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Oct 1, 2017 - 1 The business confidence indices for France were revised compared to the September press release, causing
October 2017

BUSINESS AND CONSUMER SURVEY RESULTS Graph 1:

Economic sentiment indicator (s.a.)

120 110 100

90 80 70 60

Euro Area (EA) European Union (EU)

long-term av erage (1990-2016) = 100

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

2011

2013

2015

2017

source: European Commission services

October 2017: Economic Sentiment rises further in both the euro area and the EU In October, the Economic Sentiment Indicator (ESI) increased further, continuing the upward trend observable since autumn last year. The indicator increased by 0.9 points in the euro area (to 114.0), and by 1.1 points in the EU (to 114.2)1, reaching the highest levels since January 2001 (euro area) and June 2007 (EU). Euro area developments Improved euro-area sentiment resulted from marked increases in confidence in the industry, retail trade and construction sectors and, to a lesser extent, from an increase in confidence in the services sector. Only confidence among consumers remained virtually unchanged. Amongst the largest euro-area economies, the ESI rose strongly in Germany (+2.1) and, to a somewhat lesser extent, in Italy (+1.0), while it remained broadly stable in Spain (+0.3) and the Netherlands (+0.1) and decreased markedly in France (-1.6). Industry confidence (+1.2) remained on the steep upward trend that started in September 2016, thanks to managers' improved appraisals of the current level of overall order books and the stocks of finished products. Their production expectations, by contrast, worsened slightly. Of the questions not included in the confidence indicator, managers' assessment of past production improved markedly, while their views on export order books remained broadly unchanged. Positive developments in services confidence (+0.8) resulted from managers' improved views on all three components of the indicator, i.e. past and expected demand, and the past business situation. For the third month in a row, consumer confidence booked a fractional increase (+0.2) from a historically high level. Brighter assessments of the future general economic situation and, to a lesser extent, consumers' views on future unemployment contrasted with consumers' worsened saving expectations and flat expectations about their future financial situation. The marked rise in retail trade confidence (+2.5) was fuelled by more positive views on all its components: managers' expected business situation, their appraisals of the adequacy of the volume of stocks and, in particular, the present business situation. Also construction confidence (+1.9) improved markedly, fuelled by upward revisions in both managers' employment expectations and their assessment of the level of order books. Deviating from the other business sectors, financial services confidence (not included in the ESI) remained virtually flat (+0.1), resulting from markedly worsened assessments of the past business situation and past demand, which were offset by a strong improvement in demand expectations. Employment plans improved in all the business sectors: the increases were particularly marked in industry and construction, while less strong in services and retail trade. Selling price expectations increased in services, retail trade and construction, in line with higher price expectations among consumers. By contrast, selling price expectations of managers in the industry sector were revised downward strongly. EU developments The marginally more optimistic outcome for the EU ESI (+1.1) resulted from a marked improvement of sentiment in the largest non-euro area EU economy, the UK (+1.5); in Poland the indicator remained unchanged (+0.0). While confidence in industry, services and construction improved in line with the euro area, EU confidence in the retail trade sector remained broadly unchanged. As in the euro area, confidence stayed virtually unchanged among 1

The business confidence indices for France were revised compared to the September press release, causing an upward revision of the ESI for September of 0.1 points in

both the euro area (to 113.1) and the EU (to 113.1).

Economic and Financial Affairs

2

EU consumers and in the financial services sector. EU managers in industry, services and construction also reported upward revisions of their employment plans, while managers in the retail trade sector revised their employment plans downwards (instead of slightly upwards as in the euro area). Price expectations were in line with those for the euro area for the industry (down) and construction (up) sectors; however, prices were expected to remain broadly stable in EU services and retail trade. Quarterly survey results (conducted in October) In the euro area manufacturing sector, the estimated rate of capacity utilisation increased to 83.8% (0.6 points higher than in July), approaching the historical maximum value of 85.1% registered in April 2007. Consistently, the share of managers assessing their current production capacity as 'more than sufficient' (in view of current order books and demand expectations) decreased markedly (-2.5). On the external side, both managers' export volume expectations and assessments of their competitive position on foreign markets outside the EU over the past three months improved compared with the previous survey carried out in July (by 1.1 and 1.0 points, respectively). Finally, the estimated number of months' production assured by orders on hand improved marginally (+0.1) while managers' appraisal of developments in new orders improved markedly compared to July (+2.7). Results in the wider EU were broadly in line except for flat developments in the competitive position on foreign markets outside the EU over the past three months, and a decline in managers' appraisal of developments in new orders (-0.4). In line with the euro area, capacity utilisation in the EU increased by 0.7 points and now stands at 83.6%. Capacity utilisation in services decreased in both the euro area (by 0.6 percentage points to 89.6%) and the EU (by 0.5 points to 89.6%) in October compared to July.

10

Graph 2:

Industrial confidence indicator

Graph 3:

Services confidence indicator

20

5 0

10 0

-10

Balances, %

Balances, %

-5

-15 -20

EA long-term av erage

-20

-25

EA

-30

-30

EA

-35 -40

EA long-term av erage

EU

Graph 4:

20 06 2007 2008 20 09 2010 20 11 2012 20 13 2014 20 15 2016 20 17

Consumer confidence indicator

Graph 5:

5

EA long-term av erage

0

Balances, %

Balances, %

Retail trade confidence indicator

10

-10 -15 -20 -25 -30

EU

-40

20 06 20 07 2008 20 09 20 10 2011 2012 20 13 2014 2015 20 16 2017

0 -5

-10

-5 -10 -15 -20

EA EU

-35

-25

EA EA long-term av erage

EU

-30 2006 20 07 2008 20 09 2010 20 11 2012 20 13 2014 20 15 2016 2017

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

3 Graph 6:

Graph 7:

Construction confidence indicator

Financial services confidence indicator

5

45

0

35

-5

25

Balances, %

Balances, %

-10

EA long-term av erage

-15 -20

15 5

-25

-5

-30 -35 -40

EA

-15

EU

-25

EA EU 2006 2007 2008 20 09 20 10 2011 2012 2013 2014 20 15 20 16 2017

20 06 20 07 20 08 2009 2010 2011 2012 20 13 20 14 20 15 2016 2017

Graph 8:

EA av erage

Graph 9:

Price expectations in the EA

30

10

20

0

Employment and unemployment in the EA -10 0

Balances, %

Balances, %

10

10 0 -10

20

-10

30

-20

40 50

-30

Industry Services Consumers (1)

-20 -40

Industry Consumers Construction

-30 -40

-50

20 06 20 07 2008 2009 20 10 20 11 2012 2013 2014 20 15 20 16 2017

100 95 90 85 80 75 70 65 60 55 50 45 40

95

(1) Unemployment expectations (right-hand scale)

Max

Current value

Min

EA EU

BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Graph 11:

%

Capacity utilisation in manufacturing and services

90 85 80 75 70 65 60

1990

1992

1994

1996

EA - Industry

EA - Services

EU - Industry

EU - Services

1998

2000

2002

2004

70 80

20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17

Graph 10: Capacity utilisation in manufacturing (since 1990)

%

60

2006

2008

2010

2012

2014

2016

Balances, % (inverted scale)

40

20

4

TABLE 1*:

Indicators of confidence and economic sentiment (s.a.) Since 1990 (*) Min. Max. Ave. Date Value Date Value

2016

2017

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

EU

1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI (n) 7. Financial services

03-09 03-09 03-09 12-08 06-93 03-09 01-09

-38.3 -30.2 -32.6 -26.2 -45.1 65.6 -20.0

-6.4 9.1 -11.5 -5.4 -18.6 100.0 13.9

10-17 06-98 08-00 10-15 12-06 05-00 04-06

7.8 33.6 1.5 9.6 4.3 117.3 43.3

-0.5 9.9 -5.8 4.8 -11.2 107.2 11.6

0.7 12.7 -4.7 4.7 -11.0 109.0 17.2

1.5 10.6 -4.3 2.8 -11.6 108.6 23.3

2.0 12.1 -5.3 3.3 -9.3 109.0 23.8

1.8 11.7 -4.3 4.1 -6.8 109.2 25.6

3.0 13.3 -3.4 5.0 -5.2 110.7 23.8

3.2 10.7 -3.3 3.1 -6.5 109.7 23.4

5.1 10.8 -2.2 3.7 -3.5 111.3 23.2

5.5 12.4 -2.3 6.0 -3.9 112.2 19.4

5.4 12.9 -2.3 1.6 -5.3 111.9 24.6

6.8 12.6 -1.6 4.2 -2.5 113.1 19.5

7.8 14.1 -1.6 4.4 1.9 114.2 19.3

EA

1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI (n) 7. Financial services

