The Services Sentiment indicator is a monthly survey conducted by the European Commission to assess the business climate within the services sector. It tracks executive opinions on past business situations, recent demand trends, and expectations for future demand over the coming months. As the services sector represents a significant portion of modern economies, this indicator serves as a vital gauge for overall economic health and consumer spending patterns. A rising trend typically signals increasing economic momentum and business expansion.
The indicator is calculated as the arithmetic average of the balances of positive and negative replies to questions regarding the business situation, recent evolution of demand, and expected evolution of demand. The data is seasonally adjusted to provide a clearer picture of underlying economic trends.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 29, 2026 | — | 3.00 | — |
| Aug 28, 2026 | 5.80 | 4.90 | +0.90 |
| Jul 30, 2026 | 5.10 | 3.80 | +1.30 |
| Jun 29, 2026 | 4.20 | 3.00 | +1.20 |
| May 28, 2026 | 2.60 | 0.20 | +2.40 |
| Apr 29, 2026 | 1.40 | 3.50 | -2.10 |
| Mar 30, 2026 | 4.10 | 3.90 | +0.20 |
| Feb 26, 2026 | 5.00 | 7.50 | -2.50 |
| Jan 29, 2026 | 7.20 | 6.00 | +1.20 |
| Jan 8, 2026 | 5.60 | 5.90 | -0.30 |
| Nov 27, 2025 | 5.70 | 4.40 | +1.30 |
| Oct 30, 2025 | 4.00 | 3.30 | +0.70 |
| Sep 29, 2025 | 3.60 | 3.70 | -0.10 |
| Aug 28, 2025 | 3.60 | 3.90 | -0.30 |
| Jul 30, 2025 | 4.10 | 3.30 | +0.80 |
| Jun 27, 2025 | 2.90 | 1.60 | +1.30 |
| May 27, 2025 | 1.50 | 0.90 | +0.60 |
| Apr 29, 2025 | 1.40 | 2.20 | -0.80 |
| Mar 28, 2025 | 2.40 | 6.70 | -4.30 |
| Feb 27, 2025 | 6.20 | 6.80 | -0.60 |
| Jan 30, 2025 | 6.90 | 6.00 | +0.90 |
| Jan 8, 2025 | 5.90 | 5.80 | +0.10 |
| Nov 28, 2024 | 5.30 | 6.20 | -0.90 |
| Oct 30, 2024 | 7.10 | 6.60 | +0.50 |
| Sep 27, 2024 | 6.70 | 5.60 | +1.10 |
| Aug 29, 2024 | 6.30 | 5.20 | +1.10 |
| Jul 30, 2024 | 4.80 | 5.50 | -0.70 |
| Jun 27, 2024 | 6.50 | 6.40 | +0.10 |
| May 30, 2024 | 6.50 | 6.50 | 0.00 |
| Apr 29, 2024 | 6.00 | 6.50 | -0.50 |
| Mar 27, 2024 | 6.30 | 7.80 | -1.50 |
| Feb 28, 2024 | 6.00 | 9.00 | -3.00 |
| Jan 30, 2024 | 8.80 | 8.00 | +0.80 |
| Jan 8, 2024 | 8.40 | 5.00 | +3.40 |
| Nov 29, 2023 | 4.90 | 4.30 | +0.60 |
| Oct 30, 2023 | 4.50 | 3.40 | +1.10 |
| Sep 28, 2023 | 4.00 | 3.50 | +0.50 |
| Aug 30, 2023 | 3.90 | 4.20 | -0.30 |
| Jul 28, 2023 | 5.70 | 5.40 | +0.30 |
| Jun 29, 2023 | 5.70 | 5.50 | +0.20 |
| May 30, 2023 | 7.00 | 10.20 | -3.20 |
| Apr 27, 2023 | 10.50 | 9.40 | +1.10 |
| Mar 30, 2023 | 9.40 | 10.30 | -0.90 |
| Feb 27, 2023 | 9.50 | 12.40 | -2.90 |
| Jan 30, 2023 | 10.70 | 7.90 | +2.80 |
| Jan 6, 2023 | 6.30 | 3.50 | +2.80 |
| Nov 29, 2022 | 2.30 | 2.00 | +0.30 |
| Oct 28, 2022 | 1.80 | 3.20 | -1.40 |
| Sep 29, 2022 | 4.90 | 7.00 | -2.10 |
| Aug 30, 2022 | 8.70 | 8.70 | 0.00 |
| Jul 28, 2022 | 10.70 | 13.50 | -2.80 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jul 30, 2026 | 4.70 | 5.10 | +0.40 ↑ |
| Jun 29, 2026 | 3.20 | 4.20 | +1 ↑ |
| May 28, 2026 | 2.20 | 2.60 | +0.40 ↑ |
| Apr 29, 2026 | 0.90 | 1.40 | +0.50 ↑ |
| Mar 30, 2026 | 4.90 | 4.10 | -0.80 ↓ |
