Press Release: July 2009: The Economic Sentiment Indicator continues to recover

In July, the Economic Sentiment Indicator (ESI) for the EU and the euro area improved further, registering the fourth consecutive increase in both series since the trough in March. However, in both areas, the level is still far below the long-term average. The ESI increased by 3.9 points in the EU, and by 2.8 points in the euro area, to 75.0 and 76.0 respectively.