03-09 03-09 03-09 02-93 09-93 03-09 01-09

-38.1 -25.7 -34.7 -25.0 -45.6 68.1 -21.8

-6.2 9.6 -12.5 -7.8 -17.9 100.0 11.9

10-17 08-98 05-00 10-15 02-90 05-00 04-06

7.9 35.7 2.1 6.5 6.6 119.0 42.6

-1.1 12.2 -6.2 1.5 -12.9 106.6 11.1

0.0 13.0 -5.2 3.5 -12.1 107.8 13.8

0.8 12.9 -4.9 2.3 -12.9 108.0 21.5

1.3 13.9 -6.4 1.8 -10.1 108.0 20.8

1.3 12.8 -5.1 1.8 -9.9 108.0 23.8

2.6 14.2 -3.6 3.1 -6.0 109.7 21.2

2.8 12.8 -3.3 2.0 -5.6 109.3 20.3

4.5 13.3 -1.3 4.4 -3.5 111.1 23.2

4.5 14.2 -1.7 3.9 -1.8 111.3 17.1

5.0 15.1 -1.5 1.6 -3.3 111.9 25.6

6.7 15.4 -1.2 3.0 -1.7 113.1 18.8

7.9 16.2 -1.0 5.5 0.2 114.0 18.9

BE

1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI

03-09 04-09 02-09 01-09 11-95 03-09 06-93 06-10 04-09 07-09 10-09 05-93 02-09 09-09 03-98 02-99 02-99 01-99 02-09 02-13 10-90 11-11 10-09 02-09 03-09 12-02 04-09 01-03 12-02 03-09 03-09 02-09 04-93 06-09 04-09 03-09 : : 03-09 : : : 03-09 10-12 10-11 10-12 08-11 03-09 01-93 01-09 02-09 02-93 08-13 01-93 07-93 04-09 03-09 04-97 01-93 03-09 04-09 07-09 08-09 08-09 03-10 08-09

-33.8 -42.9 -26.5 -27.9 -35.1 68.8 -32.1 -13.6 -50.1 -14.8 -56.0 70.0 -35.6 6.4 -35.8 -1.3 -54.9 76.1 -34.5 -10.1 -11.8 -11.4 -50.0 67.5 -42.5 -19.9 -32.9 -37.4 -55.4 70.4 -39.1 -50.3 -56.3 -45.6 -76.0 66.9 : : -59.8 : : : -36.6 -46.0 -83.8 -48.4 -77.4 75.2 -43.2 -38.7 -47.6 -36.0 -69.3 71.4 -39.4 -28.8 -37.0 -27.2 -62.3 73.5 -28.6 -31.6 -51.5 -31.0 -49.2 76.0

-9.2 12.1 -6.8 -4.4 -10.4 100.0 -5.5 10.1 -33.0 14.4 -24.8 100.0 2.3 33.5 -10.5 15.0 -20.9 100.0 -1.4 5.6 8.4 6.2 -9.8 100.0 -6.8 18.1 -7.7 -10.4 -25.3 100.0 2.7 9.5 -15.1 8.2 -1.7 100.0 : : -9.6 : : : -4.6 8.2 -41.0 -2.2 -23.0 100.0 -9.2 10.8 -13.0 -7.5 -14.2 100.0 -7.9 -0.5 -18.2 -8.3 -15.8 100.0 -6.3 1.7 -30.2 -6.0 -25.3 100.0

06-07 08-07 12-00 10-10 02-90 06-07 01-08 03-07 08-01 08-94 11-07 04-07 06-00 02-07 03-17 11-07 01-05 02-07 09-94 05-10 03-15 04-15 11-06 05-10 02-11 03-99 11-10 12-90 07-17 09-90 12-06 01-06 04-06 04-07 05-06 09-06 : : 01-00 : : : 03-00 08-00 04-00 07-07 04-00 07-00 11-97 06-98 12-15 12-15 12-98 06-98 06-00 01-90 01-01 12-07 10-00 10-00 08-17 09-16 02-17 08-17 05-08 03-17

6.9 32.2 16.2 13.7 9.7 117.2 12.3 33.4 -13.0 31.8 23.9 120.5 29.8 52.6 7.2 29.5 5.3 117.5 16.7 28.6 21.9 17.0 24.2 120.1 16.0 50.1 10.9 22.3 14.2 119.0 28.5 38.3 12.8 35.6 48.8 118.9 : : 21.2 : : : 13.3 58.7 -5.8 39.0 32.5 120.1 7.1 54.0 5.4 17.0 39.5 116.4 14.7 16.2 3.3 8.8 44.9 119.0 14.3 25.9 -13.7 18.6 13.0 119.0

-4.6 19.1 -7.5 -7.2 -11.9 104.1 2.6 12.8 -25.6 17.0 -18.6 108.7 6.7 37.7 5.8 21.1 -24.3 109.4 -6.3 0.8 8.0 5.7 -6.2 96.3 0.1 22.5 -1.2 1.4 2.6 107.8 2.2 6.0 -3.6 12.9 1.6 102.6 : : 5.1 : : : -7.8 3.5 -66.9 10.9 -53.8 92.9 0.9 18.3 -2.2 11.3 -37.6 108.2 -4.4 -1.0 -10.6 -8.1 -19.9 103.4 3.2 23.4 -16.6 12.5 -4.0 114.3

-0.3 18.5 -5.4 -5.3 -9.1 106.1 1.7 10.6 -23.4 15.8 -13.9 108.1 6.7 37.7 5.5 19.7 -27.1 108.9 0.6 4.1 8.5 9.0 -4.8 102.4 2.2 23.2 -0.8 1.3 7.3 109.4 4.5 6.0 -3.3 13.8 9.5 104.0 : : 5.7 : : : -5.7 -3.1 -64.4 9.8 -44.0 95.1 -2.6 20.0 -2.7 12.7 -43.1 106.0 -3.3 2.3 -10.2 -2.1 -19.9 105.5 5.1 25.8 -14.9 10.7 -2.6 115.5

-1.2 21.1 -1.0 -8.8 -7.3 107.7 0.8 12.0 -23.4 16.8 -18.6 108.0 4.5 36.9 7.1 24.6 -26.6 108.4 -3.8 10.4 11.9 7.1 -4.0 104.3 2.3 21.5 0.2 -1.0 6.2 109.1 3.8 7.3 -1.7 12.0 10.0 103.9 : : 6.9 : : : -5.0 -3.2 -67.8 12.9 -45.3 95.1 0.1 18.8 -2.5 12.6 -56.7 107.4 -3.3 0.7 -8.6 -2.0 -16.5 105.0 6.8 21.8 -17.1 10.3 -4.2 115.3

-5.1 17.4 -4.3 -17.7 -7.4 103.2 0.9 12.8 -22.5 15.2 -21.2 108.4 3.8 35.1 7.1 24.3 -22.6 107.8 -2.7 7.7 13.5 0.6 -2.9 103.1 2.4 22.3 -2.1 -2.1 5.6 108.3 8.3 11.7 -1.8 8.0 11.1 106.5 : : 6.3 : : : -5.1 1.9 -73.3 1.9 -59.7 92.9 1.7 20.5 -3.8 10.5 -33.8 108.7 -1.4 1.9 -9.8 -2.2 -16.4 105.9 6.0 19.7 -13.7 7.8 -3.4 114.8

-3.4 11.9 -0.4 -16.5 -6.4 103.9 0.0 12.7 -25.3 13.9 -14.3 106.9 1.9 33.6 7.2 23.8 -23.5 106.5 -3.0 6.8 13.9 1.9 -3.2 102.5 3.6 20.8 0.2 -2.5 8.2 109.2 6.1 10.0 -2.1 10.7 15.5 105.4 : : 7.5 : : : -6.7 6.6 -74.4 2.7 -49.8 93.4 -0.9 18.4 -2.2 10.7 -40.7 106.9 -3.7 2.9 -9.8 -3.2 -16.7 105.1 12.8 23.5 -14.7 11.6 0.4 119.0

-1.2 12.6 0.3 -11.8 -4.9 106.2 3.2 12.9 -28.4 15.2 -16.1 107.6 1.8 37.7 7.1 19.7 -23.2 107.4 -0.9 6.5 14.6 8.2 -5.3 104.0 5.4 22.0 2.8 2.6 10.0 111.0 10.9 9.8 -3.5 11.8 12.8 106.6 : : 9.3 : : : -5.6 8.9 -72.2 3.0 -53.5 94.9 -1.3 22.9 1.3 10.6 -26.3 107.9 -0.9 1.6 -8.1 -6.9 -11.7 106.2 10.4 21.6 -21.4 11.8 1.6 116.4

