Industrial Sentiment is a key component of the Economic Sentiment Indicator, focusing specifically on the manufacturing and industrial sectors. It reflects the level of optimism or pessimism among industrial managers regarding production levels, order books, and finished goods stocks. This indicator is highly sensitive to global trade cycles and is often used by analysts to forecast changes in Industrial Production and GDP growth. Strong industrial sentiment often precedes periods of capital investment and job creation in the manufacturing sector.
The indicator is derived from surveys of manufacturing firms, calculated as the average of the net balances of responses on production expectations, total order books, and stocks of finished products (with the latter inverted). The results are seasonally adjusted.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 29, 2026 | — | -8.00 | — |
| Aug 28, 2026 | -5.30 | -5.20 | -0.10 |
| Jul 30, 2026 | -6.10 | -7.00 | +0.90 |
| Jun 29, 2026 | -7.50 | -7.20 | -0.30 |
| May 28, 2026 | -7.90 | -8.00 | +0.10 |
| Apr 29, 2026 | -7.70 | -7.20 | -0.50 |
| Mar 30, 2026 | -7.00 | -8.00 | +1.00 |
| Feb 26, 2026 | -7.10 | -6.10 | -1.00 |
| Jan 29, 2026 | -6.80 | -8.10 | +1.30 |
| Jan 8, 2026 | -9.00 | -9.10 | +0.10 |
| Nov 27, 2025 | -9.30 | -8.00 | -1.30 |
| Oct 30, 2025 | -8.20 | -10.00 | +1.80 |
| Sep 29, 2025 | -10.30 | -10.90 | +0.60 |
| Aug 28, 2025 | -10.30 | -10.00 | -0.30 |
| Jul 30, 2025 | -10.40 | -11.00 | +0.60 |
| Jun 27, 2025 | -12.00 | -9.90 | -2.10 |
| May 27, 2025 | -10.30 | -11.00 | +0.70 |
| Apr 29, 2025 | -11.20 | -10.10 | -1.10 |
| Mar 28, 2025 | -10.60 | -10.50 | -0.10 |
| Feb 27, 2025 | -11.40 | -12.00 | +0.60 |
| Jan 30, 2025 | -12.90 | -13.80 | +0.90 |
| Jan 8, 2025 | -14.10 | -11.70 | -2.40 |
| Nov 28, 2024 | -11.10 | -13.20 | +2.10 |
| Oct 30, 2024 | -13.00 | -10.50 | -2.50 |
| Sep 27, 2024 | -10.90 | -9.80 | -1.10 |
| Aug 29, 2024 | -9.70 | -10.60 | +0.90 |
| Jul 30, 2024 | -10.50 | -10.70 | +0.20 |
| Jun 27, 2024 | -10.10 | -9.60 | -0.50 |
| May 30, 2024 | -9.90 | -9.40 | -0.50 |
| Apr 29, 2024 | -10.50 | -8.50 | -2.00 |
| Mar 27, 2024 | -8.80 | -9.00 | +0.20 |
| Feb 28, 2024 | -9.50 | -9.20 | -0.30 |
| Jan 30, 2024 | -9.40 | -9.00 | -0.40 |
| Jan 8, 2024 | -9.20 | -8.70 | -0.50 |
| Nov 29, 2023 | -9.50 | -8.90 | -0.60 |
| Oct 30, 2023 | -9.30 | -9.50 | +0.20 |
| Sep 28, 2023 | -9.00 | -10.50 | +1.50 |
| Aug 30, 2023 | -10.30 | -9.90 | -0.40 |
| Jul 28, 2023 | -9.40 | -7.50 | -1.90 |
| Jun 29, 2023 | -7.20 | -5.50 | -1.70 |
| May 30, 2023 | -5.20 | -4.00 | -1.20 |
| Apr 27, 2023 | -2.60 | 0.10 | -2.70 |
| Mar 30, 2023 | -0.20 | 0.20 | -0.40 |
| Feb 27, 2023 | 0.50 | 2.00 | -1.50 |
| Jan 30, 2023 | 1.30 | -0.60 | +1.90 |
| Jan 6, 2023 | -1.50 | -1.20 | -0.30 |
| Nov 29, 2022 | -2.00 | -0.50 | -1.50 |
| Oct 28, 2022 | -1.20 | -1.80 | +0.60 |
| Sep 29, 2022 | -0.40 | -1.00 | +0.60 |
| Aug 30, 2022 | 1.20 | 1.50 | -0.30 |
| Jul 28, 2022 | 3.50 | 6.00 | -2.50 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jun 29, 2026 | -7.70 | -7.50 | +0.20 ↑ |
| May 28, 2026 | -8 | -7.90 | +0.10 ↑ |
