9
-31.0
-7.6
-43.5
0.9
5.8
54.4
-17.6
10.7
19.8
12.2
-1.5
-23.1
-30.3
-22.8
-14.4
37.2
38.2

UNEM P LOYM ENT
OVER NEXT
12 M ONTHS
(Que s tio n 7)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

01-18
03-18
12-00
07-01
03-17
01-06
06-07
09-06
04-00
11-19
12-15
12-00
08-24
11-15
11-17
09-06
06-07
05-17
04-19
05-18
03-18
11-00
07-07
06-17
01-07
04-18
04-07
02-00
08-00

-0.2
0.2
-20.1
-1.6
-4.8
-18.5
-2.9
-20.5
-29.5
-10.4
-15.5
-13.5
-7.8
-3.3
-17.0
-10.4
-33.1
-7.7
-4.8
-32.9
-32.7
-11.7
-20.2
-20.0
19.3
-12.9
-15.4
-17.4
-24.8

23.3
23.8
23.5
26.2
22.1
4.6
25.9
19.4
15.5
45.3
16.2
26.8
21.3
23.0
30.1
16.0
13.2
28.8
29.1
5.4
14.6
22.7
20.3
33.6
44.3
24.2
17.8
15.8
13.5

03-09
03-09
08-20
04-20
01-09
02-09
05-09
04-20
03-09
12-11
04-20
03-09
01-10
06-12
04-13
02-09
02-09
04-09
02-09
04-20
03-09
04-09
04-20
02-09
02-10
01-09
02-09
02-09
04-09

67.0
68.2
77.1
74.0
62.6
49.7
78.4
73.3
80.9
92.9
73.3
73.5
61.1
61.5
87.6
80.1
82.1
73.9
82.0
56.0
78.1
67.9
76.9
85.6
86.8
73.4
73.1
57.6
67.2

27.5
27.3
11.9
18.0
28.1
20.2
32.5
45.4
23.9
9.8
20.5
40.7
-3.4
15.2
5.9
17.5
18.2
27.1
31.5
1.5
13.7
42.2
23.8
19.3
42.8
19.6
21.8
32.1
26.5

26.5
26.0
4.9
16.7
26.5
15.8
32.3
44.1
21.1
11.7
22.8
35.2
-4.4
15.2
8.5
11.4
16.1
29.0
37.6
1.7
11.1
42.3
21.6
20.2
48.3
24.1
19.9
30.8
23.6

26.2
25.8
6.5
19.4
24.5
13.7
32.8
44.0
24.4
14.4
19.4
32.6
-2.4
14.4
8.6
15.0
16.5
31.9
39.3
2.9
10.7
40.9
21.4
18.8
52.4
25.5
23.9
31.7
20.4

25.3
24.9
0.8
21.1
22.6
14.5
33.4
44.1
25.4
18.7
14.5
32.5
-2.4
15.3
8.5
17.4
13.6
23.7
37.5
3.1
14.2
37.2
23.6
22.7
50.6
20.7
24.8
29.9
19.6

25.8
25.7
2.0
19.1
20.9
15.4
33.9
42.7
24.6
17.2
15.0
32.5
-0.2
15.7
6.8
13.2
16.7
35.7
32.1
4.9
15.6
40.4
21.3
27.1
56.7
22.6
24.0
26.5
19.8

23.5
23.1
-5.9
21.3
11.6
14.0
33.6
41.4
20.0
25.6
12.3
27.6
-0.4
13.0
10.0
14.4
18.8
32.9
29.8
2.6
11.9
42.8
30.9
23.0
54.3
20.8
28.9
26.7
17.0

23.6
23.5
-9.6
24.6
15.9
15.3
32.8
41.5
21.9
20.4
14.3
31.9
-1.1
15.6
9.8
13.6
17.8
28.0
31.8
0.9
13.0
44.9
27.8
23.4
58.5
20.5
29.6
24.1
14.9

23.0
23.0
-9.2
26.8
18.2
12.2
33.0
40.0
23.5
21.5
17.2
29.1
-0.5
15.4
12.7
13.9
19.3
29.1
25.2
-1.4
19.3
40.1
27.0
19.7
54.2
21.0
28.8
23.9
14.3

23.1
23.3
-18.9
21.7
17.6
14.6
33.7
38.2
20.5
18.2
17.5
29.8
-0.5
16.2
10.8
13.1
19.8
33.1
23.2
0.2
19.9
37.5
25.1
18.3
54.8
22.8
32.1
25.7
9.5

23.7
23.9
-10.1
21.6
16.4
11.7
35.0
40.2
20.8
18.8
17.3
32.6
-0.4
17.2
12.3
14.5
18.7
33.5
23.2
1.3
20.7
34.7
26.1
19.8
55.8
25.4
34.1
25.6
10.0

26.9
27.1
-2.6
25.4
19.8
17.1
37.1
40.1
22.6
20.5
21.0
30.7
-0.8
19.9
20.4
13.3
20.1
32.1
21.0
2.2
23.0
41.0
29.2
24.8
58.8
23.1
37.6
28.6
13.3

30.7
30.8
5.8
25.1
23.3
20.8
39.4
45.0
31.1
19.3
24.0
37.4
0.8
21.6
22.4
19.3
24.8
44.8
23.7
4.6
24.2
43.5
30.0
31.4
64.8
25.5
36.5
30.2
22.0

19

T ABLE 4 (continued) : Monthly survey of consumers (s.a.)

(a)

S inc e 2000 (*)
M in.

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

21.6
21.1
17.3
31.1
29.4
10.4
32.8
34.2
25.6
20.6
19.9
18.8
22.8
1.3
15.2
27.3
41.8
18.7
43.9
23.4
22.4
28.2
28.5
24.6
25.0
41.4
35.5
28.4
23.1

Da te Va lue
03-22
63.9
03-22
64.4
03-22
57.2
08-07
56.1
03-22
69.5
03-22
57.6
11-06
66.7
04-04
84.9
03-22
64.3
05-08
57.7
03-22
74.4
03-22
66.4
03-22
52.1
03-22
51.0
09-02
68.7
03-04
73.6
05-04
71.7
03-22
73.8
07-06
73.8
03-11
64.3
01-19
70.3
03-22
67.3
04-20
66.2
03-22
80.5
07-25
66.3
03-22
78.5
11-02
81.8
03-22
68.6
03-22
64.1

May
25.3
24.3
17.2
22.3
25.4
40.8
31.3
49.9
36.9
33.4
21.7
14.1
17.4
13.0
31.6
39.1
41.2
29.2
37.4
28.5
38.1
24.1
32.7
33.7
44.6
50.0
26.3
24.7
19.0

J un
23.8
22.4
28.2
29.4
22.6
36.7
26.0
53.2
32.4
34.5
22.5
11.5
17.1
10.6
28.7
28.3
42.2
20.6
40.7
28.9
41.4
24.3
32.4
31.9
49.4
47.4
24.0
24.6
15.6

J ul
26.7
25.8
28.9
26.0
25.7
36.1
29.8
55.2
35.0
36.4
23.0
20.3
19.4
12.7
34.8
27.0
41.5
18.2
35.6
32.8
42.3
22.7
28.8
37.4
66.3
54.8
22.0
25.9
12.1

Aug
27.6
26.8
27.1
30.3
26.5
35.4
31.9
47.0
33.1
36.9
25.5
24.0
17.4
14.1
24.3
36.0
41.5
28.3
40.7
31.0
37.1
32.8
33.7
42.7
57.5
45.1
25.3
22.8
13.3

Sep
25.6
25.0
25.2
27.2
23.6
29.6
33.4
40.6
31.4
34.7
24.6
21.1
19.6
6.9
18.9
35.0
40.1
26.1
36.4
30.6
43.7
30.9
33.7
41.7
47.9
50.7
25.9
23.7
11.1

Oc t
23.8
23.3
26.0
26.6
9.6
29.6
33.0
38.3
35.0
36.0
26.3
19.6
23.2
4.6
31.2
31.5
43.4
25.4
35.6
32.8
37.2
28.4
35.7
36.6
41.4
50.5
35.2
23.0
10.5

No v
24.6
24.6
27.3
29.5
8.6
30.8
33.3
32.2
30.2
30.2
26.4
20.9
23.9
8.1
21.9
28.9
45.4
24.6
34.4
41.0
36.0
31.3
28.8
33.9
41.5
49.5
34.0
23.6
11.1

De c
27.1
27.0
38.6
32.1
16.7
26.2
35.1
32.7
30.3
29.9
29.5
23.5
26.0
9.4
28.9
34.6
47.2
28.2
32.8
35.7
40.1
29.8
34.7
37.6
39.8
49.1
31.9
23.4
12.8

J an
24.5
24.6
32.5
29.1
7.3
18.1
29.7
32.0
26.1
38.6
28.2
23.0
23.9
6.7
25.2
32.0
46.6
19.3
34.0
41.8
41.7
20.8
32.8
38.2
38.3
50.0
32.7
21.1
7.4

Feb
25.7
26.3
31.3
25.5
9.4
11.9
31.1
31.7
28.6
40.8
28.8
20.0
28.3
8.2
27.7
27.7
47.5
24.2
29.9
34.0
42.2
14.7
29.4
46.7
36.2
51.7
32.2
29.0
10.8

Mar
41.8
43.5
53.5
31.9
16.2
23.5
49.2
43.7
57.7
53.2
33.9
40.3
31.7
27.8
67.0
29.6
55.4
54.0
27.5
48.3
55.5
41.4
39.4
71.0
44.8
63.1
37.3
32.4
22.7

Apr
47.3
49.1
49.6
26.7
29.6
43.8
50.5
52.6
59.7
54.5
35.0
51.0
34.6
41.2
65.7
54.7
56.9
51.1
28.3
45.9
67.5
43.0
39.3
68.1
47.8
70.6
38.1
40.1
27.5

Ave .

P R IC E TR ENDS
OVER NEXT
12 M ONTHS
(Que s tio n 6)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te Va lue
08-09
-4.4
08-09
-6.7
01-09
-15.3
07-01
-6.6
02-09
-6.1
02-09
-41.6
08-09
-0.1
03-09
-32.8
02-09
-9.1
08-19
-23.6
05-09
-13.8
05-09
-8.7
02-16
-4.8
07-09
-25.4
04-13
-47.3
05-09
-44.3
06-09
-5.4
07-09
-19.2
05-16
13.2
01-21
-11.9
11-03
-18.5
09-02
4.1
07-15
-4.5
05-09
-6.9
06-15
-37.4
05-09
8.9
01-16
-16.9
04-09
-6.9
06-23
-17.6

P R IC E TR ENDS
OVER LAS T
12 M ONTHS
(Que s tio n 5)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

03-16
02-15
02-15
06-01
12-09
11-04
10-09
11-09
12-09
04-20
01-10
05-00
02-16
12-16
02-15
06-09
10-03
11-09
05-16
06-04
09-16
01-00
01-16
01-10
01-16
11-15
03-16
03-16
03-05

-3.3
-1.2
12.0
-0.3
-33.7
-33.8
-17.1
-29.2
-30.0
-12.7
-19.9
-4.1
4.3
-17.3
-32.0
-29.3
-16.9
-5.7
-8.6
-0.7
0.5
-13.7
-15.2
-13.4
-52.4
-2.1
-22.5
-27.8
-39.4

32.9
35.4
49.8
51.1
6.3
0.7
33.3
44.6
35.9
43.9
40.1
38.4
50.5
26.9
27.6
33.5
42.1
33.9
32.1
41.4
44.3
35.4
27.7
33.1
32.9
39.7
26.8
13.6
-5.0

12-22
03-23
01-23
03-23
03-23
09-22
06-02
12-22
04-23
02-24
07-22
04-23
10-22
01-23
01-23
04-08
09-22
02-23
01-23
11-22
03-23
03-23
11-22
10-22
11-22
06-23
02-23
03-23
03-23

78.5
79.8
86.8
87.4
62.2
72.3
77.2
91.7
80.4
90.6
88.1
87.9
89.0
73.5
88.0
80.1
79.1
83.2
77.2
84.6
92.9
84.0
67.9
86.8
101.6
87.0
73.8
74.3
76.1

49.1
49.9
59.2
66.7
31.0
43.9
47.0
76.6
64.4
73.5
49.5
40.8
79.2
48.0
75.3
53.1
52.1
53.0
33.5
41.5
77.8
52.0
32.6
46.7
60.7
68.2
39.9
43.5
58.6

48.4
49.1
60.7
64.9
30.5
45.9
46.1
77.5
65.5
70.1
50.8
38.0
76.2
48.4
70.9
50.4
52.8
47.8
43.8
48.7
74.9
53.6
31.1
44.9
59.4
66.2
39.9
41.6
53.7

48.1
49.2
61.1
65.4
27.8
50.5
46.2
80.2
68.1
74.2
52.1
41.2
75.2
41.3
67.7
50.4
52.7
44.7
40.1
53.3
77.7
54.2
30.7
50.9
54.4
66.0
38.3
38.0
48.5

46.4
47.3
57.5
68.7
26.1
50.9
45.0
81.5
67.1
76.8
49.9
37.4
71.5
38.7
58.0
50.7
51.6
51.3
38.0
46.2
76.1
55.8
32.4
53.1
54.0
67.2
40.7
36.4
47.1

47.0
47.6
55.6
69.7
26.0
57.0
47.9
82.5
65.2
76.9
52.7
35.9
74.8
36.6
60.4
48.1
48.6
45.9
34.4
48.1
75.9
64.7
31.1
50.6
62.3
71.3
41.7
31.6
46.7

47.2
48.0
55.8
65.7
24.1
56.1
46.4
77.5
69.4
81.5
49.9
39.7
77.4
40.3
65.1
45.2
48.1
42.3
38.5
51.4
71.1
60.2
29.5
53.6
64.6
69.6
44.5
29.9
44.1