-1.7 15.4 0.1 -6.6 -9.0 106.4 2.6 12.9 -28.9 16.4 -17.3 107.2 1.1 37.2 6.5 17.5 -24.0 106.9 -5.7 9.6 13.4 2.9 -4.2 101.7 5.3 17.9 3.1 -1.7 10.9 109.5 6.6 8.7 -2.4 14.1 12.8 105.3 : : 8.8 : : : -10.4 11.5 -69.7 1.5 -67.4 93.2 -1.0 24.4 1.9 10.1 -25.3 108.4 1.5 0.4 -7.0 -5.4 -9.8 107.6 6.9 21.3 -18.9 9.4 1.1 115.3

-3.0 20.2 -1.1 -0.8 -5.9 107.1 1.0 13.9 -25.8 16.1 -19.4 107.2 2.5 36.6 4.1 19.5 -20.3 106.9 1.4 10.2 15.0 1.8 -1.3 107.4 8.4 18.8 5.0 3.8 12.7 111.9 9.7 18.0 0.3 11.3 19.9 109.3 : : 8.7 : : : -7.3 9.0 -68.8 -3.4 -55.6 94.0 0.7 22.7 1.4 13.8 -22.5 108.9 2.1 0.6 0.5 -3.4 -7.6 109.5 7.2 23.7 -18.0 13.9 -1.9 115.8

-5.6 21.7 1.7 -4.0 -6.0 106.8 0.9 12.1 -25.2 16.3 -13.9 107.4 2.2 37.1 3.5 20.0 -23.8 106.6 7.7 7.4 16.6 2.5 -3.5 110.3 9.1 20.3 5.2 -0.1 14.2 112.5 11.3 17.7 -1.8 9.6 16.1 108.7 : : 10.9 : : : -2.7 17.4 -61.5 -1.3 -39.7 98.2 -1.8 24.3 2.0 13.0 -22.1 107.9 1.5 1.6 -3.8 -0.4 -2.2 108.9 11.9 20.5 -15.9 14.1 1.6 118.1

-5.6 12.9 4.0 -8.8 -8.3 103.8 3.1 13.9 -26.2 16.2 -13.4 108.9 3.4 37.1 4.5 22.7 -18.7 107.9 -0.5 9.2 14.7 -0.6 -4.6 104.3 9.5 20.3 3.3 -2.3 12.5 111.9 6.3 15.0 -1.3 9.5 17.5 106.7 : : 12.7 : : : -3.7 22.9 -57.0 -3.6 -49.2 99.0 -0.6 26.3 -0.2 9.1 -29.1 109.3 2.8 4.6 -4.2 -3.8 -2.3 110.8 14.3 19.8 -17.0 18.6 3.1 118.4

-4.5 13.1 3.7 -8.1 -7.9 104.8 3.0 12.5 -23.0 15.2 -12.9 109.4 3.7 37.9 6.3 19.3 -17.0 108.4 -1.1 10.3 16.2 -2.8 -4.9 105.3 10.8 18.7 3.9 -2.2 10.5 112.4 10.8 14.4 0.5 14.7 13.8 108.6 : : 12.0 : : : -0.7 15.3 -53.7 0.0 -36.9 100.6 2.1 25.0 -1.1 10.7 -19.4 109.9 5.3 5.9 -7.4 -2.2 -1.4 111.6 10.4 17.8 -18.0 15.5 1.9 116.4

-1.7 11.0 3.9 -7.4 -6.7 105.6 3.9 14.5 -23.5 18.3 -13.2 110.4 7.4 35.6 4.9 20.6 -17.4 108.7 4.0 8.7 14.9 8.4 -1.6 108.0 13.5 21.3 5.2 3.7 13.2 114.5 8.5 13.1 -0.3 14.1 9.7 106.8 : : : : : : -4.7 14.4 -54.0 2.0 -44.7 98.3 2.5 26.4 -1.4 10.6 -14.0 110.2 3.5 5.6 -9.5 -0.6 -0.3 110.0 10.5 19.6 -17.2 13.4 3.8 116.9

BG

CZ

DK

DE

EE

IE

(a)

EL

ES

FR

HR

5

TABLE 1* (continued) : Indicators of confidence and economic sentiment Since 1990 (*) Min. Date Value IT

CY

LV

LT

LU

HU

MT

NL

AT

PL

PT

RO

SI

1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI

1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI

03-09 09-12 06-12 04-99 09-93 03-09 04-13 04-13 04-13 04-13 04-13 04-13 04-93 03-09 07-09 02-09 07-09 04-93 04-09 03-09 01-09 04-09 05-09 04-09 03-09 : 12-08 : 03-94 03-09 03-09 03-09 04-09 03-09 04-09 03-09 03-09 03-09 04-11 06-12 03-09 03-09 02-09 03-09 02-13 06-09 12-12 03-09 03-09 04-09 04-09 03-09 04-96 04-09 03-09 03-09 08-01 03-03 02-02 03-09 04-09 10-12 10-12 12-08 10-12 04-09 09-92 06-09 06-10 07-09 09-99 09-92 01-09 04-09 09-12 03-09 03-10 04-09

-34.4 -24.3 -41.5 -65.4 -75.4 73.7 -37.4 -59.0 -64.4 -48.9 -72.7 67.5 -44.0 -43.9 -54.9 -35.2 -79.4 69.3 -41.4 -47.2 -56.1 -57.8 -92.9 67.4 -53.9 : -20.7 : -70.9 74.1 -34.7 -44.2 -68.8 -41.1 -56.0 66.4 -31.6 -22.0 -41.3 -19.6 -53.4 71.4 -25.4 -41.6 -30.6 -16.9 -47.7 65.9 -37.8 -24.9 -23.0 -26.4 -56.4 69.0 -29.1 -12.0 -40.1 -16.8 -67.9 76.5 -33.4 -31.5 -53.7 -32.1 -70.2 74.2 -22.2 -19.3 -63.3 -21.6 -60.4 69.1 -38.0 -28.9 -46.1 -21.6 -63.9 67.5

Ave. -4.5 3.9 -15.8 -11.7 -22.7 100.0 -3.2 2.0 -30.7 -8.1 -25.2 100.0 -7.6 4.4 -16.3 6.4 -25.2 100.0 -11.0 7.6 -14.9 -1.0 -32.9 100.0 -15.4 : 0.4 : -19.5 100.0 -2.8 -6.0 -31.3 -6.9 -17.2 100.0 -3.8 21.7 -18.8 1.2 -20.1 100.0 -2.5 6.4 0.2 10.9 -5.2 100.0 -4.9 14.5 -2.3 -7.4 -16.6 100.0 -13.8 3.3 -20.0 -2.6 -32.7 100.0 -6.2 0.7 -22.1 -3.5 -30.4 100.0 -1.9 12.0 -27.8 10.8 -14.4 100.0 -1.8 13.9 -19.6 11.6 -11.5 100.0

(s.a.)

2016 Max. Date Value

02-95 04-00 06-01 10-15 04-90 05-00 04-08 10-17 05-17 05-07 12-03 10-17 02-07 12-06 09-06 04-07 01-07 02-07 08-07 07-06 05-07 01-07 01-07 07-06 04-95 : 10-17 : 09-17 04-95 09-17 09-17 08-02 01-14 10-17 09-17 03-08 05-07 08-17 10-15 08-15 03-08 10-06 04-07 04-00 10-99 12-00 03-07 02-07 06-98 06-07 05-10 09-17 03-90 06-07 07-07 04-08 12-07 02-08 05-96 03-98 06-01 10-17 03-99 12-97 03-98 06-96 06-04 03-17 12-97 06-96 06-96 06-00 09-02 10-17 09-07 03-07 07-07

14.2 33.1 2.5 17.4 13.4 120.8 19.9 37.5 0.9 20.6 36.5 117.9 11.8 20.9 1.0 22.8 19.2 115.3 9.8 34.3 9.2 41.7 13.4 118.7 24.1 : 17.3 : 40.8 123.8 11.0 17.1 0.2 14.1 15.8 121.9 18.8 65.2 11.8 27.3 27.9 123.1 7.6 46.5 22.9 33.3 27.1 118.0 15.2 33.4 16.3 13.2 10.8 119.9 -0.5 22.7 -0.5 11.9 -0.7 124.2 8.4 24.6 4.6 12.8 1.9 117.1 27.3 56.2 -10.4 35.8 34.6 125.3 17.8 38.0 -0.6 38.2 27.8 120.7

