Eurozone Economic Sentiment Indicator rose strongly to 117.9 in June, up from 114.5. The ESI outstrips its long-term average and pre-pandemic level, hitting a 21-year high. Employment Expectation Indicator rose by 1.6 pts to 111.6, highest since November 2018. Industrial confidence rose from 11.5 to 12.7. Services confidence rose from 11.3 to 17.9. Consumer confidence rose from -5.1 to -3.3. Retail trade confidence rose from 0.5 to 4.5. Construction confidence rose from 4.9 to 5.1.
EU ESI rose 3.0 pts to 117.0, a 21-year high. EEI rose 1.2 pts to 111.5, highest since November 2018. At the country level, the ESI reached an all-time high in Germany (+5.0) and increased also in Italy (+2.1), the Netherlands (+1.9), France (+1.3) and Poland (+0.2). Of the six largest EU countries, only Spain saw a slight decline (-1.1).