47.0
48.0
56.2
68.4
21.3
54.7
47.2
73.9
66.1
76.6
53.8
37.2
76.2
38.5
56.1
48.2
48.3
40.7
40.5
52.1
70.5
64.8
28.4
52.0
65.6
69.6
41.2
29.2
41.4

47.9
49.1
57.9
71.3
22.7
50.4
47.7
71.6
68.4
76.4
55.5
43.5
77.6
37.6
57.7
48.2
48.6
49.3
36.2
47.9
68.1
60.0
29.9
50.6
64.7
68.8
39.0
30.3
44.4

45.4
46.9
57.4
65.3
15.8
46.8
41.5
72.7
65.0
79.6
53.6
41.6
74.2
38.1
59.3
40.7
49.6
39.0
35.0
51.1
71.8
54.4
23.3
49.2
66.0
70.1
42.9
26.1
41.5

44.0
45.8
60.6
66.2
10.3
35.8
43.7
68.4
68.2
78.5
53.7
37.8
71.8
33.1
57.3
46.1
48.3
45.5
37.1
46.0
66.4
50.4
22.6
51.3
66.5
67.9
41.7
31.3
37.7

45.2
47.5
50.5
71.0
7.1
31.1
47.2
68.2
65.4
79.6
53.4
38.9
70.4
38.3
56.8
38.3
49.7
36.1
30.0
44.6
69.1
52.4
21.0
50.9
69.1
67.9
42.6
32.7
34.1

53.4
56.5
61.5
74.3
13.9
37.0
56.2
71.3
67.1
81.5
57.2
57.8
75.4
43.0
68.0
41.1
54.0
38.1
30.1
43.8
71.6
56.7
26.1
66.2
68.3
68.4
44.2
39.1
35.4

UNC ER TAINTY (n )
(Que s tio n 21)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

10-19
02-20
05-21
06-21
01-21
08-21
06-19
08-21
07-21
01-22
01-26
05-21
05-19
05-21
12-25
10-25
01-25
05-24
02-22
02-21
06-21
03-21
03-20
02-25
06-24
10-21
06-24
09-21
05-21

-23.8
-17.4
-41.1
0.6
-34.5
-28.8
-17.3
-9.5
-41.2
-14.1
-11.4
-33.4
-21.9
-7.2
-17.6
-14.4
-6.9
-60.5
1.0
-15.8
-18.2
-45.1
-8.4
-26.5
-17.1
-3.1
3.2
-41.7
-45.8

-9.2
-7.8
-18.0
12.9
-7.0
-12.9
-4.5
12.3
-22.7
13.7
2.3
-18.8
-9.7
5.7
1.6
3.6
3.2
-41.8
17.3
7.3
-1.6
-28.0
8.3
-14.9
-8.2
6.0
12.1
-26.9
-28.8

10-22
10-22
10-22
09-22
11-22
11-22
10-22
05-21
09-22
09-24
04-22
10-22
09-22
10-22
06-22
09-21
10-22
04-26
11-22
08-22
10-22
12-22
03-23
10-22
04-26
03-23
12-22
12-22
09-22

7.6
8.0
3.6
22.5
10.6
1.3
11.6
28.9
-8.1
28.8
20.7
-9.3
2.8
23.8
16.4
23.1
15.1
-21.3
31.1
26.8
16.2
-10.4
21.0
0.7
4.3
19.1
25.2
-14.4
-13.8

-7.9
-8.1
-16.4
13.4
-3.2
-9.0
-6.6
14.7
-16.9
14.5
-7.0
-15.6
-7.0
-0.6
-5.4
17.7
1.1
-46.9
13.4
0.2
1.5
-27.6
0.2
-20.4
-11.8
-2.8
9.7
-22.8
-22.2

-8.5
-9.3
-25.4
17.4
-5.9
-4.7
-8.1
16.0
-22.5
16.3
-5.5
-20.5
-7.5
2.5
-6.8
-4.8
3.2
-59.3
18.5
4.0
0.7
-27.1
8.5
-20.4
-6.0
-1.3
9.7
-24.7
-25.4

-9.4
-10.0
-24.7
10.7
-9.3
-7.6
-9.1
15.3
-20.7
17.8
-8.0
-20.5
-9.8
1.9
-3.7
-4.0
2.1
-54.0
21.7
-0.7
-2.9
-23.1
3.2
-23.5
-0.5
4.6
8.4
-21.7
-28.0

-8.2
-8.8
-26.1
12.8
-7.3
-9.3
-5.2
16.8
-22.4
23.5
-8.5
-19.2
-18.5
1.7
-5.9
5.8
-1.3
-38.4
17.1
2.3
-3.1
-25.7
5.9
-21.9
3.4
-2.2
5.2
-21.8
-27.1

-8.1
-8.9
-18.8
8.0
-3.6
-6.2
-7.8
17.8
-24.6
15.0
-10.1
-17.3
-14.0
3.3
-13.1
-11.2
-3.1
-40.7
19.3
2.8
-1.5
-22.8
4.3
-21.0
3.0
1.1
7.6
-24.0
-23.8

-8.4
-9.0
-24.3
11.5
-2.5
-7.8
-7.7
16.6
-20.7
22.2
-9.0
-17.7
-13.4
1.3
-7.6
-14.4
-1.8
-42.9
18.7
1.4
-2.2
-21.0
5.7
-21.1
-9.8
2.1
7.3
-20.0
-24.1

-6.9
-7.2
-22.8
10.7
-11.6
-9.6
-5.6
14.8
-21.9
16.5
-9.0
-13.7
-5.9
6.4
-12.5
-12.6
-3.9
-49.5
22.7
6.9
-4.7
-26.5
5.0
-23.7
2.8
3.8
9.7
-19.7
-26.6

-6.9
-7.1
-15.1
10.8
-8.0
-5.8
-4.6
11.9
-24.1
13.1
-9.3
-14.3
-16.1
4.9
-17.6
-14.3
-1.6
-32.4
16.2
2.9
-2.9
-24.1
2.6
-24.3
-3.9
4.9
9.3
-22.1
-26.6

-9.5
-9.7
-25.7
12.1
-16.0
-12.6
-6.0
12.2
-20.2
19.8
-11.4
-19.2
-15.9
-0.6
-13.7
-6.6
-1.5
-49.6
13.2
-0.2
-3.9
-23.9
0.8
-21.7
-1.3
1.3
9.6
-18.4
-26.7

-8.5
-9.0
-16.8
13.0
-19.3
-14.7
-6.7
13.3
-23.6
16.6
-8.9
-20.0
-19.4
4.7
-10.2
-4.2
0.3
-44.5
18.0
3.4
-6.2
-25.0
6.5
-24.6
-2.7
2.8
6.0
-20.0
-22.2

-5.4
-5.7
-19.1
17.5
-11.1
-5.5
-1.9
15.1
-12.9
16.9
-7.2
-15.9
-17.2
4.6
4.4
-8.3
-3.9
-34.4
18.4
7.9
1.3
-19.0
5.3
-22.1
2.9
3.6
12.0
-18.4
-24.9

-4.4
-4.9
-8.2
10.7
1.5
-9.8
-3.8
14.5
-14.5
24.9
-5.0
-15.7
-11.6
5.1
6.2
3.6
0.4
-21.3
12.8
5.0
4.5
-21.4
8.7
-15.7
4.3
11.4
9.5
-15.9
-22.8

In the ta ble s : (s .a .) = s e a s o na lly a djus te d, (n) = no t s e a s o na lly a djus te d, : = no t a va ila ble .
(*) M inim um , m a xim um a nd a ve ra ge s a re c a lc ula te d o ve r the pe rio d o f a va ilibility whic h is no t ne c e s s a rily a s fro m 01/2000.
(a ) The s um o f the re plie s fo r e a c h M e m be r S ta te a re we ighte d in the C o m m unity to ta l with the va lue o f c o ns um e rs ’ e xpe nditure .
(b) The indic a to r is the a rithm e tic a ve ra ge o f the ba la nc e s (%) o f fo ur que s tio ns : the fina nc ia l s itua tio n o f ho us e ho lds o ve r the la s t 12 m o nths a nd o ve r the ne xt 12 m o nths ,
the ge ne ra l e c o no m ic s itua tio n o ve r the ne xt 12 m o nths , a nd m a jo r purc ha s e s o ve r the ne xt 12 m o nths .

20

T ABLE 4a: Quarterly survey of consumers
(Data c o lle c te d in J anuary, A pril, J uly and Oc to be r e ac h ye ar.)

Inte ntion to purchase or build a home within the ne xt 12 months (s.a.) (a)
(Question 14)
S inc e 2000 (*)
M in.
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
II-10
II-10
II-24
II-03
II-09
III-03
II-10
IV-09
II-20
IV-12
III-13
I-11
III-11
II-13
I-15
II-10
IV-12
I-26
I-10
III-08
III-12
IV-03
I-19
IV-13
I-14
II-15
II-26
II-26
II-24

Va lue
-82.7
-83.2
-92.4
-95.0
-92.5
-85.5
-78.8
-93.1
-85.5
-97.9
-64.5
-90.0
-88.7
-95.9
-95.4
-90.6
-95.2
-91.2
-93.6
-94.6
-82.9
-90.8
-92.2
-96.6
-91.2
-94.8
-91.9
-77.4
-76.6

Ave .
-78.1
-78.3
-88.0
-88.4
-86.4
-75.1
-72.5
-84.2
-80.2
-88.6
-55.9
-84.3
-81.4
-91.4
-81.8
-78.8
-88.9
-79.8
-81.6
-85.1
-72.3
-83.1
-80.1
-87.7
-82.5
-82.6
-87.3
-69.9
-65.8

2024
M a x.

Da te
I-00
I-00
IV-25
II-20
II-26
III-21
I-26
I-02
II-25
I-03
I-00
I-22
IV-25
I-26
IV-03
I-02
II-26
II-03
II-00
III-25
I-00
III-01
II-24
I-00
I-24
I-26
IV-08
IV-01
IV-02

Va lue
-70.7
-71.3
-76.6
-77.5
-75.0
-56.1
-63.5
-70.8
-72.4
-66.4
-42.7
-76.9
-70.2
-78.4
-65.6
-7.5
-78.6
-63.9
-38.5
-63.0
-54.6
-63.1
-54.8
-68.2
-73.3
-72.6
-81.7
-62.3
-50.7

2025

2026

-21

-18

-15

-12

-9

-6

-3

0

III
-75.0
-75.9
-91.6
-81.7
-88.3
-68.6
-66.4
-80.9
-77.7
-93.9
-51.4
-81.4
-77.5
-93.3
-83.0
-76.6
-85.9
-90.0
-74.4
-72.7
-70.8
-81.2
-58.6
-87.6
-75.3
-78.6
-90.5
-73.5
-74.9

IV
-74.4
-75.0
-88.0
-80.1
-89.2
-70.6
-65.2
-80.8
-77.4
-93.5
-52.3
-80.6
-82.3
-91.5
-85.7
-81.9
-81.7
-84.6
-67.7
-73.5
-70.7
-79.7
-60.8
-88.5
-74.1
-81.1
-89.4
-72.8
-75.8

I
-74.5
-75.3
-87.7
-82.5
-88.1
-69.8
-64.6
-80.8
-76.9
-94.1
-51.9
-81.7
-77.3
-93.9
-82.5
-87.7
-82.0
-77.8
-70.3
-74.7
-72.0
-78.0
-59.1
-87.1
-74.6
-81.8
-89.7
-73.2
-72.6

II
-74.6
-75.4
-89.4
-81.7
-84.5
-69.7
-63.7
-84.6
-72.4
-93.3
-52.2
-84.0
-79.1
-91.8
-80.0
-72.9
-84.7
-83.6
-71.3
-68.3
-71.9
-83.1
-60.5
-88.8
-73.9
-79.5
-89.2
-74.4
-74.0

III
-75.0
-75.7
-82.1
-79.9
-80.2
-68.3
-69.3
-81.8
-77.3
-94.8
-53.3
-83.7
-72.5
-88.9
-78.7
-77.3
-83.8
-88.0
-69.5
-63.0
-68.0
-74.7
-68.0
-84.3
-76.1
-74.2
-89.9
-73.0
-71.1

IV
-74.6
-75.3
-76.6
-81.6
-83.1
-69.2
-67.8
-82.5
-80.0
-93.4
-51.4
-83.0
-70.2
-91.0
-77.4
-79.7
-80.8
-83.4
-69.5
-67.4
-71.5
-74.5
-65.2
-84.4
-74.5
-76.2
-89.8
-75.5
-71.6

I
-71.3
-71.9
-83.0
-79.7
-83.6
-71.9
-63.5
-79.6
-77.0
-93.0
-53.5
-78.8
-73.4
-78.4
-82.2
-70.0
-84.5
-91.2
-69.9
-73.8
-72.9
-79.7
-55.2
-86.0
-76.5
-72.6
-91.2
-73.5
-71.9

II
-74.9
-75.8
-77.8
-80.1
-75.0
-70.9
-68.7
-81.8
-76.8
-89.8
-53.1
-84.5
-74.3
-89.0
-75.3
-76.5
-78.6
-83.9
-69.9
-64.7
-70.6
-78.6
-62.8
-86.4
-78.3
-76.8
-91.9
-77.4
-72.7

Inte ntion to carry out home improve me nts ove r the ne xt 12 months (s.a.) (a)
(Question 15)
S inc e 2000 (*)
M in.
EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te
IV-02
IV-02
III-24
I-02
III-01
II-01
IV-22
III-21
II-20
I-13
II-11
III-01
II-12
I-06
II-13
I-00
I-10
III-23
IV-11
II-17
II-08
II-26
II-14
IV-12
III-10
II-12
II-26
IV-01
IV-23