2017

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

-3.3 8.4 -12.1 6.2 -18.2 104.0 2.8 20.2 -1.3 6.4 -27.8 113.7 -2.0 5.1 -13.0 4.5 -27.6 104.3 -1.2 8.8 -3.5 8.6 -20.2 108.8 -13.2 : 10.3 : 7.3 104.9 3.1 2.4 -15.0 3.7 -9.2 111.8 9.2 30.1 3.7 -14.3 -2.3 113.6 0.9 8.6 10.7 6.1 15.7 105.2 0.5 17.3 -8.6 1.3 0.6 104.7 -12.1 0.1 -9.1 0.8 -23.4 99.4 1.0 6.2 -7.7 2.9 -30.2 108.5 0.8 9.7 -15.1 0.5 -12.8 104.7 6.2 21.1 -10.0 21.3 -1.8 110.1

-2.0 5.8 -10.2 7.8 -18.0 104.2 -0.4 28.4 -1.2 8.5 -27.4 113.3 -1.0 6.5 -18.3 4.5 -24.4 104.2 0.6 14.9 -4.7 8.1 -21.3 110.8 -10.9 : 11.8 : 7.9 107.7 4.3 3.1 -14.0 7.7 -8.3 112.4 7.5 30.2 1.7 9.7 2.8 114.5 2.5 10.0 12.8 9.1 15.5 107.3 -1.8 19.1 -3.5 0.1 0.6 105.2 -10.4 0.9 -8.8 2.9 -22.1 101.1 0.6 7.9 -5.3 1.4 -28.6 109.3 1.0 7.8 -17.4 1.9 -10.6 103.8 7.0 21.3 -11.0 20.1 1.1 109.0

-0.7 9.2 -12.9 6.4 -16.9 105.5 0.3 30.0 -0.9 9.0 -24.9 114.1 -1.7 5.1 -17.3 4.9 -21.2 103.8 -1.2 11.9 -7.5 8.9 -24.8 108.5 1.4 : 10.9 : 11.0 113.9 4.9 5.6 -11.4 6.8 -5.3 114.3 7.0 23.9 0.1 0.7 -8.1 110.8 3.4 13.1 15.0 9.9 19.3 109.4 1.2 21.8 -2.6 -5.1 7.3 107.5 -10.1 2.6 -7.0 6.3 -21.4 103.1 1.6 8.5 -7.0 2.4 -29.1 109.6 1.2 10.1 -13.0 -1.7 -14.0 105.0 7.7 21.4 -4.9 8.5 -1.4 110.4

0.4 10.3 -14.6 9.8 -17.4 105.7 3.5 26.2 -3.2 4.9 -23.1 113.3 -1.1 7.4 -16.5 8.5 -16.9 104.9 -3.2 11.3 -10.0 10.3 -26.7 107.2 -6.5 : 9.4 : 5.3 108.5 3.7 8.0 -11.9 9.3 -1.0 114.7 6.5 32.8 3.8 15.6 -12.5 115.3 3.5 13.8 17.5 10.4 18.1 108.8 1.1 21.1 -1.5 -3.7 4.3 107.5 -10.6 3.1 -8.4 5.3 -21.3 102.4 1.6 10.8 -5.1 1.9 -24.8 110.6 0.7 8.0 -13.8 -1.3 -14.7 104.0 9.5 22.0 -8.6 17.5 8.3 111.6

0.9 7.6 -13.6 10.7 -17.6 105.6 10.4 26.1 -1.5 4.9 -29.4 115.8 -0.4 6.8 -14.0 6.6 -19.0 105.4 -5.4 10.9 -11.6 5.0 -23.0 105.9 -4.6 : 14.2 : 17.5 112.4 1.9 11.1 -11.3 9.9 9.0 115.7 8.8 25.4 3.1 7.8 8.5 113.8 3.8 13.3 16.8 8.3 21.9 108.7 2.4 21.5 -1.4 -1.4 6.7 108.2 -9.8 2.4 -7.0 4.6 -20.6 102.7 1.2 10.8 -2.7 -0.4 -25.6 110.9 0.9 8.5 -10.4 1.4 -15.5 105.4 10.7 24.8 -9.0 29.8 5.5 112.9

1.8 10.2 -14.6 13.4 -15.3 107.0 6.6 31.2 -3.2 6.3 -23.8 115.5 -0.7 7.4 -12.7 9.5 -17.1 105.7 -7.5 18.2 -11.6 3.2 -24.8 106.2 -3.5 : 14.8 : 13.2 113.6 5.5 11.9 -15.6 5.8 5.8 115.7 5.4 33.9 3.0 -1.7 6.2 114.6 4.7 14.6 16.5 8.5 20.3 110.1 1.9 24.0 1.1 -2.4 3.1 108.9 -8.8 3.0 -5.9 6.8 -19.9 103.8 2.9 9.0 -0.6 1.2 -23.1 111.6 0.1 10.5 -13.4 13.0 -12.8 105.2 9.3 25.1 -5.2 14.2 12.0 112.7

1.5 8.7 -15.7 14.4 -15.1 106.1 3.3 35.9 0.9 6.7 -27.3 116.1 0.1 6.5 -12.5 5.7 -11.4 105.9 -6.9 17.5 -11.7 2.3 -29.8 106.3 -5.0 : 16.6 : 16.3 112.3 4.6 14.7 -14.7 4.7 7.1 117.1 7.6 24.9 3.0 -2.0 13.0 113.2 3.3 12.2 13.6 9.3 18.6 107.9 2.0 25.6 4.3 -16.6 7.2 109.2 -9.2 1.3 -4.7 4.3 -19.4 102.9 1.3 18.3 1.1 1.2 -22.4 113.8 -0.1 13.7 -14.5 11.7 -11.4 105.9 5.8 22.6 -5.2 11.4 6.6 110.1

1.6 9.4 -16.3 10.2 -15.2 106.1 2.5 37.3 -0.8 6.5 -28.1 115.5 0.5 6.4 -8.9 5.1 -13.0 106.7 -3.8 15.7 -12.4 0.3 -28.2 107.0 -3.0 : 14.0 : 14.0 112.5 6.8 15.5 -14.0 7.8 8.6 118.6 11.8 21.3 9.1 -5.0 15.2 114.8 4.6 13.7 15.0 11.0 21.4 109.8 5.1 27.3 3.8 -4.3 6.8 112.7 -8.2 1.8 -4.8 5.7 -17.9 104.0 2.9 10.3 3.1 1.5 -21.0 112.4 0.3 12.7 -14.2 5.6 -13.0 105.4 8.5 23.2 -4.0 30.9 13.5 112.9

2.2 6.5 -16.2 9.6 -15.7 105.5 6.4 35.1 -1.2 6.3 -25.1 116.5 -0.9 5.3 -4.8 5.4 -10.2 106.6 0.1 17.9 -11.9 2.8 -21.7 109.8 -0.8 : 14.0 : 15.9 112.5 9.9 16.5 -14.8 6.6 11.1 120.8 2.4 29.7 3.2 -0.1 10.0 113.2 4.2 15.1 16.1 12.2 22.5 109.9 7.5 32.1 4.7 -7.6 9.8 115.2 -8.2 1.9 -5.6 5.0 -17.8 103.5 1.3 16.4 2.8 2.3 -19.2 114.2 1.2 11.2 -17.0 5.2 -12.6 104.8 7.7 23.2 -4.0 22.6 17.7 112.3

3.6 10.1 -12.1 8.0 -16.1 109.1 3.5 17.1 -1.5 5.8 -25.6 110.7 1.6 6.4 -8.0 5.6 -11.9 107.3 -0.1 17.4 -9.2 0.4 -24.0 109.9 3.9 : 14.0 : 14.0 114.7 7.2 14.9 -13.0 10.6 12.4 119.5 5.9 33.7 11.8 16.5 16.7 118.7 3.4 12.9 17.8 11.0 22.7 109.0 4.0 24.1 4.9 -6.5 10.0 110.1 -8.0 0.5 -4.9 4.9 -15.9 103.3 0.5 13.5 1.2 0.4 -20.2 112.0 1.1 10.4 -14.3 4.2 -12.4 104.9 7.5 24.4 -5.4 17.4 17.5 112.0

4.9 11.3 -6.6 11.5 -14.9 110.9 3.4 25.8 -0.9 6.3 -26.5 113.5 0.9 7.1 -7.0 5.5 -9.6 107.4 -0.8 20.3 -7.6 1.9 -24.2 110.5 -3.3 : 15.0 : 40.8 113.8 11.0 17.1 -13.6 11.1 13.3 121.9 6.5 34.8 8.3 8.3 24.3 118.3 5.2 15.4 15.9 10.1 20.7 110.9 6.9 29.6 5.1 -2.6 10.8 114.2 -7.0 2.0 -2.9 6.0 -14.8 105.4 2.2 17.5 0.5 1.9 -17.7 114.4 1.3 8.4 -15.0 14.8 -11.3 104.9 11.6 23.4 -4.5 19.1 17.9 114.1

5.6 12.5 -7.0 14.3 -15.3 111.9 7.9 37.5 -0.9 7.5 -28.3 117.9 2.7 7.6 -8.8 4.9 -7.4 107.8 -2.3 18.2 -9.2 4.8 -23.2 109.3 -0.7 : 17.3 : 15.9 115.8 9.2 13.9 -13.1 10.2 15.8 119.8 5.6 33.6 11.3 16.4 26.4 118.5 5.2 14.0 18.0 13.7 22.4 111.0 8.6 32.3 8.8 -6.6 10.4 116.2 -6.6 2.5 -4.8 6.6 -13.2 105.4 4.2 14.6 4.6 2.8 -19.0 115.6 2.6 12.0 -20.7 10.4 -14.1 104.6 12.3 26.9 -0.6 27.4 23.1 117.7

6

TABLE 1* (continued) : Indicators of confidence and economic sentiment Since 1990 (*) Min. Date Value

Ave.

