Press Release: July 2008: Economic sentiment declines significantly in both the EU and the euro area

In July, the Economic Sentiment Indicator (ESI) declined sharply in both the EU and the euro area. It fell by 5.8 points in the EU and by 5.3 points in the euro area, to 88.7 and 89.5 respectively. In both regions, the ESI recorded its largest month-on-month decline since October 2001 to reach its lowest level since March 2003.
Economic sentiment indicator (s.a.).