Va lue
-54.4
-55.7
-54.8
-85.4
-46.9
-80.5
-42.4
-70.1
-47.7
-92.7
-60.7
-71.7
-77.0
-87.0
-89.1
-73.2
-81.3
-54.9
-88.1
-79.3
-59.3
-51.3
-57.5
-81.2
-68.5
-69.3
-75.4
-69.3
-39.9

Ave .
-48.3
-49.6
-45.2
-63.2
-30.9
-55.6
-27.4
-44.9
-38.2
-76.1
-49.7
-58.1
-62.7
-72.1
-66.8
-35.2
-63.4
-34.3
-63.7
-61.7
-47.3
-31.9
-35.1
-66.8
-52.0
-45.8
-60.3
-59.2
-22.3

M a x.
Da te
Va lue
III-21
-38.9
IV-21
-41.5
III-25
-31.2
II-20
-38.8
II-08
-14.5
I-00
-29.0
III-17
-15.2
II-06
-13.7
II-21
-25.6
I-01
-52.7
III-24
-38.7
IV-21
-46.1
III-21
-47.6
IV-21
-53.3
III-01
-45.3
I-02
-6.6
I-07
-50.6
I-05
-20.8
IV-21
-21.0
II-26
-30.9
II-21
-33.7
II-12
-18.5
I-24
-4.5
II-01
-45.4
II-07
-39.4
III-07
-14.2
I-08
-45.6
II-11
-48.2
IV-09
-7.5

2024

2025

2026

-21

-18

-15

-12

-9

-6

-3

0

III
-44.1
-46.3
-54.8
-50.9
-32.7
-45.2
-32.0
-50.9
-40.1
-79.9
-38.7
-52.5
-59.7
-61.9
-63.5
-28.1
-65.0
-41.1
-37.7
-48.9
-39.7
-34.5
-12.2
-66.1
-47.9
-49.1
-64.8
-62.0
-30.9

IV
-44.3
-46.8
-49.2
-48.8
-28.3
-50.7
-32.2
-50.3
-38.7
-77.7
-42.0
-55.4
-65.8
-61.0
-73.1
-23.2
-58.0
-47.3
-39.0
-47.4
-41.0
-37.2
-12.3
-66.5
-44.0
-48.2
-68.5
-61.9
-32.5

I
-44.9
-47.1
-43.7
-51.8
-28.8
-51.4
-31.7
-52.7
-39.3
-79.4
-41.6
-53.2
-57.4
-62.0
-67.4
-44.0
-54.7
-32.6
-43.5
-46.5
-41.7
-38.8
-12.2
-61.4
-48.0
-49.8
-71.4
-62.6
-31.7

II
-45.5
-47.8
-50.6
-54.0
-34.3
-50.3
-32.6
-54.3
-33.7
-74.7
-42.2
-53.0
-62.0
-64.2
-67.1
-20.2
-61.9
-25.5
-39.3
-42.1
-42.2
-38.6
-12.8
-62.8
-44.3
-48.7
-74.5
-62.2
-33.0

III
-44.2
-46.3
-31.2
-51.3
-26.8
-51.8
-32.3
-51.6
-33.7
-74.6
-42.1
-56.7
-55.0
-59.0
-64.3
-20.6
-55.9
-34.2
-46.0
-37.0
-41.2
-40.6
-12.9
-65.0
-56.5
-42.9
-72.1
-62.8
-28.5

IV
-44.7
-46.7
-38.2
-55.2
-34.0
-49.7
-34.0
-55.5
-37.4
-77.7
-41.8
-56.6
-48.8
-59.6
-56.6
-14.4
-59.9
-35.9
-36.6
-35.5
-42.9
-39.4
-19.2
-59.2
-51.1
-47.8
-74.2
-62.7
-33.5

I
-43.9
-45.9
-33.9
-53.3
-25.7
-50.5
-28.5
-48.6
-35.3
-77.9
-40.3
-52.6
-48.8
-62.9
-69.8
-8.7
-59.5
-29.7
-43.8
-47.2
-44.3
-47.9
-11.5
-59.7
-56.8
-40.6
-71.7
-62.6
-33.0

II
-46.3
-48.5
-35.6
-53.2
-32.1
-49.7
-34.5
-48.8
-38.4
-85.2
-43.3
-56.0
-49.3
-60.9
-69.0
-23.6
-52.4
-37.4
-44.9
-30.9
-43.3
-51.3
-12.4
-61.4
-54.8
-45.1
-75.4
-63.0
-30.7

(*) Min imu m, ma ximu m a n d a ve ra g e s a re c a lc u la te d o ve r th e p e rio d o f a va ila b ility wh ic h is n o t n e c e s s a rily a s fro m 2 0 0 0 .
(a ) Ba la n c e s : i.e . d iffe re n c e s b e twe e n th e p e rc e n ta g e s o f re s p o n d e n ts g ivin g p o s itive a n d n e g a tive re p lie s .

21

T ABLE 5: Monthly survey of retail trade (s.a.)
S inc e 2000 (*)
M in.
Da te
04-20
04-20
05-20
05-20
04-20
11-22
04-20
04-09
05-09
07-10
04-20
05-20
04-20
09-00
04-13
02-09
04-09

Va lue
-34.7
-35.7
-47.1
-19.2
0.4
-38.3
-46.1
-43.2
-35.2
-44.2
-42.8
-41.9
-48.5
-30.7
-51.1
-31.9
-52.4
:
:
03-09
-38.9
04-21
-61.5
04-20
-19.6
04-20
-52.7
05-20
-40.2
04-20
-31.7
04-20
-28.1
04-20
-29.8
04-09
-21.7
04-20
-33.8
01-09
-39.6

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

-5.1
-6.2
-6.5
12.2
16.5
1.3
-14.7
6.9
4.7
1.7
-4.5
-7.7
-0.5
-0.2
-6.7
5.0
1.9
:
-7.3
0.8
5.3
-8.5
-3.1
-4.4
7.7
11.7
12.1
-1.4
12.1

Da te Va lue
08-21
6.8
08-21
6.7
10-10
11.3
03-00
28.4
11-07
30.2
07-13
18.8
12-10
10.4
04-07
36.1
07-00
36.3
05-07
37.2
04-15
16.9
06-07
7.8
04-18
22.1
05-00
26.1
08-07
19.7
02-07
23.5
04-07
42.1
:
:
12-17
14.7
04-23
35.1
04-00
29.7
06-21
17.9
12-07
11.4
03-00
11.7
05-03
25.3
09-07
37.8
03-08
35.6
02-18
25.7
01-10
44.9

May
-5.4
-6.6
-1.9
14.8
16.6
2.6
-19.7
-14.6
3.5
-1.5
:
-13.4
0.6
10.7
4.5
1.7
3.0
:
-23.7
10.3
0.7
-5.2
-2.2
2.6
-1.3
7.1
7.4
10.2
18.1

J un
-6.2
-7.2
-9.3
16.5
9.9
1.1
-21.3
-13.5
3.1
13.9
:
-14.7
-4.5
9.4
-1.1
0.9
1.5
:
-22.5
9.9
2.6
-2.6
-1.8
2.8
-2.5
-1.1
8.5
3.4
13.0

J ul
-5.2
-6.3
-4.3
14.0
14.5
0.5
-23.1
-11.4
12.2
1.7
:
-11.2
4.1
11.9
1.0
1.4
1.6
:
-23.1
-6.3
1.3
-1.5
-2.3
4.0
-6.2
3.1
9.9
0.5
16.0

Aug
-5.2
-6.2
-5.9
11.6
12.6
-2.4
-22.0
-14.2
10.5
-1.5
:
-10.2
3.8
8.9
5.9
3.2
3.0
:
-20.9
5.2
6.8
-3.2
-2.4
3.4
-3.1
-0.4
8.1
2.1
19.2

Sep
-6.0
-7.6
-7.0
8.2
14.9
4.9
-22.9
-14.0
9.2
-0.1
:
-16.7
5.1
9.0
4.0
4.3
4.9
:
-21.4
14.8
5.2
-2.8
-2.3
3.6
-5.0
6.1
7.7
5.0
17.7

Oc t
-5.0
-6.8
-16.7
10.9
12.4
1.3
-21.3
-10.5
6.0
4.0
:
-15.8
3.4
12.7
-0.1
4.9
5.9
:
-17.7
5.9
1.2
-4.4
-1.6
4.6
-7.3
11.9
8.4
0.4
28.2

No v
-4.4
-5.7
-8.8
15.5
14.0
4.1
-23.7
-9.5
7.6
6.7
:
-12.3
8.4
14.4
3.6
5.4
7.4
:
-17.2
16.0
5.3
-4.5
-2.4
6.5
-2.4
11.4
11.5
-0.7
24.2

De c
-4.9
-7.0
-14.8
13.8
10.2
8.2
-25.3
-6.3
6.6
-7.4
:
-12.8
8.6
13.4
5.3
2.3
5.4
:
-16.5
22.3
2.8
-6.9
-1.7
6.3
-1.5
20.3
13.7
-1.7
27.0

J an
-4.2
-6.1
-12.9
12.9
9.4
14.2
-25.2
-5.8
8.2
10.4
:
-12.0
0.8
7.6
0.4
2.9
8.0
:
-18.2
24.5
5.4
-6.4
-0.6
4.5
-2.3
14.2
9.3
2.3
27.1

Feb
-3.8
-5.4
-9.9
16.5
11.5
11.3
-25.3
-3.2
4.0
9.7
:
-11.6
12.1
11.1
2.2
2.0
7.6
:
-19.0
16.0
4.9
-2.1
-0.7
3.8
-1.3
7.6
2.2
9.1
23.6

Mar
-5.9
-7.6
-9.4
13.6
16.8
8.4
-25.5
-4.1
5.3
3.3
:
-15.0
9.1
8.1
-1.4
3.2
6.0
:
-16.8
7.7
2.7
5.3
-0.5
3.6
-4.3
14.5
-4.6
-5.6
15.4

Apr
-7.6
-9.9
-6.8
15.2
16.7
2.3
-31.4
-3.9
8.3
6.7
:
-14.8
-1.7
9.6
-9.3
1.4
7.5
:
-13.5
7.7
1.4
-5.5
-0.6
4.9
-3.3
1.4
-2.4
11.9
23.4

Ave .

R ETAIL TR ADE
C ONF IDENC E
INDIC ATOR (a )

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

AS S ES S M ENT
OF B US INES S
S ITUATION
OVER THE P AS T
3 M ONTHS
(Que s tio n 1)

EU
05-20
EA
05-20
BE
05-20
BG
05-20
CZ
10-09
DK
11-22
DE
07-02
EE
04-09
IE
05-09
EL
04-12
ES
12-08
FR
05-20
HR
05-20
IT
02-13
CY
05-13
LV
02-09
LT
09-09
LU :
HU
03-09
MT
04-21
NL
08-09
AT
04-20
PL
05-20
PT
08-12
RO
05-20
SI
03-09
SK
07-09
FI
07-14
SE
01-09

-40.0
-40.9
-52.9
-49.9
1.2
-47.6
-54.6
-56.9
-48.4
-77.5
-66.3
-56.4
-61.0
-62.8
-70.4
-53.6
-56.9
:
-61.1
-78.6
-24.6
-82.9
-57.4
-57.8
-56.4
-60.7
-29.0
-46.1
-50.8

-3.9
-5.5
-2.7
11.7
33.3
5.1
-7.4
18.4
4.5
0.2
-19.3
-8.0
-2.8
-1.8
-22.1
5.2
3.9
:
-10.5
6.0
12.2
-5.7
-2.4
-10.2
10.1
12.2
18.3
4.7
19.7

01-18
07-17
10-10
05-00
11-07
07-13
04-17
04-07
05-16
09-23
04-15
01-08
08-17
05-00
04-07
02-07
01-07
:
12-17
06-15
09-00
06-21
01-08
03-00
08-15
11-07
12-01
03-12
07-06

15.1
13.5
36.1
42.6
69.0
38.2
27.2
70.9
49.8
64.6
20.3
25.6
38.3
60.9
27.1
37.2
72.2
:
20.6
59.3
57.0
31.2
23.6
17.8
39.2
65.7
55.0
50.5
62.6

-0.3
-1.9
-1.1
20.2
35.2
20.0
-9.7
-16.5
6.2
12.0
:
-16.2
0.6
16.4
3.5
2.3
2.5
:
-35.9
1.5
2.0
-3.6
-0.4
6.2
1.8
-6.6
23.0
24.7
29.7

0.7
0.1
-11.2
26.1
21.9
18.6
-9.5
-19.9
4.1
35.4
:
-20.6
-1.9
19.7
-1.4
-0.5
-2.2
:
-34.5
23.9
15.4
6.2
0.4
5.7
-0.7
-13.4
20.0
12.7
20.4

-0.8
-2.3
0.7
27.4
26.2
16.4
-14.0
-5.4
21.5
6.5
:
-15.2
5.9
19.0
3.4
-0.6
-2.2
:
-35.1
5.8
7.1
1.4
0.7
8.0
-5.1
-14.1
19.0
-12.6
25.5

-1.2
-1.9
4.1
14.7
18.5
9.6
-15.7
-15.9
21.6
-2.5
:
-3.6
-5.3
15.2
0.3
3.5
-0.4
:
-26.9
4.9
12.3
-4.6
-0.1
6.0
-4.8
-13.5
15.0
-0.8
34.6

-2.1
-4.1
4.6
7.3
20.9
17.7
-15.5
-14.1
16.1
5.5
:
-16.6
-2.8
9.2
-0.1
3.8
5.6
:
-33.3
20.2
14.6
4.1
0.1
8.2
-5.2
-3.1
11.0
17.1
31.2

-2.8
-5.4
-21.3
14.2
19.0
15.8
-14.8
-13.0
2.6
1.0
:
-17.0
-0.3
14.4
-3.5
5.4
6.8
:
-25.0
3.7
-0.6
-9.4
1.4
9.0
-12.9
26.2
11.0
-4.8
44.6