(s.a.)

2016 Max. Date Value

Sep

Oct

04-09 -31.8 3.0 05-96 25.8 1.1 6.3 9.5 12.4 3.2 -0.3 1.8 -0.2 -1.2 5.2 3.3 05-09 -24.0 24.3 03-02 62.6 13.3 10.1 11.0 16.0 10.1 14.2 10.5 7.7 13.9 10.2 22.9 09-99 -49.0 -21.6 12-06 6.6 -7.3 -5.5 -6.7 -6.6 -7.0 -6.3 -3.4 -5.6 -4.5 -5.5 -3.4 03-09 -22.7 9.4 11-98 34.4 14.3 14.7 13.7 4.4 7.7 14.6 14.5 18.6 18.2 19.7 21.1 07-99 -86.1 -26.1 03-97 17.5 -11.9 -2.4 -5.4 -8.7 -7.8 -7.0 -9.0 -5.7 -6.1 -5.5 -4.6 04-09 64.5 100.0 05-96 123.2 101.3 103.9 104.6 106.6 101.6 101.6 102.6 100.8 102.1 104.0 107.7 03-09 -37.3 0.9 10-94 31.3 -3.5 2.4 3.6 1.5 3.9 4.2 7.7 8.8 9.6 9.3 11.0 FI 12-01 -47.6 14.2 09-00 51.1 13.6 16.0 17.7 17.2 18.6 22.9 23.1 25.4 21.3 23.1 26.7 12-08 -6.4 13.4 10-17 27.2 19.9 22.4 22.6 20.9 23.2 23.6 24.5 24.3 24.7 25.5 27.1 02-15 -30.0 -2.0 08-07 23.8 -8.3 -3.9 -8.3 -2.4 3.9 2.2 -5.7 4.6 15.2 21.3 21.8 09-91 -108.6 -18.3 06-98 36.5 -4.9 -2.3 3.8 3.3 -3.0 -1.6 -3.8 1.0 -6.7 -2.8 -4.8 04-91 72.4 100.0 11-94 122.3 101.8 106.0 106.4 105.6 106.9 107.3 108.5 109.8 110.0 110.6 112.3 03-09 -38.5 -3.5 09-17 20.5 5.3 14.8 12.4 11.7 7.9 17.9 15.0 16.3 17.0 13.5 20.5 SE 04-09 -26.3 20.3 02-11 53.0 29.0 33.1 30.2 29.5 28.0 26.2 27.4 27.0 27.7 29.0 26.1 12-08 -10.0 10.2 09-10 28.0 13.1 14.9 15.6 15.2 16.7 15.8 17.4 13.8 13.7 13.9 14.6 01-09 -38.3 11.3 01-10 47.6 15.6 14.2 11.3 14.6 13.1 11.6 10.3 18.0 17.3 14.4 11.6 12-93 -82.9 -20.5 08-07 47.6 22.0 22.5 23.4 26.5 26.9 22.3 31.2 26.3 23.4 31.5 32.1 09-91 76.7 100.0 01-11 118.0 109.1 112.8 111.8 111.4 110.3 112.5 112.5 112.3 112.3 111.0 112.8 03-09 -49.0 -8.3 07-17 16.0 5.7 4.1 7.7 9.9 9.7 6.6 9.9 13.0 16.0 12.8 10.7 UK 03-09 -57.4 4.5 10-97 36.1 -1.5 10.5 -1.8 2.6 5.4 8.5 -1.2 -2.4 3.3 2.5 -0.7 01-09 -35.2 -8.5 05-14 7.6 -6.9 -4.6 -5.1 -4.3 -4.3 -5.0 -6.1 -7.4 -6.5 -7.2 -5.2 01-09 -47.1 1.3 09-15 26.7 16.2 6.7 0.9 5.7 10.4 9.2 4.3 -3.8 11.5 -3.4 5.8 06-91 -79.3 -20.5 10-17 10.7 -6.4 -9.5 -8.9 -8.1 6.0 0.6 -11.9 -2.2 -11.6 -16.0 -6.5 03-09 63.6 100.0 06-14 119.1 107.1 108.5 107.1 109.4 110.2 110.5 108.2 109.3 113.2 109.6 109.2 In the tables: (s.a.) = seasonally adjusted, (n) = not seasonally adjusted, : = not available. (*) Minimum, maximum and averages are calculated over the period of availability which is not necessarily as from 01/1990. The economic sentiment indicator is composed of the industrial confidence indicator (40%), the service confidence indicator (30%), the consumer confidence indicator (20%), the construction confidence indicator (5%), and the retail trade confidence indicator (5%). Its long term average (1990-2016) equals 100. The reported ESI average is based on this standardisation sample. All confidence indicators are balances. The country weights have been updated in January 2017. (a) Business surveys for Ireland have been temporarily discontinued as from 05/2008.

8.7 11.0 -4.8 18.8 0.5 106.3 12.8 26.3 27.2 5.7 4.5 112.3 19.0 27.8 16.1 15.5 35.5 113.6 11.0 4.3 -5.5 -4.3 10.7 110.7

SK

1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI

Nov

2017 Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

7

TABLE 2: Monthly

survey of manufacturing industry (s.a.) Since 1990 (*) Min.

INDUSTRIAL CONFIDENCE (a) INDICATOR

PRODUCTION EXPECTATIONS (Question 5) Component of the industrial confidence indicator

ORDER BOOKS (Question 2) Component of the industrial confidence indicator

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

03-09 03-09 03-09 06-93 02-09 02-09 03-09 03-09 : 03-09 01-93 07-93 04-09 03-09 04-13 04-93 04-09 03-09 03-09 03-09 02-09 03-09 03-09 04-09 09-92 01-09 04-09 03-09 03-09 03-09 03-09 03-09 03-09 02-97 02-09 02-09 02-09 04-92 : 08-15 03-09 02-09 04-09 03-09 04-13 02-09 04-09 02-09 04-09 12-08 02-09 03-09 03-09 02-09 03-09 01-09 01-09 11-08 12-08 03-09 06-09 06-09 06-09 10-99 03-09 04-09 07-09 06-09 : 05-09 01-93 06-09 07-09 03-09 04-13 07-93 11-98 03-09 03-09 06-09 06-09 05-09 12-01 04-09 06-99 04-09 03-99 06-09 03-92 07-09

-38.3 -38.1 -33.8 -32.1 -35.6 -34.5 -42.5 -39.1 : -36.6 -43.2 -39.4 -28.6 -34.4 -37.4 -44.0 -41.4 -53.9 -34.7 -31.6 -25.4 -37.8 -29.1 -33.4 -22.2 -38.0 -31.8 -37.3 -38.5 -49.0 -33.3 -32.1 -35.3 -11.5 -49.0 -34.3 -41.0 -69.6 : -28.5 -28.3 -31.3 -18.6 -27.5 -53.2 -38.9 -34.8 -49.8 -47.3 -22.7 -25.9 -34.5 -19.0 -27.5 -25.9 -25.4 -32.1 -37.0 -30.7 -52.4 -62.1 -63.2 -56.8 -70.0 -56.8 -61.7 -63.7 -76.5 : -59.1 -63.9 -68.7 -62.2 -68.3 -67.7 -78.2 -78.9 -83.0 -68.5 -71.9 -45.7 -63.7 -85.2 -66.9 -51.9 -82.1 -69.6 -69.1 -70.6 -66.3