0.7
-0.1
-7.9
18.0
18.0
17.1
-16.6
-15.1
5.5
22.9
:
-8.6
6.6
22.6
-0.8
9.3
11.4
:
-21.7
25.8
9.8
-4.5
-0.2
11.8
-5.8
10.6
21.0
-4.2
39.2

-0.9
-4.0
-9.4
18.0
19.6
23.1
-20.4
-5.5
3.9
15.6
:
-14.9
21.1
17.4
-0.9
1.4
10.3
:
-23.0
45.3
5.9
2.4
2.6
10.4
-3.8
13.8
22.0
2.9
46.5

-2.2
-4.7
-9.5
15.3
18.6
37.4
-24.0
-8.9
13.7
29.5
:
-11.0
-0.7
11.4
-0.4
3.4
16.3
:
-27.9
28.4
4.8
-4.7
2.3
8.3
-5.5
33.3
14.0
-7.6
42.2

-0.7
-2.6
7.9
22.7
19.2
26.7
-25.1
4.6
3.5
23.3
:
-12.0
9.9
12.6
-2.3
4.1
8.6
:
-24.1
22.2
7.6
6.0
2.7
10.4
-6.7
7.1
2.0
6.4
33.2

-1.2
-3.0
-3.8
14.7
31.1
23.8
-15.5
3.7
8.8
13.0
:
-22.3
9.3
9.0
-2.4
6.1
6.5
:
-21.0
17.2
0.9
17.8
2.4
8.9
-5.1
16.9
-13.0
-3.4
20.6

-2.2
-5.2
3.5
20.2
29.4
15.7
-20.2
6.1
12.4
20.3
:
-21.2
-6.3
15.5
-10.2
1.8
8.9
:
-11.8
20.7
-1.4
6.8
4.4
10.9
-0.5
-20.3
-10.0
27.4
32.5

EU
09-00
EA
09-00
BE
04-20
BG
11-25
CZ
11-01
DK
10-11
DE
06-03
EE
11-08
IE
04-09
EL
12-25
ES
06-06
FR
01-12
HR
05-20
IT
09-00
CY
01-11
LV
01-08
LT
01-09
LU :
HU
07-01
MT
04-20
NL
10-11
AT
12-20
PL
05-20
PT
12-01
RO
04-09
SI
01-21
SK
02-09
FI
01-12
SE
06-01

26.5
27.8
39.1
7.7
26.6
40.7
36.2
37.3
32.2
52.9
29.0
22.2
31.4
66.6
25.8
7.9
54.8
:
34.8
75.2
21.8
46.5
14.3
23.0
22.3
41.5
25.0
39.1
44.5

12.9
13.1
9.6
-2.1
7.2
16.9
22.0
13.1
12.7
8.8
5.6
10.7
8.5
10.5
-1.5
-0.2
3.5
:
11.1
11.2
8.5
17.6
4.6
2.1
0.7
6.7
6.5
13.5
21.8

11-21
11-21
04-22
10-00
10-14
05-13
11-21
09-21
11-21
01-16
08-10
03-09
12-21
09-13
12-20
03-10
07-06
:
03-22
01-22
08-09
10-21
04-03
02-13
05-16
03-22
01-03
02-18
09-21

-9.3
-9.6
-13.1
-26.9
-9.4
-0.9
-19.0
-5.4
-9.4
-13.4
-7.6
-20.3
-7.6
-5.9
-27.0
-9.9
-13.9
:
-7.7
-36.0
-5.4
-26.5
-8.7
-16.3
-26.5
-40.7
-19.0
-12.0
-18.5

12.7
13.0
-1.7
6.6
5.6
26.9
21.2
20.1
18.5
21.1
:
13.3
11.3
7.8
-2.6
1.0
-0.2
:
13.2
8.3
2.1
9.2
6.5
3.8
1.2
-18.6
10.0
5.5
10.1

15.2
15.7
-1.8
3.6
11.7
27.4
27.3
13.5
13.9
20.1
:
17.3
15.6
7.8
8.7
1.0
-0.1
:
9.2
0.6
5.3
9.2
6.6
3.0
1.3
7.9
8.0
-2.6
16.2

13.6
13.9
7.8
4.4
4.2
25.1
24.8
14.1
5.6
25.2
:
12.8
8.0
6.3
6.8
1.5
-0.2
:
9.2
5.6
6.4
4.8
6.7
4.1
1.2
4.6
8.0
-10.3
20.3

13.9
14.2
8.9
3.9
4.8
27.7
22.6
19.4
14.7
23.9
:
14.1
9.7
9.0
-1.9
1.6
-0.4
:
15.6
2.1
5.4
6.1
7.0
3.5
0.9
5.1
8.0
-1.1
15.5

15.6
16.3
14.4
3.1
3.4
25.5
26.2
19.1
8.5
18.7
:
17.9
10.0
9.7
-0.4
0.0
0.9
:
11.1
11.1
5.0
7.8
6.7
4.7
1.1
-12.3
8.0
4.7
16.9

14.3
14.9
17.6
3.7
10.4
23.7
23.4
17.9
11.3
12.9
:
17.7
16.1
6.7
5.8
0.8
-0.3
:
9.5
12.7
5.4
6.0
6.7
3.6
2.6
4.0
8.0
5.9
14.9

14.0
14.5
7.5
7.7
5.9
25.3
23.0
16.1
7.8
16.3
:
16.7
11.5
7.8
2.1
1.0
0.0
:
11.4
15.5
4.0
10.3
7.1
2.4
2.0
5.3
7.0
4.3
17.8

15.1
15.6
13.5
5.8
11.5
27.1
25.1
15.6
8.1
52.9
:
17.7
10.3
4.9
1.6
1.3
0.3
:
10.9
5.4
4.5
10.7
7.5
1.3
1.9
-14.1
7.0
2.8
17.6

14.4
15.2
24.6
1.5
9.3
24.8
25.3
16.4
19.1
25.3
:
14.9
11.0
8.0
8.1
2.3
-0.7
:
9.5
2.5
4.3
11.6
6.2
2.7
2.3
4.1
6.0
7.8
10.4

12.8
13.5
16.0
2.2
9.9
20.5
22.5
15.4
16.0
16.3
:
13.8
4.5
6.6
2.8
2.1
-1.0
:
7.1
13.5
3.2
12.3
5.0
6.0
0.6
5.3
8.0
9.2
15.5

12.2
12.7
12.8
0.5
2.1
22.6
22.1
17.3
16.6
21.7
:
9.9
0.9
6.1
5.5
0.7
-1.8
:
10.8
5.5
4.9
10.2
3.7
4.1
2.6
3.1
8.0
21.3
16.8

12.9
13.8
5.8
1.1
0.8
25.1
26.4
14.9
14.3
18.6
:
9.4
11.2
6.5
-1.0
0.6
-3.1
:
8.8
5.8
5.7
11.6
4.8
2.3
-0.6
3.8
5.0
6.4
10.4

C o m po ne nt o f the
re ta il c o nfide nc e
indic a to r

VOLUM E
OF S TOC KS
(Que s tio n 2) (b )
C o m po ne nt o f the
re ta il c o nfide nc e
indic a to r

22

T ABLE 5 (continued) : Monthly survey of retail trade (s.a.)
S inc e 2000 (*)
M in.
EXP EC TED
B US INES S
S ITUATION
(Que s tio n 4)
C o m po ne nt o f the
re ta il c o nfide nc e
indic a to r

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

Da te Va lue
04-20 -59.3
04-20 -59.7
04-20 -52.5
04-20
-39.1
04-20 -20.0
04-20 -53.7
04-20
-66.1
04-20
-75.1
04-20 -55.2
08-15 -66.3
04-20
-61.1
04-20 -63.9
04-20 -84.0
10-01 -32.3
04-13 -77.4
04-20 -58.8
04-09
-61.2
:
:
04-20 -53.4
03-20 -78.6
04-20 -50.9
11-20 -52.2
04-20 -67.6
04-20 -55.0
04-20 -65.0
04-20 -44.7
04-20 -33.9
04-20 -70.8
01-09 -39.5

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

1.6
-0.1
-7.2
22.7
23.4
15.7
-14.6
15.4
22.3
13.5
11.3
-4.2
10.0
11.7
0.4
9.6
5.4
:
-0.4
7.5
12.2
-2.2
-2.4
-0.8
13.6
29.6
24.6
4.7
38.4

Da te Va lue
01-18
17.7
01-18
16.5
04-07
15.2
01-07
52.0
02-02
47.7
01-11
45.8
12-10
17.0
02-07
49.3
06-00
62.7
05-07
71.0
04-18
37.6
06-07
21.5
09-24
40.5
02-00
48.7
02-08
57.8
02-07
38.6
03-07
60.4
:
:
02-16
26.8
04-23
51.1
07-07
43.6
03-05
31.3
02-08
17.6
01-00
34.5
01-02
56.8
01-18
66.7
01-02
66.7
01-07
42.6
01-10
84.0

May
-3.2
-5.0
-6.4
30.9
20.3
14.6
-28.3
-7.2
22.9
4.4
:
-10.5
12.6
23.5
7.3
3.7
6.4
:
-21.9
37.9
2.0
-2.7
0.4
5.4
-4.5
9.4
9.1
11.5
34.7

J un
-4.0
-6.0
-18.7
27.0
19.4
12.1
-27.2
-7.0
19.2
26.6
:
-6.4
4.0
16.3
6.7
4.1
6.5
:
-23.8
6.4
-2.2
-4.9
0.8
5.7
-5.6
17.8
13.5
-5.1
34.7

J ul
-1.1
-2.7
-5.9
18.9
21.5
10.1
-30.5
-14.7
20.6
23.8
:
-5.7
14.3
23.1
6.6
6.3
6.9
:
-24.9
-19.1
3.3
-1.0
-1.0
8.1
-12.3
27.9
18.6
3.8
42.7

Aug
-0.6
-2.4
-13.0
24.1
24.1
11.1
-27.6
-7.4
24.7
22.0
:
-12.9
26.4
20.5
15.5
7.5
8.9
:
-20.0
12.9
13.5
1.0
-0.1
7.8
-3.6
17.4
17.2
6.1
38.5

Sep
-0.3
-2.3
-11.2
20.4
27.3
22.5
-27.0
-8.8
20.0
13.0
:
-15.6
28.0
27.4
11.6
9.2
10.0
:
-19.7
35.2
6.1
-4.8
-0.4
7.2
-8.7
9.2
20.2
2.5
39.0

Oc t
2.0
-0.1
-11.0
22.3
28.7
11.7
-25.8
-0.6
26.7
24.0
:
-12.8
26.7
30.3
9.1
10.1
10.7
:
-18.5
26.6
9.6
2.2
0.6
8.4
-6.4
13.4
22.1
11.9
55.0

No v
0.1
-2.5
-11.0
36.4
30.0
20.6
-31.6
2.8
25.0
13.5
:
-11.7
30.1
28.4
13.5
7.8
10.9
:
-18.6
37.8
10.1
1.2
0.1
10.2
0.5
28.9
20.5
6.4
51.2

De c
1.3
-1.2
-21.4
29.2
22.6
28.6
-30.3
2.3
23.9
15.1
:
-5.8
15.0
27.8
18.5
6.7
6.2
:
-15.5
27.1
7.0
-12.4
-0.2
9.6
1.3
32.9
26.0
-5.0
52.1

J an
3.9
1.7
-4.4
25.0
19.0
30.1
-26.2
7.8
30.0
26.9
:
-10.0
14.0
19.3
9.7
7.7
7.1
:
-17.1
47.5
15.9
-2.8
2.2
7.9
1.0
13.3
19.8
22.4
49.5

Feb
2.2
-0.1
-21.6
28.9
25.2
27.7
-28.2
1.0
24.5
21.9
:
-9.0
30.8
27.3
11.6
4.1
13.1
:
-25.8
39.1
10.4
0.0
0.3
6.9
3.5
21.2
12.5
30.1
53.0

Mar
-4.4
-7.1
-11.6
26.5
21.4
24.0
-39.0
1.2
23.6
18.4
:
-12.8
19.0
21.3
3.6
4.0
9.7
:
-18.5
11.5
12.0
8.3
-0.2
5.8
-5.2
29.7
7.1
7.8
42.5

Apr
-7.7
-10.9
-18.0
26.6
21.5
16.3
-47.4
-2.8
27.0
18.4
:
-13.9
12.3
19.6
-18.8
2.9
10.6
:
-19.8
8.3
11.1
-11.6
-1.5
6.2
-10.0
28.4
7.7
14.8
48.1

Ave .

INTENTIONS
OF P LAC ING
OR DER S
(Que s tio n 3)

EU
04-20
EA
04-20
BE
05-20
BG
04-20
CZ
04-20
DK
04-20
DE
04-20
EE
04-20
IE
04-20
EL
08-15
ES
04-20
FR
04-20
HR
04-20
IT
01-00
CY
04-13
LV
04-20
LT
10-09
LU :
HU
04-20
MT
08-20
NL
04-20
AT
04-20
PL
04-20
PT
04-20
RO
04-20
SI
03-09
SK
04-20
FI
04-20
SE
01-09

-51.6
-51.5
-41.9
-37.6
-6.3
-52.2
-56.9
-55.1
-57.2
-64.8
-61.8
-53.8
-84.4
-41.0
-76.7
-96.2
-68.0
:
-60.1
-79.3
-44.1
-57.5
-66.9
-46.8
-34.4
-52.6
-33.6
-53.8
-50.5

-5.9
-7.3
-11.0
16.7
18.4
4.2
-16.8
7.4
6.7
0.0
1.3
-8.2
-2.0
-2.0
-12.6
3.7
4.0
:
-5.2
-1.4
3.1
-18.2
-3.8
-6.7
10.9
11.8
32.8
-10.2
13.1

10-21
08-21
09-07
01-07
11-01
05-16
10-21
04-01
07-00
06-07
01-17
06-07
04-18
05-00
03-07
02-07
04-06
:
01-18
09-22
06-21
10-21
01-08
02-00
01-06
11-16
01-02
01-07
01-10

10.1
10.0
10.6
49.3
49.7
30.0
13.5
39.0
54.1
44.8
26.2
11.2
28.8
41.0
34.9
34.0
61.2
:
26.0
57.2
27.7
15.7
17.3
26.8
33.0
49.3
91.5
18.6
58.4

-5.7
-6.9
-14.5
20.0
8.4
5.2
-24.1
-15.4
8.5
3.1
:
-11.1
13.4
12.5
0.3
6.0
2.1
:
-28.8
39.4
0.3
-7.7
-4.3
2.5
6.7
24.0
15.7
-7.6
17.3

-7.0
-8.2
-15.6
20.8
9.2
-1.1
-24.3
-15.5
-10.0
10.6
:
-8.9
-1.9
10.0
-0.6
6.2
0.8
:
-30.6
6.9
0.3
-10.1
-4.7
2.4
6.7
-1.2
12.9
-17.8
21.4

-6.4
-7.2
-11.2
8.9
13.8
0.2
-25.9
-15.0
14.7
25.8
:
-8.3
11.0
5.9
-1.0
3.9
1.4
:
-29.5
-7.1
-1.7
-18.8
-6.0
3.9
4.7
30.1
16.2
-8.9
24.1

-4.1
-5.2
-7.1
13.1
13.8
-3.9
-20.0
-14.5
-1.9
23.9
:
-16.6
8.8
11.1
4.1
4.2
2.6
:
-22.4
27.3
12.7
-10.4
-6.1
4.3
8.4
26.2
22.8
-15.3
16.1

-3.9
-4.8
-5.4
16.1
19.3
6.9
-20.9
-13.7
4.5
16.1
:
-17.1
13.3
14.2
2.2
3.8
2.2
:
-22.1
20.2
2.0
-9.1
-6.0
2.2
3.3
14.9
27.5
-19.5
22.5

-3.2
-4.1
-3.1
19.4
14.7
-2.6
-22.3
-11.3
7.3
10.4
:
-11.7
11.1
9.2
1.3
5.5
0.8
:
-23.7
20.2
5.4
-11.7
-3.9
3.2
5.1
29.3
26.8
-13.8
31.5

-2.9
-4.7
-11.6
19.2
10.1
18.2
-21.4
-10.4
11.9
13.1
:
-13.7
22.3
13.6
5.3
2.0
1.2
:
-17.4
30.5
7.4
-8.0
-5.6
4.1
-0.1
27.0
31.4
-13.9
27.7

-3.5
-4.4
-15.9
18.8
7.1
3.3
-25.1
-11.3
7.5
21.0
:
-6.2
10.7
10.3
16.7
0.7
1.0
:
-20.3
4.1
2.0
-14.0
-5.1
6.0
4.6
30.0
32.0
-19.9
27.2

-2.8
-5.8
-6.9
13.3
13.6
15.4
-22.7
-7.8
16.5
-2.9
:
-10.9
5.9
5.4
7.7
1.4
4.7
:
-23.9
-0.6
11.2
-13.2
-2.7
3.3
0.4
29.3
27.8
-19.8
32.7

-2.8
-4.8
-17.0
22.2
12.6
12.5
-20.4
-8.3
6.5
31.4
:
-12.4
12.9
9.8
6.5
2.5
0.9
:
-27.9
5.4
3.8
-19.2
-4.1
5.9
4.9
26.1
22.0
-11.6
24.9

-4.4
-6.1
-14.5
15.7
9.7
9.0
-24.6
-6.0
-0.1
31.2
:
-9.7
12.9
12.8
3.2
0.6
1.9
:
-22.0
11.9
2.6
-11.5
-4.0
0.6
4.4
24.3
18.8
-18.2
18.7

-6.3
-7.7
-17.0
15.4
11.3
0.4
-28.6
-7.2
20.5
30.6
:
-13.3
-5.1
12.5
-19.1
1.8
0.3
:
-18.4
14.5
9.2
-13.4
-6.2
2.9
1.0
16.8
13.2
-23.3
27.4

EM P LOYM ENT
EXP EC TATIONS
(Que s tio n 5)

EU
04-20
EA
04-20
BE
05-20
BG
01-00
CZ
04-20
DK
04-20
DE
12-02
EE
04-20
IE
04-20
EL
01-12
ES
04-20
FR
04-20
HR
04-20
IT
07-01
CY
01-12
LV
04-20
LT
08-09
LU :
HU
12-08
MT
04-21
NL
04-20
AT
04-20
PL
04-20
PT
10-12
RO
04-09
SI
03-10
SK
12-04
FI
04-20
SE
12-08

-28.7
-28.0
-36.8
-28.9
-11.8
-43.2
-33.5
-53.6
-30.1
-73.8
-34.3
-35.0
-27.9
-20.4
-18.5
-44.5
-63.0
:
-21.9
-44.7
-18.8
-23.4
-36.6
-28.7
-25.9
-34.6
-32.4
-47.8
-57.3

-2.0
-2.1
0.0
3.1
9.8
-0.8
-8.6
-2.2
7.8
10.4
-0.3
-4.5
2.1
5.8
-1.5
1.7
10.4
:
-2.9
4.4
2.4
-3.6
-4.8
-2.5
5.5
-2.5
10.2
-9.5
-4.6

11-17
05-00
06-07
05-24
02-08
08-14
02-11
04-07
04-00
01-08
04-18
06-01
05-18
07-00
06-08
04-07
01-06
:
01-19
10-22
09-21
08-10
02-08
08-00
03-15
11-17
09-02
12-21
02-10

7.5
7.6
17.0
29.0
36.6
18.1
6.9
25.4
33.6
52.6
14.5
11.7
30.5
38.3
16.0
23.7
63.9
:
11.3
61.8
23.9
15.9
12.8
20.1
26.7
45.2
34.7
10.8
22.5

-1.6
-2.1
-8.2
14.6
7.6
3.3
-12.6
-23.7
3.7
32.4
:
-6.1
12.7
11.1
3.7
-1.0
4.2
:
-7.3
1.3
0.8
-0.8
-4.2
5.0
13.7
1.3
7.4
-9.1
4.0

-2.0
-2.3
-4.5
24.9
8.0
-5.6
-12.9
-21.4
-3.8
26.6
:
-8.1
-2.7
12.3
1.9
-0.3
4.3
:
-6.8
3.3
9.1
-5.6
-4.2
9.0
9.3
6.1
11.6
-19.9
3.5

-3.2
-3.2
-5.8
21.2
11.0
-3.9
-14.9
-17.5
-13.2
23.9
:
-6.6
4.1
13.0
4.9
-0.2
3.1
:
-7.6
-4.3
0.6
-5.4
-5.2
6.1
5.1
-13.1
5.8
-18.1
-1.0

-2.8
-2.5
-8.6
16.5
13.5
-1.8
-10.7
-13.1
-5.1
22.3
:
-12.0
7.5
12.5
1.2
-0.8
3.4
:
-7.5
-9.1
2.0
-2.0
-5.5
4.4
3.7
-9.6
12.3
-13.6
-2.3

-3.2
-3.8
-8.6
20.6
13.6
7.0
-10.9
-14.9
2.1
24.8
:
-11.6
10.7
7.0
2.3
1.7
1.5
:
-7.0
-3.9
-0.3
-12.9
-5.6
3.2
10.5
-9.7
12.8
-18.2
1.5

-3.0
-3.5
-9.4
22.1
5.5
4.2
-13.6
-13.1
6.4
44.6
:
-13.2
13.4
9.0
3.3
0.4
3.7
:
-7.6
19.8
6.8
-4.0
-5.1
4.1
9.7
-9.6
8.8
-9.9
4.4

-0.9
-1.4
-6.3
23.1
6.8
6.6
-14.5
-13.8
13.8
47.5
:
-8.7
16.3
16.2
1.0
-0.4
3.0
:
-3.6
8.4
7.6
0.7
-5.3
6.0
10.1
-13.9
12.0
-10.3
-1.8

-1.9
-2.8
-6.4
20.1
5.2
4.8
-14.8
-17.4
2.1
43.3
:
-8.7
2.8
15.6
1.0
0.0
2.3
:
-8.4
20.6
0.9
-13.4
-2.9
4.4
10.7
-7.0
13.2
-21.1
1.6

-1.6
-2.3
-7.6
13.9
9.0
9.9
-16.9
-15.8
13.4
22.1
:
-10.0
-0.5
16.7
0.8
1.8
4.4
:
-3.1
26.2
1.9
1.8
-2.0
4.4
5.9
7.6
-2.9
-10.4
-0.6

-0.8
-1.5
-6.3
23.8
15.2
8.5
-15.2
-16.6
11.7
49.0
:
-9.8
14.7
17.0
0.7
-0.6
4.4
:
-5.3
1.1
3.0
-2.2
-1.9
4.6
5.6
-4.1
-10.6
-14.9
-2.2

-2.8
-3.8
-6.9
22.4
14.0
0.8
-18.6
-13.7
9.9
47.5
:
-6.9
11.5
13.3
0.2
1.9
5.0
:
-4.7
-1.3
3.5
-9.2
-2.0
3.0
1.8
-12.3
-8.5
-24.2
0.1

-4.2
-5.1
-9.6
24.6
11.3
1.1
-21.3
-16.1
1.8
38.7
:
-5.1
1.6
11.9
-1.9
2.5
5.8
:
-3.9
6.5
4.1
-9.6
-3.3
2.1
3.7
-12.6
-5.8
-28.3
3.3

23

T ABLE 5 (continued) : Monthly survey of retail trade (s.a.)
S inc e 2000 (*)
M in.
Da te
04-20
04-20
12-20
04-20
12-08
01-24
04-20
03-09
07-09
06-12
03-09
03-09
04-20
08-05
04-13
07-09
07-09

Va lue
-8.4
-10.6
-15.9
-10.5
-15.8
-20.7
-11.5
-36.3
-49.2
-34.6
-18.5
-31.4
-16.7
-20.1
-34.8
-21.4
-47.6
:
:
12-09
-1.8
06-25 -49.8
11-10
-18.7
12-11
-3.0
10-02
-7.4
07-03 -22.9
01-16
-16.5
07-16 -35.6
07-09 -29.0
03-15 -47.0
07-05
-15.6

S ELLING–P R IC E
EXP EC TATIONS
(Que s tio n 6)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

UNC ER TAINTY (n )
(Que s tio n 41)

EU
11-19
EA
11-19
BE
05-24
BG
07-25
CZ
10-25
DK
02-22
DE
11-19
EE
06-21
IE
01-26
EL
10-21
ES
02-24
FR
08-25
HR
07-19
IT
11-21
CY
03-19
LV
01-26
LT
01-26
LU :
HU
03-21
MT
10-23
NL
09-21
AT
01-26
PL
08-25
PT
11-24
RO
11-22
SI
08-21
SK
07-24
FI
01-20
SE
09-19

9.8
12.1
16.5
-14.5
8.3
-5.5
19.1
17.8
-2.0
-7.0
-7.4
27.4
-20.0
32.7
29.6
18.9
-1.1
:
-10.8
-18.9
-9.6
15.5
0.5
5.2
8.2
14.5
3.0
6.0
9.0

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

11.1
10.1
10.5
14.0
8.5
4.0
16.1
34.5
18.0
7.8
9.2
0.8
8.6
10.1
13.4
20.9
11.0
:
33.7
16.3
9.2
19.7
16.6
10.6
27.5
12.2
18.7
10.0
20.0

Da te Va lue
06-22
58.0
06-22
57.4
04-22
64.7
08-00
63.9
03-22
54.1
05-22
58.9
06-22
78.8
06-22
89.4
05-22
86.1
11-21
73.8
06-22
57.6
01-23
43.2
02-22
69.2
10-22
53.0
05-22
72.8
04-04
58.3
04-11
57.0
:
:
06-00
80.1
08-22
94.2
10-22
57.1
10-22
78.9
05-22
42.4
10-22
44.2
06-22
67.9
03-22
56.8
06-22
73.0
04-22
79.0
09-22
81.0

May
15.8
14.5
16.2
11.3
5.6
11.6
19.2
62.7
46.9
10.8
:
2.0
27.9
14.5
32.0
19.8
20.6
:
23.8
33.5
10.6
33.5
15.1
9.7
44.1
29.7
21.0
10.0
25.9

J un
16.6
15.8
11.4
19.5
13.7
4.6
23.2
70.3
36.8
24.3
:
2.4
15.9
14.8
35.2
18.7
21.1
:
25.3
-49.8
10.3
24.8
14.6
9.0
35.6
-18.5
16.0
15.0
26.6

J ul
17.2
16.4
23.8
21.3
10.9
3.9
24.7
70.4
35.7
12.4
:
2.3
11.6
11.8
35.5
19.0
24.2
:
21.8
12.6
12.7
32.2
13.9
8.3
53.3
3.3
20.0
0.0
27.7

Aug
16.5
16.5
23.9
11.1
10.5
3.1
21.7
51.0
45.9
9.6
:
4.2
3.8
13.2
32.6
18.7
21.6
:
18.2
11.7
11.2
35.1
13.8
8.3
59.3
6.3
17.0
12.0
15.8

Sep
16.9
16.8
15.2
22.8
9.4
9.5
22.5
45.7
61.2
19.6
:
4.7
14.6
11.0
34.8
18.3
20.8
:
23.7
23.8
12.6
40.3
13.7
6.8
45.9
27.0
17.0
6.0
24.2