-6.4 -6.2 -9.2 -5.5 2.3 -1.4 -6.8 2.7 : -4.6 -9.2 -7.9 -6.3 -4.5 -3.2 -7.6 -11.0 -15.4 -2.8 -3.8 -2.5 -4.9 -13.8 -6.2 -1.9 -1.8 3.0 0.9 -3.5 -8.3 7.3 6.2 -2.3 22.0 19.0 10.7 3.7 14.9 : 18.5 3.1 5.5 16.3 11.2 6.7 12.2 10.9 -4.1 8.8 20.2 6.2 9.9 14.6 4.1 13.1 20.3 23.4 11.4 18.0 7.4 -17.2 -16.5 -19.9 -40.7 -4.0 -6.2 -15.9 -6.1 : -20.1 -17.1 -17.8 -34.2 -18.5 -29.1 -33.2 -37.8 -30.4 -15.9 -23.9 -8.7 -16.0 -52.7 -19.0 -14.9 -15.7 -10.7 -11.8 -21.8 -16.6

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

10-17 10-17 06-07 01-08 06-00 09-94 02-11 12-06 : 03-00 11-97 06-00 08-17 02-95 04-08 02-07 08-07 04-95 09-17 03-08 10-06 02-07 06-07 03-98 06-96 06-00 05-96 10-94 09-17 07-17 12-94 12-94 01-11 09-08 06-00 07-17 02-11 03-02 : 02-00 12-00 11-00 08-17 12-94 02-08 03-02 08-97 04-10 12-97 03-08 04-11 11-00 06-95 01-97 03-03 06-06 12-97 05-07 09-10 11-13 04-07 04-07 06-00 03-07 01-01 12-94 10-17 12-06 : 05-98 06-98 06-00 04-17 02-95 06-07 02-07 08-07 12-97 07-17 10-07 12-06 03-90 02-08 03-98 06-96 03-07 09-94 11-94 07-17 01-08

7.8 7.9 6.9 12.3 29.8 16.7 16.0 28.5 : 13.3 7.1 14.7 14.3 14.2 19.9 11.8 9.8 24.1 11.0 18.8 7.6 15.2 -0.5 8.4 27.3 17.8 25.8 31.3 20.5 16.0 23.6 22.3 20.3 43.9 54.7 31.6 27.0 67.5 : 44.3 17.7 26.8 46.0 34.3 37.8 41.8 35.9 36.1 36.2 58.2 17.4 32.4 34.1 21.3 48.1 43.3 62.0 41.0 50.2 36.0 8.2 10.4 10.7 -10.2 30.6 32.5 17.8 32.1 : 5.9 14.2 27.7 -6.9 14.5 4.6 -1.1 1.9 29.2 15.4 14.5 9.0 21.1 -28.9 10.5 50.9 23.8 49.0 42.1 19.1 14.1

-0.5 -1.1 -4.6 2.6 6.7 -6.3 0.1 2.2 : -7.8 0.9 -4.4 3.2 -3.3 2.8 -2.0 -1.2 -13.2 3.1 9.2 0.9 0.5 -12.1 1.0 0.8 6.2 1.1 -3.5 5.3 5.7 13.5 10.7 2.3 23.6 20.5 11.2 11.7 12.4 : 13.3 9.7 7.5 26.1 9.5 18.2 10.9 19.2 8.3 16.3 40.2 10.2 18.3 5.0 11.5 9.3 26.1 12.6 7.2 33.6 30.2 -10.2 -9.0 -13.6 -19.8 1.1 -23.2 -5.9 -7.3 : -20.5 -1.7 -15.2 -22.5 -14.7 -39.2 -19.8 -28.1 -27.5 -5.8 -2.9 -3.3 -12.8 -39.1 -6.8 -7.7 -2.6 -4.8 -14.7 -11.7 -6.2

0.7 0.0 -0.3 1.7 6.7 0.6 2.2 4.5 : -5.7 -2.6 -3.3 5.1 -2.0 -0.4 -1.0 0.6 -10.9 4.3 7.5 2.5 -1.8 -10.4 0.6 1.0 7.0 6.3 2.4 14.8 4.1 14.6 11.7 5.0 23.9 17.8 20.8 15.1 15.0 : 10.9 0.6 7.4 28.8 12.0 22.4 12.6 24.7 17.2 13.6 25.3 13.0 13.5 6.9 7.9 9.3 25.3 24.9 13.7 41.8 28.8 -8.0 -7.6 -3.5 -19.3 3.6 -14.7 -6.1 -7.6 : -21.4 -0.8 -11.4 -16.3 -12.7 -39.1 -20.2 -28.0 -26.1 3.0 -1.4 -1.6 -13.9 -36.3 -5.1 -6.6 4.7 -4.0 -9.8 3.4 -5.2

1.5 0.8 -1.2 0.8 4.5 -3.8 2.3 3.8 : -5.0 0.1 -3.3 6.8 -0.7 0.3 -1.7 -1.2 1.4 4.9 7.0 3.4 1.2 -10.1 1.6 1.2 7.7 9.5 3.6 12.4 7.7 15.9 13.9 6.5 20.7 17.6 22.4 14.7 11.8 : 12.5 12.1 10.8 28.7 12.9 19.3 13.6 21.1 23.7 18.5 33.0 13.9 16.0 7.9 10.3 9.9 24.2 33.8 17.4 36.1 26.2 -7.2 -7.3 -9.8 -21.4 -0.3 -21.4 -5.6 -4.0 : -21.8 -2.1 -11.7 -17.6 -11.2 -39.1 -21.3 -28.8 -20.6 -0.9 -8.6 -0.7 -8.1 -36.8 -3.8 -5.9 6.5 -0.4 -9.9 0.9 4.7

2.0 1.3 -5.1 0.9 3.8 -2.7 2.4 8.3 : -5.1 1.7 -1.4 6.0 0.4 3.5 -1.1 -3.2 -6.5 3.7 6.5 3.5 1.1 -10.6 1.6 0.7 9.5 12.4 1.5 11.7 9.9 15.3 12.8 4.5 21.9 15.9 20.6 11.8 21.1 : 21.4 11.6 13.2 31.8 11.9 27.1 14.6 18.7 24.2 17.5 25.9 13.0 18.1 6.8 10.2 7.8 23.0 40.0 12.8 32.7 30.5 -4.8 -4.5 -15.2 -22.3 -1.3 -14.7 -1.2 -3.7 : -22.7 -1.6 -8.2 -19.7 -7.0 -32.3 -20.6 -31.6 -34.8 -3.0 -7.1 2.8 -11.9 -36.1 -2.9 -6.0 8.8 1.7 -11.8 4.6 5.3

1.8 1.3 -3.4 0.0 1.9 -3.0 3.6 6.1 : -6.7 -0.9 -3.7 12.8 0.9 10.4 -0.4 -5.4 -4.6 1.9 8.8 3.8 2.4 -9.8 1.2 0.9 10.7 3.2 3.9 7.9 9.7 15.0 12.8 4.7 16.9 10.2 14.4 15.1 17.5 : 13.2 7.9 8.5 37.0 13.1 33.0 13.2 11.5 31.6 11.7 32.2 13.0 17.3 8.6 8.2 9.8 24.9 7.3 19.3 25.5 31.3 -4.7 -4.4 -12.8 -19.7 -0.5 -13.6 -1.8 -4.0 : -20.9 -1.8 -9.8 -9.4 -6.5 -18.3 -19.7 -31.2 -29.0 -3.1 -4.9 3.2 -5.4 -36.0 -3.4 -7.0 11.9 1.7 -5.1 -0.1 6.8

3.0 2.6 -1.2 3.2 1.8 -0.9 5.4 10.9 : -5.6 -1.3 -0.9 10.4 1.8 6.6 -0.7 -7.5 -3.5 5.5 5.4 4.7 1.9 -8.8 2.9 0.1 9.3 -0.3 4.2 17.9 6.6 13.9 12.9 3.0 21.1 8.9 16.3 15.0 12.5 : 16.8 3.2 11.2 30.0 14.5 28.4 12.7 3.5 23.3 18.0 25.5 13.9 18.2 10.4 10.7 6.9 20.3 5.2 21.7 36.2 15.4 -2.0 -1.6 -11.0 -14.4 0.9 -12.6 2.7 7.1 : -23.6 1.3 -7.0 -6.9 -5.7 -26.7 -18.0 -26.1 -28.1 4.0 -8.6 3.6 -5.3 -35.3 -0.5 -6.5 13.5 -1.8 -2.9 14.8 5.9