Oc t
16.8
16.2
17.5
12.5
4.5
27.2
25.7
40.4
55.4
12.8
:
1.6
12.5
11.0
36.5
17.1
19.2
:
24.1
8.8
11.5
34.9
14.1
5.7
37.7
6.3
27.0
11.0
19.9

No v
18.5
18.6
11.1
24.3
7.7
3.6
28.4
40.2
56.8
11.2
:
6.0
14.6
12.0
36.9
20.4
22.6
:
20.5
16.4
14.1
29.9
12.8
6.6
44.3
28.8
23.0
2.0
10.4

De c
17.8
18.3
20.4
22.0
8.3
-3.0
23.9
36.4
65.7
21.4
:
5.1
14.4
14.6
40.4
21.6
25.5
:
22.8
25.5
11.1
40.0
14.3
8.2
33.4
28.1
19.0
24.0
21.8

J an
16.5
17.1
22.8
17.9
6.9
-9.8
24.3
36.5
66.5
23.9
:
4.5
27.4
11.1
34.4
22.3
27.4
:
25.5
35.5
14.0
23.0
15.0
8.3
47.8
29.1
33.0
16.0
17.1

Feb
16.7
17.9
21.0
20.5
5.6
-10.5
26.9
36.0
59.9
29.0
:
6.0
15.4
12.7
42.7
18.7
24.5
:
24.2
15.1
9.8
28.2
14.4
8.8
45.1
14.9
31.0
20.0
7.3

Mar
20.1
20.7
26.7
33.2
12.6
1.9
30.8
35.8
62.9
30.6
:
5.6
28.6
15.9
41.3
29.1
24.1
:
31.9
13.1
9.7
36.7
15.1
13.8
50.4
33.9
35.0
28.0
7.4

Apr
27.7
28.1
26.4
39.8
7.7
15.5
40.1
58.9
81.3
37.8
:
8.2
29.7
20.9
46.7
31.8
27.6
:
46.7
41.8
20.8
40.9
17.4
15.6
48.9
39.2
39.0
48.0
18.6

30.6
32.6
30.1
4.8
28.5
17.9
43.5
35.5
21.5
18.1
16.1
36.4
9.4
42.0
62.6
30.3
12.4
:
23.5
23.3
8.8
37.5
12.4
13.8
21.7
37.2
22.6
37.2
29.8

04-20
04-20
11-22
11-21
11-22
12-22
04-20
11-22
07-22
09-22
11-21
04-21
03-22
11-22
04-22
02-21
01-23
:
08-21
07-21
10-22
02-24
01-21
10-22
03-26
03-25
04-26
03-26
09-22

29.2
30.9
24.8
-11.8
18.5
22.3
45.6
35.0
7.5
29.0
:
33.6
18.0
39.2
50.3
20.7
9.9
:
29.0
30.9
14.3
25.2
2.6
13.1
21.0
48.1
37.5
38.5
33.3

29.1
30.7
33.7
-2.4
17.5
22.3
45.3
33.7
21.6
22.6
:
35.0
19.1
36.3
60.5
19.8
9.9
:
30.0
16.8
10.1
21.9
2.2
11.0
28.7
35.6
38.0
39.0
32.1

28.2
29.5
25.8
-14.5
17.9
18.9
43.3
32.0
24.1
28.6
:
30.8
10.7
40.0
58.8
21.5
10.8
:
31.3
22.8
9.5
23.4
2.5
11.7
29.3
45.4
34.0
37.0
33.5

27.2
28.6
26.7
-11.2
23.9
20.6
43.8
29.8
7.2
30.5
:
27.4
8.0
36.8
62.1
22.8
10.4
:
31.3
12.2
11.5
24.7
0.5
11.7
28.0
37.2
36.5
56.0
27.7

29.1
31.2
25.3
-2.0
11.1
15.3
45.2
30.3
19.8
33.4
:
35.5
5.6
38.4
60.0
19.9
10.9
:
28.8
10.6
10.6
24.0
1.2
9.4
25.3
34.8
36.5
48.5
30.7

29.2
31.5
30.7
-9.0
8.3
20.4
45.3
28.2
16.0
21.1
:
36.9
11.0
40.0
57.3
22.9
10.2
:
27.1
17.0
9.3
23.8
0.7
10.1
25.6
35.6
33.0
44.0
24.3

28.5
30.5
35.0
2.9
15.6
21.0
45.1
29.1
10.3
26.0
:
35.4
-6.7
36.6
58.9
23.9
10.2
:
23.8
-1.7
6.1
27.6
0.8
11.4
31.7
34.8
35.0
40.0
24.1

30.2
32.6
36.4
2.5
19.0
19.1
48.5
33.1
20.2
21.3
:
33.9
19.4
40.0
61.0
22.5
11.2
:
24.3
-4.4
12.1
23.9
0.6
10.0
28.4
44.8
40.0
46.5
21.8

28.4
30.6
29.3
-1.1
15.5
17.7
46.2
34.4
-2.0
30.1
:
35.5
8.3
40.0
54.0
18.9
-1.1
:
23.6
-14.2
6.7
15.5
2.7
9.5
27.4
34.5
40.0
40.5
20.7

28.1
30.2
31.1
-4.0
14.5
12.7
46.1
30.7
2.0
27.9
:
33.2
4.8
40.3
63.0
22.5
3.0
:
28.7
17.1
3.0
22.6
2.1
8.8
27.1
34.8
37.0
37.0
26.1

30.7
32.4
26.1
-8.9
13.3
23.4
50.7
34.4
0.6
24.8
:
33.3
-9.9
38.6
73.3
26.8
4.6
:
30.4
-3.7
8.6
36.5
4.8
13.2
39.9
35.9
45.0
59.5
29.0

33.3
35.1
32.8
-6.3
35.1
17.6
50.8
32.5
17.3
28.4
:
34.2
13.1
47.8
66.4
22.5
6.5
:
26.1
21.6
11.1
26.7
4.3
15.3
39.3
33.3
45.0
58.0
33.6

Ave .

50.9
53.2
49.6
27.1
43.7
39.3
60.0
44.3
53.9
48.2
38.9
45.5
36.0
55.9
80.6
55.1
27.0
:
40.6
65.4
23.4
55.0
33.3
25.7
39.9
52.2
45.0
59.5
51.0

In the ta ble s : (s .a .) = s e a s o na lly a djus te d, (n) = no t s e a s o na lly a djus te d, : = no t a va ila ble .
(*) M inim um , m a xim um a nd a ve ra ge s a re c a lc ula te d o ve r the pe rio d o f a va ilibility whic h is no t ne c e s s a rily a s fro m 01/2000.
(a ) The indic a to r is the a rithm e tic a ve ra ge o f the ba la nc e s (%) fo r the pre s e nt a nd the future bus ine s s s itua tio n, a nd fo r s to c ks – with inve rte d s ign.
(b) Highe s t figure is c o ns ide re d a s a m inim um , lo we s t figure is c o ns ide re d a s a m a xim um .

24

T ABLE 6 : Monthly survey of construction industry (s.a.)

(a )

S inc e 2000 (*)
M in.
C ONS TR UC TION
C ONF IDENC E
INDIC ATOR (a )

Da te
Va lue
E U 04-09
-36.2
E A 04-09
-34.8
BE
01-15
-24.5
B G 10-09
-56.8
CZ
04-13
-54.1
D K 09-09
-55.9
DE
01-02
-52.2
E E 04-09
-73.4
IE
04-08
-72.5
E L 04-20
-87.4
ES
10-13
-70.0
FR
04-15
-46.4
HR
03-10
-50.3
IT
02-10
-43.7
CY
04-13
-76.6
LV
07-09
-76.9
LT
05-09
-90.7
LU
01-03
-61.2
H U 04-09
-56.1
M T 04-09
-50.4
NL
12-12
-47.5
AT
02-01
-61.6
PL
01-02
-66.6
PT
10-12
-63.7
R O 03-00
-46.7
SI
03-10
-62.3
SK
11-12
-57.4
FI
06-09
-57.1
S E 07-03
-67.1

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

-10.9
-10.0
-7.2
-18.2
-15.5
-13.9
-16.0
-3.3
3.9
-23.4
-10.0
-5.3
-8.8
-13.7
-19.5
-17.3
-23.7
-9.2
-15.1
-6.5
1.0
-9.1
-27.5
-20.9
-15.4
-3.2
-21.2
-10.4
-5.2

Da te Va lue
11-18
7.8
12-21
9.5
03-22
9.1
03-08
20.0
12-04
5.4
05-06
16.2
11-18
20.9
05-06
46.4
03-00
48.9
03-00
37.2
07-00
38.3
09-00
42.9
03-19
22.1
07-23
9.3
11-03
38.6
01-07
18.5
03-07
11.5
09-17
44.0
08-18
30.8
12-25
51.9
12-17
41.7
06-21
26.8
02-08
-0.7
06-25
4.8
12-07
1.9
04-07
27.5
07-06
5.1
03-07
27.5
04-07
50.5

May
-4.7
-2.9
-8.3
-2.2
-3.8
-11.3
-16.1
-17.8
22.1
16.9
18.1
-12.1
17.4
2.3
5.3
-7.8
-9.6
-24.5
-27.5
16.8
17.0
-19.1
-17.9
4.1
-8.8
6.2
-9.2
-30.8
-10.3

J un
-4.2
-2.5
-7.6
2.5
0.5
-9.6
-13.7
-17.2
17.7
22.9
16.7
-12.2
13.4
3.6
7.8
-8.4
-10.6
-21.5
-30.7
46.5
17.7
-18.7
-18.6
4.8
-9.2
4.1
-2.1
-32.1
-11.8

J ul
-5.0
-2.8
-7.2
5.0
-0.4
-11.8
-12.9
-10.8
27.2
19.0
18.5
-14.5
16.5
3.6
13.7
-8.8
-12.5
-22.3
-29.7
-4.0
19.1
-16.4
-17.7
3.2
-9.6
6.5
-5.8
-36.2
-19.1

Aug
-5.2
-3.2
-9.0
5.4
1.0
-10.2
-12.6
-11.9
10.9
26.1
8.8
-13.9
13.3
1.0
8.5
-9.1
-14.1
-18.8
-26.6
-10.4
17.3
-17.8
-18.2
2.7
-9.8
4.3
-6.5
-26.2
-12.3

Sep
-5.0
-3.0
-8.7
1.1
2.3
-10.6
-14.9
-9.2
14.4
12.6
16.2
-13.9
12.0
2.1
5.1
-7.3
-13.0
-21.4
-26.1
6.6
18.0
-16.9
-17.4
2.5
-10.8
12.8
-4.7
-21.9
-16.8

Oc t
-4.2
-2.2
-9.0
2.5
-0.6
-9.1
-13.6
-7.4
19.1
7.6
20.1
-15.2
13.8
4.7
10.7
-4.5
-10.9
-13.9
-24.7
-3.6
17.9
-14.1
-17.4
3.3
-10.8
10.3
-4.3
-25.0
-11.6

No v
-2.9
-1.2
-9.3
2.3
-4.1
-10.8
-12.4
-6.6
21.7
13.4
22.1
-16.6
15.8
4.3
13.9
-5.6
-9.3
-17.9
-24.7
43.4
18.7
-14.5
-17.1
3.9
-10.9
14.9
-3.4
-24.9
-2.0

De c
-2.9
-1.1
-6.6
0.5
-2.9
-10.6
-12.0
-4.1
20.6
15.8
19.2
-15.2
14.1
3.2
13.9
-6.5
-9.0
-17.4
-27.6
51.9
24.3
-18.8
-16.5
2.2
-11.7
12.4
0.4
-29.0
-9.9

J an
-3.4
-1.3
-10.8
-1.9
-5.2
-9.5
-11.2
-5.8
16.7
20.9
26.3
-16.4
13.4
-1.7
0.5
-7.3
-7.9
-17.6
-25.5
45.0
21.2
-20.2
-16.5
3.0
-11.7
8.7
-5.2
-22.6
-17.0

Feb
-4.0
-2.2
-13.6
1.8
-2.2
-11.4
-9.8
-6.3
17.7
30.1
15.1
-16.7
12.8
1.0
4.4
-7.1
-6.0
-9.5
-22.5
-31.9
20.6
-25.7
-16.3
1.8
-11.2
7.6
-4.3
-23.9
-9.1

Mar
-3.4
-2.1
-13.8
2.0
-6.0
-6.4
-10.4
-7.0
21.3
21.5
14.4
-16.4
11.0
2.2
0.0
-3.6
-5.0
-12.4
-26.4
-14.8
22.1
-19.4
-15.6
1.9
-12.4
6.6
-3.9
-14.9
-2.8

Apr
-3.7
-2.4
-12.6
2.0
-3.1
-7.9
-12.3
-7.5
18.1
32.4
26.8
-18.0
11.4
-0.4
-1.5
-4.5
-5.2
-12.8
-22.9
15.1
18.1
-23.5
-15.9
3.7
-13.0
6.2
-4.4
-18.5
-5.5

Ave .

OR DER B OOKS
(Que s tio n 3)

EU
EA
BE
C o m po ne nt o f the
BG
c o ns truc tio n c o nfide ncCe Z
indic a to r
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

06-09
06-09
01-15
03-12
10-13
02-10
07-02
07-09
04-08
11-11
01-17
02-15
05-10
06-10
04-13
09-09
09-09
03-03
05-09
02-26
12-12
12-01
10-02
10-12
07-10
08-09
11-12
06-09
02-10

-45.8
-44.8
-35.0
-82.0
-68.8
-79.6
-65.1
-79.0
-64.9
-92.6
-77.6
-60.1
-64.1
-58.7
-94.5
-90.1
-96.2
-60.0
-69.5
-69.1
-54.5
-56.8
-85.3
-77.5
-59.2
-75.6
-79.3
-71.7
-75.3

-19.0
-17.3
-14.3
-37.5
-24.0
-24.8
-23.8
-12.0
3.8
-41.8
-10.0
-14.0
-23.1
-25.5
-36.1
-32.1
-44.4
-13.4
-25.5
-17.9
-2.8
-14.7
-45.7
-33.9
-27.2
-8.9
-34.2
-16.7
-16.0

12-21
12-21
07-22
07-25
12-04
07-06
07-18
06-06
03-01
08-25
02-05
07-00
06-24
07-23
12-03
01-07
09-07
12-21
08-18
01-26
12-17
09-21
04-19
05-25
07-07
08-04
08-18
10-07
05-07

4.2
7.5
4.3
-4.3
12.0
17.3
26.5
54.7
62.3
43.5
56.0
50.3
13.7
6.8
48.3
6.9
-3.8
38.5
38.4
45.4
41.9
29.2
-17.0
0.0
-9.9
33.9
-2.6
29.5
45.2

-12.7
-10.5
-14.1
-14.5
-14.7
-20.7
-30.1
-30.1
15.6
-5.0
30.8
-26.0
6.4
-2.2
-8.8
-18.1
-32.6
-35.9
-45.8
4.9
13.3
-27.5
-29.5
0.0
-15.9
-0.7
-25.0
-48.6
-20.0

-14.0
-11.6
-16.3
-4.7
-8.6
-20.1
-28.0
-27.6
14.4
3.8
14.9
-26.5
5.8
-1.7
5.6
-20.7
-32.3
-37.1
-49.8
7.6
14.2
-25.5
-30.5
-1.1
-16.0
-2.8
-8.9
-52.4
-26.1

-14.5
-12.0
-17.5
-4.3
-9.5
-21.2
-26.7
-21.2
23.7
29.5
20.0
-29.4
10.0
0.9
14.9
-19.5
-35.9
-39.6
-49.9
-9.9
13.2
-22.5
-29.3
-3.5
-16.1
0.9
-13.6
-57.2
-29.9

-15.8
-12.9
-16.5
-4.5
-9.3
-19.1
-25.5
-20.3
8.8
43.5
-2.5
-28.9
7.1
-4.8
3.9
-19.0
-37.1
-31.2
-44.9
-22.1
11.1
-27.8
-30.7
-3.1
-16.6
-2.4
-13.5
-40.2
-32.9

-14.8
-12.3
-17.4
-8.8
-8.3
-19.6
-30.0
-19.6
7.3
-13.9
20.7
-27.9
4.5
-2.8
2.3
-18.4
-37.7
-34.2
-43.4
-1.8
13.1
-24.5
-29.6
-3.6
-17.2
3.9
-12.0
-33.2
-34.5

-13.8
-11.4
-16.5
-8.4
-9.3
-19.5
-26.9
-19.8
12.8
-5.8
19.4
-28.4
8.0
-0.2
10.6
-16.1
-33.9
-30.0
-44.2
-45.3
12.2
-22.7
-29.9
-3.0
-17.3
2.8
-14.8
-41.3
-28.4

-13.9
-11.2
-20.2
-9.4
-8.9
-19.5
-28.1
-22.0
0.2
-2.2
20.0
-30.8
6.1
-3.0
13.6
-17.0
-32.7
-31.4
-42.7
30.5
13.9
-21.0
-29.4
-3.0
-18.0
5.4
-15.1
-40.6
-24.9

-12.8
-10.1
-16.8
-9.1
-10.2
-19.7
-25.2
-16.5
17.7
1.4
16.8
-29.3
4.7
-1.4
15.8
-17.4
-35.0
-30.1
-45.5
41.1
21.4
-28.0
-28.6
-3.8
-18.4
2.6
-9.4
-43.2
-34.5

-12.7
-9.7
-21.6
-12.1
-10.6
-18.9
-23.2
-18.4
6.8
4.7
24.7
-32.0
3.0
-7.1
0.0
-17.8
-28.5
-28.2
-41.1
45.4
20.3
-26.2
-28.8
-5.7
-18.6
4.9
-11.7
-38.8
-37.7

-12.8
-10.1
-22.6
-7.6
-9.5
-19.8
-21.4
-18.3
15.7
24.4
13.1
-31.8
-1.7
-4.5
2.2
-18.0
-25.8
-18.0
-38.1
-69.1
17.3
-30.4
-28.2
-5.6
-19.0
-0.9
-9.4
-41.9
-34.3

-12.3
-9.9
-21.7
-6.7
-13.6
-16.8
-21.5
-17.4
16.0
10.3
10.4
-31.1
0.2
-2.9
-5.1
-16.3
-27.3
-22.2
-44.6
-42.2
21.9
-22.6
-27.3
-5.3
-19.4
5.8
-9.8
-23.1
-28.0

-12.6
-10.4
-19.3
-6.4
-12.5
-16.7
-25.2
-16.9
14.9
36.2
25.2
-32.6
4.9
-5.0
-9.0
-17.0
-23.1
-26.8
-36.1
23.8
16.6
-30.4
-27.2
-4.2
-19.1
1.9
-12.9
-33.3
-28.3

EM P LOYM ENT
EXP EC TATIONS
(Que s tio n 4)

04-09
04-09
04-20
10-09
04-13
04-20
01-02
04-09
02-09
04-20
01-12
04-15
03-10
02-10
04-13
05-09
04-09
01-03
04-09
04-20
12-12
02-01
01-02
02-12
03-00
03-10
04-20
01-09
07-03

-28.5
-26.5
-21.1
-47.2
-41.0
-37.3
-48.3
-70.8
-91.9
-89.5
-75.5
-34.7
-36.6
-30.0
-58.6
-68.8
-92.8
-63.5
-43.5
-45.4
-40.5
-87.9
-53.5
-51.6
-48.1
-56.0
-54.0
-59.8
-65.9

-2.9
-2.8
0.0
1.1
-7.0
-3.0
-8.3
5.4
4.0
-5.0
-10.0
3.4
5.4
-1.9
-2.8
-2.5
-3.0
-4.9
-4.7
5.0
4.9
-3.4
-9.4
-7.9
-3.5
2.4
-8.2
-4.1
5.6

11-18
11-18
07-00
02-08
01-22
05-06
03-19
11-01
11-17
03-23
03-00
10-00
03-19
05-04
11-03
03-07
10-02
09-17
01-18
06-25
07-08
06-21
02-08
07-01
01-02
01-22
03-08
07-00
04-07

13.7
14.5
15.1
45.9
15.1
16.8
16.8
50.0
50.4
67.1
46.4
37.0
39.3
30.9
57.6
35.1
33.9
50.8
26.1
85.5
46.3
25.5
22.8
17.4
21.4
36.9
24.1
50.1
63.3

3.2
4.6
-2.6
10.0
7.0
-1.8
-2.0
-5.4
28.6
38.8
5.4
1.7
28.4
6.8
19.5
2.4
13.4
-13.1
-9.3
28.7
20.7
-10.8
-6.3
8.2
-1.7
13.1
6.6
-13.0
-0.7

5.5
6.6
1.1
9.8
9.5
0.9
0.5
-6.8
20.9
42.0
18.5
2.1
21.0
8.9
10.0
3.9
11.2
-5.9
-11.6
85.5
21.3
-11.9
-6.6
10.7
-2.4
11.0
4.7
-11.8
2.5

4.6
6.5
3.2
14.3
8.8
-2.4
0.9
-0.4
30.7
8.4
17.0
0.5
22.9
6.4
12.5
1.9
10.9
-5.0
-9.4
1.9
25.1
-10.3
-6.0
10.0
-3.1
12.1
2.0
-15.2
-8.4

5.5
6.6
-1.5
15.3
11.3
-1.2
0.3
-3.4
13.1
8.8
20.2
1.2
19.5
6.8
13.1
0.7
8.9
-6.3
-8.4
1.3
23.6
-7.8
-5.8
8.5
-2.9
11.0
0.5
-12.2
8.4

4.9
6.3
0.0
11.1
12.9
-1.7
0.2
1.2
21.6
39.2
11.6
0.2
19.5
7.0
8.0
3.9
11.7
-8.5
-8.9
15.0
23.0
-9.4
-5.2
8.6
-4.4
21.7
2.6
-10.5
0.9

5.3
6.9
-1.4
13.5
8.1
1.2
-0.4
5.0
25.5
20.9
20.9
-2.1
19.6
9.6
10.8
7.1
12.2
2.3
-5.2
38.1
23.6
-5.5
-4.9
9.6
-4.4
17.8
6.2
-8.8
5.2

8.1
8.8
1.6
13.9
0.6
-2.0
3.3
8.8
43.2
28.9
24.2
-2.4
25.4
11.7
14.2
5.9
14.0
-4.3
-6.7
56.2
23.5
-8.1
-4.9
10.8
-3.9
24.3
8.2
-9.2
20.9

6.9
8.0
3.6
10.0
4.4
-1.5
1.2
8.3
23.6
30.3
21.6
-1.1
23.6
7.8
12.0
4.5
17.0
-4.7
-9.7
62.6
27.1
-9.6
-4.5
8.2
-4.9
22.2
10.1
-14.8
14.8

5.9
7.2
0.1
8.3
0.2
-0.2
0.9
6.8
26.5
37.0
27.8
-0.8
23.8
3.8
1.0
3.2
12.6
-7.1
-10.0
44.6
22.1
-14.2
-4.3
11.7
-4.7
12.4
1.2
-6.4
3.8

4.9
5.7
-4.5
11.1
5.1
-3.0
1.8
5.7
19.6
35.8
17.0
-1.5
27.3
6.5
6.6
3.7
13.8
-0.9
-6.8
5.3
23.8
-20.9
-4.5
9.3
-3.5
16.0
0.7
-5.8
16.1

5.5
5.6
-5.8
10.6
1.7
4.0
0.7
3.3
26.6
32.8
18.4
-1.6
21.9
7.2
5.1
9.1
17.4
-2.5
-8.3
12.6
22.2
-16.2
-3.9
9.1
-5.4
7.4
2.0
-6.6
22.4

5.2
5.6
-5.9
10.4
6.2
1.0
0.7
1.8
21.2
28.6
28.3
-3.4
18.0
4.2
5.9
8.0
12.7
1.2
-9.7
6.3
19.6
-16.5
-4.5
11.6
-6.8
10.6
4.1
-3.7
17.3

EU
EA
BE
BG
C o m po ne nt o f the
CZ
c o ns truc tio n c o nfide ncDe K
indic a to r
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

#

25

T ABLE 6 (continued) : Monthly survey of construction industry (s.a.)
S inc e 2000 (*)
M in.
Da te Va lue
TR END OF AC TIVITYE U 05-20
-45.7
C OM P AR ED WITH E A 05-20
-48.4
P R EC EDING M ONTHS
B E 05-20
-60.5
(Que s tio n 1)
BG
11-09
-53.5
C Z 01-03
-9.7
D K 06-09
-43.2
D E 03-05
-41.2
E E 06-09
-46.6
IE
06-20
-86.6
EL
01-11 -72.0
E S 05-20
-69.4
F R 05-20
-68.8
HR
01-10
-52.3
IT
05-20
-66.9
C Y 09-04
-98.4
LV 07-09
-69.4
LT 06-09
-72.1
LU 05-20
-60.9
H U 04-09
-55.7
M T 07-09
-52.4
N L 03-10
-45.2
A T 05-20
-69.9
P L 05-20
-48.8
P T 04-12
-65.5
R O 06-00
-76.5
SI
10-09
-59.2
S K 04-13
-38.2
FI
05-09
-51.9
S E 04-09
-55.3

2025

2026

M a x.

-11

-10

-9

-8

-7

-6

-5

-4

-3

-2

-1

0

-3.1
-3.8
-3.2
-4.6
29.2
-2.5
-10.4
7.9
10.5
-7.4
-1.9
-0.1
-1.6
-9.5
-15.1
-3.5
0.2
-15.1
-14.5
2.4
1.9
3.8
-2.7
-13.2
0.6
3.4
9.6
1.6
3.6

Da te Va lue
09-06
15.7
09-06
14.6
08-10
12.7
06-03
33.1
02-08
60.5
02-07
20.1
02-11
19.7
03-02
49.4
08-18
63.8
08-25
56.9
09-06
49.6
04-00
49.9
03-19
35.0
05-04
20.9
11-03
53.0
04-07
32.2
05-02
62.2
02-00
44.5
06-18
30.8
06-25
65.1
04-17
36.2
01-18
28.9
04-07
25.2
06-00
12.4
01-02
78.2
01-07
48.5
01-07
44.3
12-03
39.9
09-10
54.1

May
-3.1
-3.1
-1.8
3.4
38.1
-1.9
-17.5
-11.8
28.9
39.0
15.5
-8.7
23.1
-0.2
3.0
2.7
-3.0
-22.6
-37.7
26.0
9.3
-10.3
-7.8
7.5
-1.3
8.0
11.1
-27.3
4.8

J un
-3.1
-2.6
-2.3
6.6
37.3
-2.8
-16.0
-15.3
6.9
45.4
11.1
-8.7
16.0
-0.3
10.2
1.1
1.5
-18.3
-44.3
65.1
11.1
-7.4
-8.0
10.3
0.6
3.7
25.9
-9.2
-1.5

J ul
-4.1
-4.2
-7.6
9.7
36.7
-4.0
-14.3
-4.5
27.7
47.7
-13.2
-11.5
15.5
-1.7
18.6
2.7
0.0
-17.3
-42.2
-48.0
17.6
-7.4
-8.0
9.5
-0.9
3.4
22.3
-22.0
-9.6

Aug
-3.1
-3.1
-6.5
8.7
38.2
-2.9
-14.8
-2.3
20.3
56.9
5.4
-11.4
5.0
-1.8
8.1
2.6
1.5
-17.2
-37.1
-5.3
8.3
-6.4
-7.6
7.9
-0.4
2.1
16.8
-20.9
-3.7