3.2 2.8 -1.7 2.6 1.1 -5.7 5.3 6.6 : -10.4 -1.0 1.5 6.9 1.5 3.3 0.1 -6.9 -5.0 4.6 7.6 3.3 2.0 -9.2 1.3 -0.1 5.8 1.8 7.7 15.0 9.9 15.3 13.8 1.2 20.6 6.3 6.7 16.0 12.3 : 9.2 5.3 15.1 23.6 14.0 15.1 12.4 7.9 17.4 13.4 26.5 11.7 20.5 9.0 8.9 8.7 21.0 7.7 17.5 37.3 25.3 -1.5 -1.1 -9.2 -16.9 1.4 -13.4 4.1 -0.9 : -28.5 1.6 -5.6 -14.1 -6.5 -21.9 -18.1 -26.3 -20.1 3.2 -2.8 2.0 -7.7 -35.3 -2.2 -8.9 4.4 -7.1 5.9 7.3 10.4

5.1 4.5 -3.0 1.0 2.5 1.4 8.4 9.7 : -7.3 0.7 2.1 7.2 1.6 2.5 0.5 -3.8 -3.0 6.8 11.8 4.6 5.1 -8.2 2.9 0.3 8.5 -0.2 8.8 16.3 13.0 15.6 13.6 1.4 18.0 10.1 21.3 16.7 13.8 : 16.1 5.1 13.0 28.6 12.5 12.3 14.2 13.7 28.8 17.9 28.4 13.4 20.1 10.7 11.2 8.4 18.9 -4.3 23.1 34.5 26.3 1.7 2.5 -10.2 -16.6 1.7 -14.2 9.4 1.9 : -24.5 3.8 -1.7 -17.8 -5.4 -21.4 -16.2 -27.6 -26.1 5.8 12.6 4.0 -4.4 -34.7 0.1 -8.8 14.1 -2.4 4.7 12.9 13.3

5.5 4.5 -5.6 0.9 2.2 7.7 9.1 11.3 : -2.7 -1.8 1.5 11.9 2.2 6.4 -0.9 0.1 -0.8 9.9 2.4 4.2 7.5 -8.2 1.3 1.2 7.7 -1.2 9.6 17.0 16.0 16.3 13.9 0.3 18.4 10.0 31.6 19.2 17.4 : 22.5 2.2 10.5 35.9 12.7 15.6 9.4 19.2 30.3 14.8 5.9 12.8 20.5 11.7 11.3 9.4 24.8 -2.1 23.1 29.2 30.6 1.8 2.2 -15.0 -18.9 -1.4 -6.6 9.4 6.4 : -16.1 2.4 -2.4 -13.1 -3.3 -14.7 -13.6 -25.0 -15.3 15.4 -7.8 3.5 0.5 -34.5 -5.0 -7.6 7.4 -1.2 2.9 19.1 11.9

5.4 5.0 -5.6 3.1 3.4 -0.5 9.5 6.3 : -3.7 -0.6 2.8 14.3 3.6 3.5 1.6 -0.1 3.9 7.2 5.9 3.4 4.0 -8.0 0.5 1.1 7.5 5.2 9.3 13.5 12.8 17.4 15.7 2.1 21.1 13.6 15.2 18.9 16.8 : 18.6 7.5 14.8 46.0 17.6 11.3 14.9 16.8 26.5 17.2 24.9 11.3 16.9 11.4 8.9 8.1 25.5 11.3 22.1 27.7 30.7 1.0 1.6 -14.8 -16.8 -2.4 -8.4 11.2 -3.2 : -16.2 -4.0 -4.2 -12.7 -6.2 -12.3 -14.6 -24.5 -5.4 5.9 -14.2 3.0 0.5 -34.3 -4.2 -6.3 6.8 -2.3 5.0 16.2 10.8

6.8 6.7 -4.5 3.0 3.7 -1.1 10.8 10.8 : -0.7 2.1 5.3 10.4 4.9 3.4 0.9 -0.8 -3.3 11.0 6.5 5.2 6.9 -7.0 2.2 1.3 11.6 3.3 11.0 20.5 10.7 19.4 18.0 2.0 22.6 13.7 10.8 21.0 23.2 : 18.7 12.2 18.9 34.7 17.4 20.4 12.0 16.9 8.8 25.0 19.3 15.5 20.2 13.0 14.4 8.3 30.5 6.4 23.5 46.9 26.7 3.1 4.3 -14.5 -17.4 -1.6 -6.0 12.4 0.5 : -10.7 3.6 -1.4 -14.5 -0.6 -22.0 -13.8 -26.0 -8.4 9.4 -5.6 2.8 1.3 -32.0 -3.3 -5.6 11.2 -4.5 9.2 17.1 9.1

7.8 7.9 -1.7 3.9 7.4 4.0 13.5 8.5 : -4.7 2.5 3.5 10.5 5.6 7.9 2.7 -2.3 -0.7 9.2 5.6 5.2 8.6 -6.6 4.2 2.6 12.3 8.7 12.8 19.0 11.0 19.2 17.6 6.9 21.8 25.2 21.7 22.5 17.2 : 13.7 3.7 15.1 37.7 18.0 24.8 16.5 13.2 6.9 21.4 25.9 13.7 20.7 12.3 16.2 10.5 30.4 13.5 29.7 36.8 27.0 5.6 7.4 -8.7 -14.0 -1.4 -4.7 17.8 3.0 : -15.9 4.5 -0.7 -11.7 0.4 -16.6 -12.4 -27.9 -9.8 8.9 -10.8 5.2 6.4 -31.2 -0.3 -4.2 10.0 0.5 10.9 18.2 9.9

8

TABLE 2 (continued) : Monthly

survey of manufacturing industry (s.a.) Since 1990 (*) Min.

STOCKS OF FINISHED (b) PRODUCTS (Question 4) Component of the industrial confidence indicator

PRODUCTION TREND OBSERVED IN RECENT MONTHS (Question 1)

EXPORT ORDER BOOKS (Question 3)

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

01-93 07-93 10-01 08-93 08-93 01-15 04-09 06-93 : 03-09 01-93 07-93 06-09 10-90 03-09 07-93 01-94 05-12 04-97 06-06 02-09 07-96 01-99 06-93 07-92 02-96 05-94 01-96 04-09 04-09 03-09 03-09 03-09 07-09 02-09 06-09 02-09 04-09 : 03-09 03-09 04-09 04-09 07-09 06-13 02-09 01-09 12-08 03-09 04-09 04-09 03-09 03-09 11-08 04-09 12-08 03-09 02-09 04-09 05-09 05-09 06-09 05-09 09-93 03-09 04-09 06-09 03-09 : 05-09 07-09 06-09 07-09 05-09 10-09 03-09 07-09 03-09 04-09 12-03 04-09 05-09 12-01 04-09 06-94 04-09 03-99 03-09 02-09 05-09

21.9 22.8 26.1 35.2 46.3 33.1 30.7 38.7 : 33.9 46.6 32.5 19.0 20.0 5.5 43.3 49.5 45.6 17.7 36.7 14.6 30.3 11.5 21.0 49.4 29.6 54.6 26.9 39.1 37.0 -46.4 -47.7 -39.4 -38.6 -58.0 -46.5 -48.5 -53.0 : -35.1 -52.0 -44.4 -39.0 -63.7 -60.4 -49.5 -41.6 -58.9 -57.4 -49.8 -44.7 -41.9 -32.4 -47.0 -32.4 -45.4 -63.0 -52.5 -40.1 -54.8 -61.9 -63.6 -63.3 -68.5 -58.1 -61.6 -64.6 -66.9 : -58.6 -61.1 -69.5 -65.9 -71.3 -83.1 -65.5 -75.4 -91.1 -66.1 -76.0 -38.3 -66.5 -75.1 -71.2 -39.5 -77.7 -56.6 -71.9 -64.4 -60.5

9.2 8.4 5.4 -2.2 10.5 8.7 8.3 0.7 : 12.2 13.7 11.3 1.2 6.2 -12.7 1.9 6.0 11.8 1.2 7.6 5.0 8.5 -1.0 3.6 4.0 9.9 3.5 1.6 13.9 15.7 0.1 -1.2 -0.2 -1.7 12.7 9.8 -0.7 9.5 : 7.6 -2.6 3.9 3.6 -13.5 -12.0 1.6 3.1 -2.1 -1.7 12.3 3.4 12.7 1.6 -5.6 6.3 8.5 14.5 10.8 12.2 1.8 -18.2 -18.4 -20.9 -43.2 -4.5 -5.2 -19.5 -7.0 : -17.1 -21.4 -15.4 -40.6 -19.2 -33.7 -31.9 -34.8 -25.8 -17.3 -28.0 -7.8 -22.6 -53.7 -16.1 -12.0 -14.0 -11.0 -14.4 -3.8 -16.2