Sep
-2.1
-2.3
-9.0
9.4
39.5
-2.6
-13.7
1.6
20.8
38.8
-3.4
-10.2
10.2
1.5
10.9
5.8
2.3
-18.3
-37.9
33.4
9.0
-10.7
-8.0
9.5
-2.1
7.5
19.0
-5.2
-0.9

Oc t
-1.1
-0.8
-11.2
7.3
39.7
-4.5
-12.6
-3.2
18.2
15.8
26.0
-11.2
5.5
1.8
14.3
3.8
1.7
-17.1
-33.0
28.1
6.5
-3.0
-7.8
7.9
-3.6
9.6
20.1
-12.0
5.4

No v
-1.3
-1.6
-9.8
4.9
35.0
0.2
-13.4
1.5
12.2
10.0
15.2
-11.3
14.9
1.5
14.2
3.2
-0.7
-15.9
-33.9
33.4
19.5
-8.5
-7.4
6.3
-3.1
9.6
18.8
-12.4
12.3

De c
-1.4
-1.3
-2.8
4.1
34.5
-3.5
-12.7
-0.3
7.6
45.2
14.1
-9.4
11.0
-0.7
14.7
3.2
-3.1
-15.4
-36.5
43.7
19.7
-8.9
-8.0
6.5
-3.5
8.3
7.9
-2.2
15.0

J an
-1.4
-1.7
-12.5
3.0
32.1
-2.5
-11.4
3.6
31.9
46.0
-5.1
-10.0
6.0
1.7
3.8
1.7
-0.5
-15.8
-31.9
49.1
20.1
-7.7
-7.2
3.7
-6.1
8.2
10.7
-5.7
7.0

Feb
-2.1
-2.7
-6.7
0.8
32.6
-5.4
-14.8
1.9
22.8
35.9
3.7
-11.3
12.7
2.5
1.1
-1.5
-10.7
-12.9
-35.2
1.7
14.4
-8.1
-8.7
2.5
-4.2
10.1
7.9
-1.8
10.7

Mar
-1.7
-2.1
-7.1
4.8
30.9
-5.1
-13.7
1.3
29.9
37.5
17.7
-11.1
5.3
0.8
4.7
1.9
-7.0
-19.0
-35.7
29.2
9.0
-8.1
-8.1
-1.8
-5.3
18.0
8.0
10.5
13.7

Apr
-1.6
-1.9
-3.4
3.1
32.4
-7.0
-13.5
0.8
36.8
49.7
17.1
-13.3
7.1
-1.2
-2.7
0.8
-8.0
-15.3
-34.1
38.5
15.6
-8.0
-7.6
2.2
-3.8
5.7
9.9
-1.1
12.2

Ave .

P R IC E
EXP EC TATIONS
(Que s tio n 5)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

05-09
05-09
04-09
03-09
07-13
02-09
01-03
02-09
03-09
11-11
10-13
02-09
03-10
05-09
04-13
05-09
03-09
01-03
05-09
08-13
07-09
01-02
03-02
08-12
04-20
01-10
08-00
04-09
02-09

-31.5
-32.0
-16.3
-10.9
-31.1
-54.1
-30.8
-63.4
-101.0
-50.7
-41.5
-52.9
-25.4
-21.9
-64.2
-45.1
-55.4
-67.7
-23.0
-30.8
-18.8
-62.1
-24.5
-29.3
-13.6
-43.9
-40.0
-72.1
-73.1

1.4
0.9
3.2
11.9
16.0
-11.1
-4.7
20.2
18.3
-6.4
3.6
-11.3
9.3
4.1
9.6
22.6
18.8
-16.9
9.9
13.3
25.7
6.2
4.2
2.2
27.9
3.9
23.5
-3.7
-0.3

04-22
04-22
05-22
07-08
05-22
11-06
04-22
04-22
10-00
10-23
01-00
11-22
02-22
04-22
09-22
04-22
09-05
04-22
08-22
12-25
04-22
04-22
05-07
06-22
06-00
04-22
02-01
04-22
03-06

48.2
50.5
57.8
55.3
61.3
9.5
58.8
84.1
90.6
53.4
68.8
49.2
64.8
38.9
90.2
78.9
71.6
68.4
67.3
84.3
81.2
81.1
46.0
43.0
88.7
63.4
82.0
64.0
58.4

3.1
3.0
7.6
18.8
20.0
-9.1
-5.0
21.6
38.0
26.9
2.5
-11.8
15.0
7.9
23.8
26.8
18.6
-4.5
8.1
21.4
41.9
2.7
8.1
15.7
35.0
8.5
30.0
-20.1
-8.1

2.6
2.1
3.5
22.0
16.4
-7.3
-2.4
19.9
43.4
27.5
5.0
-12.6
12.3
4.2
22.7
27.4
17.4
-10.7
3.1
16.3
33.6
5.5
6.5
12.6
40.7
9.2
34.0
-25.4
-2.9

3.4
3.2
5.4
20.9
17.2
-6.1
1.4
29.2
31.1
14.9
4.8
-11.9
15.5
4.6
28.8
28.4
18.2
-7.6
7.6
12.3
37.9
3.4
7.4
12.9
52.1
11.0
26.0
-25.7
-11.1

2.7
1.0
4.3
22.4
16.2
-6.1
2.2
25.1
37.5
13.6
2.3
-12.9
8.0
3.7
22.7
26.7
18.2
-9.2
8.7
9.3
34.9
5.9
7.9
15.5
61.0
9.3
26.0
-21.2
-0.9

5.4
4.5
6.5
20.4
19.4
-7.3
4.5
22.0
46.8
17.9
6.4
-12.3
13.8
3.8
25.0
28.8
20.0
-9.4
8.5
59.5
36.8
4.0
8.4
14.7
50.4
13.2
24.0
-20.1
0.3

7.4
6.8
8.0
16.5
21.6
-5.4
5.8
28.5
41.6
5.5
5.1
-14.7
15.6
5.2
24.8
29.4
22.1
-15.3
10.4
71.2
41.2
6.4
8.1
13.9
40.4
13.9
28.0
-8.6
2.4

8.7
8.0
4.4
24.0
19.6
-3.8
8.4
35.7
47.4
20.9
4.6
-14.9
23.7
4.0
31.5
30.0
23.5
-16.1
15.9
72.9
50.5
6.5
8.8
20.1
38.6
17.4
29.0
-2.2
6.6

10.1
8.9
8.2
28.2
23.7
-3.6
9.2
35.6
65.1
16.3
5.0
-13.2
26.7
4.4
31.0
34.2
24.0
-16.7
9.2
84.3
44.1
6.0
8.5
18.0
41.2
19.2
33.0
-15.2
14.5

10.0
8.8
5.1
27.4
22.9
-1.3
9.8
26.3
45.3
36.7
3.3
-10.9
22.4
7.1
28.3
35.4
31.5
-8.8
18.4
80.8
51.6
-0.9
8.3
25.7
42.2
16.7
35.0
-16.5
12.2

8.1
6.8
3.6
27.0
25.2
-4.1
10.5
40.9
51.1
32.3
4.0
-10.6
23.6
9.3
29.3
38.3
31.0
-11.1
10.3
57.9
42.8
4.8
9.5
19.5
37.6
23.0
30.0
-18.8
13.2

12.3
11.2
8.0
23.6
23.6
-4.4
19.6
41.6
60.2
28.2
10.1
-10.0
35.4
9.3
40.8
45.2
37.5
-3.7
13.2
7.6
51.5
5.9
12.9
23.5
46.7
25.3
33.0
-0.4
18.3

19.0
19.4
22.9
31.3
35.1
2.1
27.7
49.9
66.5
31.7
4.9
1.1
46.2
16.8
64.2
50.2
40.9
11.0
27.6
55.2
61.2
22.4
15.9
35.8
47.1
37.3
42.0
-5.9
13.5

UNC ER TAINTY (n )
(Que s tio n 41)

EU
EA
BE
BG
CZ
DK
DE
EE
IE
EL
ES
FR
HR
IT
CY
LV
LT
LU
HU
MT
NL
AT
PL
PT
RO
SI
SK
FI
SE

05-19
05-19
09-21
08-25
02-21
07-21
05-19
10-21
10-25
06-24
11-25
09-21
12-24
07-25
10-25
03-26
03-26
08-21
05-21
01-26
10-21
06-21
09-25
12-25
09-21
09-25
09-25
02-20
07-21

-14.5
-12.9
-12.0
-4.7
1.6
-19.0
-20.9
30.8
-24.7
-23.5
-15.6
4.2
-24.9
21.3
-12.0
16.2
10.3
-14.6
2.5
-42.2
-6.5
-12.9
26.6
-6.1
-13.7
0.0
16.0
2.0
-11.5

18.1
18.2
1.1
16.4
20.8
-6.4
24.4
44.0
-0.6
6.6
10.2
13.7
-6.4
29.5
34.6
29.8
27.4
22.3
29.4
15.0
15.2
20.7
38.1
4.4
-1.2
9.2
32.2
43.0
28.1

04-20
04-20
04-26
05-22
08-22
10-22
12-22
08-22
09-22
09-22
08-21
04-22
05-22
09-22
03-22
03-22
12-22
01-25
11-22
07-25
10-22
04-26
03-22
04-22
01-26
03-22
03-21
04-22
12-22

44.5
46.6
13.6
47.5
33.0
6.9
44.7
59.3
29.6
59.7
31.5
21.9
18.6
40.7
67.2
47.8
44.9
50.9
48.0
62.3
36.7
41.1
53.9
16.0
18.8
22.8
52.5
65.5
49.0

19.4
18.0
3.1
11.9
19.4
-1.8
31.5
40.2
-20.9
-2.2
5.0
15.0
-16.6
24.6
11.6
17.6
29.9
29.9
40.6
-8.3
12.2
30.2
30.5
-2.0
6.6
1.6
26.0
47.5
38.5

17.1
15.6
3.5
0.4
17.9
-6.4
26.4
45.4
2.4
-7.1
-7.8
13.0
-21.1
27.1
13.5
18.2
31.1
27.3
44.0
-27.1
14.2
20.6
31.2
-3.2
8.9
4.0
23.0
50.5
34.0

15.3
14.0
-0.9
3.4
19.3
-8.7
25.0
42.9
-20.5
-12.9
-5.1
14.2
-23.8
21.3
6.8
19.9
30.8
32.1
39.0
62.3
9.1
23.2
28.4
-1.2
11.4
2.8
23.0
49.5
26.6

16.2
14.8
-2.4
-4.7
19.8
-7.3
26.9
45.8
-16.1
-22.8
-0.4
14.6
-21.4
21.6
12.7
18.1
27.3
30.2
37.2
7.4
9.4
19.7
28.7
-1.1
10.3
2.3
26.0
45.0
32.7

15.8
14.6
0.9
2.7
15.1
-9.5
30.8
46.0
-4.0
-11.4
-7.3
12.9
-17.6
22.7
-6.0
16.8
26.7
33.6
40.2
12.8
10.0
18.8
26.6
-5.2
9.3
0.0
16.0
42.5
31.6

17.3
15.6
4.6
2.9
19.2
-2.6
31.6
43.1
-24.7
-10.8
-12.2
18.1
-15.3
22.5
-12.0
16.6
26.7
27.1
36.2
-23.6
11.4
30.1
30.1
-3.6
12.3
0.0
21.5
42.5
37.4

16.8
15.5
2.5
2.5
22.0
-4.0
35.2
40.2
-19.4
-12.1
-15.6
18.5
-13.7
22.8
-6.7
20.7
25.8
34.7
36.0
-30.9
7.8
27.8
29.8
-5.1
13.4
4.7
22.0
37.0
28.3

18.3
16.6
1.8
8.1
22.7
-2.6
34.9
40.7
-7.8
-11.4
-7.3
16.9
-21.9
24.2
0.9
22.4
25.9
30.8
42.5
-21.6
9.2
24.7
31.2
-6.1
17.1
5.4
24.0
34.0
35.0

18.9
17.8
3.9
8.5
23.8
-4.8
35.5
40.7
-19.4
-6.0
-2.5
16.8
-11.1
27.1
-1.7
20.4
11.0
21.2
39.5
-42.2
6.4
30.5
31.5
-4.0
18.8
3.0
30.0
38.0
25.1

19.5
18.5
3.6
4.8
19.3
-5.2
31.4
43.7
-18.1
-8.8
9.9
17.5
-12.7
25.6
-5.5
18.6
16.8
25.6
41.1
-14.8
7.8
23.0
31.0
0.9
17.4
7.7
30.0
33.5
29.5

18.3
17.1
-0.1
6.6
21.6
-5.0
33.3
41.6
-7.6
0.9
-8.0
17.8
-3.4
26.4
16.2
16.2
10.3
23.3
46.3
-6.8
10.8
21.5
29.8
-4.0
18.1
8.4
27.0
40.5
27.7

21.7
21.2
13.6
12.2
27.7
-1.1
41.1
48.1
15.7
-7.3
-15.2
13.6
-0.7
34.3
26.2
23.3
16.5
30.2
43.3
-31.1
25.5
41.1
29.4
-3.5
15.8
11.5
34.5
47.5
26.1

In the ta ble s : (s .a .) = s e a s o na lly a djus te d, (n) = no t s e a s o na lly a djus te d, : = no t a va ila ble .
(*) M inim um , m a xim um a nd a ve ra ge s a re c a lc ula te d o ve r the pe rio d o f a va ilibility whic h is no t ne c e s s a rily a s fro m 01/2000.
(a ) The indic a to r is the a rithm e tic a ve ra ge o f the ba la nc e s (%) fo r the que s tio ns o n o rde r-bo o ks a nd e m plo ym e nt e xpe c ta tio ns .

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