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

03-11 12-10 03-10 06-97 04-00 02-10 09-90 12-06 : 05-13 10-17 03-10 07-17 06-10 09-01 02-14 06-11 03-95 05-09 06-05 03-11 11-06 09-94 01-08 03-10 03-10 02-01 04-95 01-16 07-17 03-11 03-11 02-11 01-07 04-95 09-94 12-10 06-01 : 01-00 04-95 06-00 12-15 03-95 09-08 06-01 04-98 08-10 04-98 01-17 12-10 04-11 12-06 08-14 04-02 05-00 12-03 06-06 11-10 03-95 04-07 06-07 06-00 03-07 09-00 05-07 04-11 03-01 : 03-95 06-17 06-00 04-17 02-95 04-16 03-07 08-07 04-00 12-00 09-07 09-00 03-90 09-07 01-95 11-03 05-07 01-94 04-95 08-91 04-95

-0.6 -1.8 -11.2 -20.5 -11.5 -28.5 -9.0 -20.9 : -1.2 0.6 -5.7 -12.8 -5.4 -34.9 -14.0 -17.3 -23.6 -17.5 -14.7 -0.8 -6.7 -22.1 -13.9 -10.9 -7.4 -27.1 -23.7 -12.9 -5.4 19.6 17.5 20.6 32.0 78.6 41.8 27.3 56.2 : 35.7 21.2 35.1 31.1 12.1 47.2 29.6 34.8 44.4 26.1 52.7 24.9 39.9 28.4 16.1 42.6 40.3 77.7 49.5 58.6 32.7 5.2 5.9 7.4 -18.9 26.7 27.6 13.1 25.4 : 11.9 6.6 25.9 -19.2 18.5 10.6 -10.9 28.1 50.3 5.9 23.9 9.6 11.5 -35.1 18.8 3.5 18.0 52.6 31.8 44.4 20.9

4.8 5.0 2.4 -4.2 1.6 6.9 5.5 -1.6 : 16.2 5.2 5.5 -6.0 4.8 -29.5 -2.7 -5.3 20.3 1.1 9.7 4.2 4.1 2.4 1.7 -0.7 4.8 4.4 2.8 5.9 6.9 1.9 1.6 3.5 8.5 4.2 5.3 0.5 4.3 : -2.0 3.7 6.2 18.3 -10.9 6.5 1.7 10.9 2.2 -3.6 42.7 7.3 7.6 -5.5 2.8 7.4 17.8 21.4 -0.6 6.2 3.1 -12.1 -10.4 -13.2 -28.1 0.0 -23.7 -9.0 -13.2 : -8.8 -4.4 -10.0 -28.8 -17.0 -35.7 -24.9 -27.1 -18.9 -19.0 -12.2 -4.8 -20.2 -43.7 -5.2 -7.0 -3.3 -6.9 -18.5 -15.5 -9.4

4.3 4.0 2.4 -0.7 1.3 4.1 2.5 -6.1 : 6.7 7.6 6.0 -2.9 5.2 -15.7 -4.6 -5.1 23.8 3.7 1.4 3.9 5.2 1.9 1.1 -0.4 9.2 2.0 -3.3 0.8 11.3 10.2 9.4 4.3 11.5 10.3 4.4 10.8 10.7 : -1.4 14.4 16.6 20.7 -8.0 6.1 3.7 17.4 16.9 1.7 26.8 10.6 14.5 2.1 2.0 8.3 30.6 22.7 17.0 24.4 16.3 -11.0 -9.4 -2.1 -27.5 1.6 -17.2 -9.5 -14.9 : -9.8 -2.1 -9.8 -24.1 -13.0 -44.2 -26.9 -31.4 -21.4 -8.5 -19.8 -3.7 -22.9 -42.8 -4.6 -8.4 5.4 -3.3 -15.3 11.8 -18.1

4.2 4.1 0.4 -3.0 3.9 12.3 2.3 -3.6 : 5.8 9.6 8.9 -9.3 3.6 -20.6 -2.5 -4.0 -1.2 2.9 3.5 3.0 4.4 1.5 1.7 0.3 7.6 4.9 -3.4 -0.1 7.8 9.3 7.5 3.7 11.7 7.8 16.3 9.6 19.8 : 0.3 5.7 13.5 21.9 -9.3 6.1 6.2 4.8 8.6 1.9 52.7 11.6 18.7 5.8 2.4 7.7 31.5 -6.9 16.3 30.8 16.2 -9.1 -8.4 -9.0 -29.9 -2.2 -21.3 -8.9 -9.7 : -4.7 -2.1 -6.0 -36.9 -12.7 -39.8 -25.2 -29.9 -12.0 -9.4 -15.1 -3.4 -16.7 -41.1 -3.6 -4.1 6.8 -0.7 -15.1 3.4 -3.2

4.5 4.5 4.7 -3.2 3.2 14.0 3.4 -7.6 : 14.0 5.0 9.2 -5.9 3.8 -15.8 -2.7 -3.3 9.0 3.5 -0.6 5.2 3.1 2.4 2.4 -0.1 3.3 4.4 -3.3 2.0 6.2 10.0 8.4 0.2 10.7 5.9 30.7 11.2 5.6 : 2.2 6.1 10.5 17.5 -4.4 12.2 7.9 13.4 -8.1 1.1 29.0 15.3 19.2 7.4 3.7 8.9 20.0 1.2 17.7 32.7 13.8 -9.0 -7.2 -19.6 -28.8 -1.6 -19.1 -8.5 -12.0 : -3.0 0.0 -3.4 -31.9 -7.4 -19.5 -24.0 -32.5 -31.7 -10.8 -13.8 -0.7 -20.1 -41.8 -3.6 -6.1 4.0 0.5 -16.6 6.7 -12.6

4.8 4.7 2.2 -2.7 4.1 9.7 2.6 -4.9 : 12.3 8.8 9.8 -10.9 3.8 -16.5 -5.1 -3.6 16.4 2.8 0.9 4.8 4.7 2.0 1.2 0.2 4.5 -0.6 2.4 1.6 8.9 11.1 8.5 3.9 9.8 4.0 22.5 9.7 15.2 : 3.2 3.0 10.8 30.9 -3.3 11.9 4.9 17.2 -5.2 7.2 48.2 11.9 27.0 7.5 2.5 3.9 26.1 24.6 15.0 27.0 27.2 -6.7 -6.9 -11.0 -26.3 -1.2 -13.5 -8.0 -10.0 : -7.2 -2.5 -7.9 -25.1 -4.6 -18.4 -23.2 -32.9 -18.5 -7.2 -10.2 -1.0 -11.8 -41.8 -3.6 -7.1 9.2 1.2 -12.1 -2.0 9.3

3.0 3.5 -4.4 -3.0 4.4 6.3 1.4 -13.2 : 10.1 8.4 6.9 -8.0 3.5 -18.2 -3.1 -0.2 5.8 5.6 0.7 3.2 7.1 1.6 1.3 0.1 5.9 4.3 6.2 -2.5 1.4 15.7 14.5 6.5 13.4 6.4 27.1 19.9 21.9 : 7.2 8.9 15.4 29.8 -2.7 17.3 9.2 11.8 -2.8 9.7 38.7 17.0 24.4 13.0 10.0 2.6 27.1 39.4 25.3 27.1 24.1 -6.7 -6.3 -13.2 -22.8 1.7 -16.0 -7.6 -2.9 : -10.1 1.7 -4.6 -19.2 -6.4 -29.8 -22.3 -29.7 -24.7 -9.4 -17.6 0.2 -14.8 -41.3 -1.2 -7.9 12.0 -3.6 -10.1 14.8 -0.6

4.1 4.3 -2.8 -4.1 4.4 10.5 4.3 -8.5 : 11.7 9.8 5.0 -11.3 3.0 -16.7 -5.9 2.4 12.4 2.9 0.9 3.9 6.8 1.3 2.8 0.0 8.2 -4.9 0.2 -0.5 6.0 10.8 8.1 0.2 12.6 6.1 20.2 8.6 15.5 : 12.6 8.4 9.8 21.0 -3.8 21.9 2.0 9.0 7.3 9.5 41.6 16.2 25.2 4.8 6.8 5.7 21.1 -0.8 16.4 29.9 27.0 -6.2 -5.9 -10.9 -27.0 -0.9 -16.7 -7.4 -0.9 : -11.0 4.2 -3.8 -24.5 -7.6 -32.5 -20.6 -29.0 -22.6 -5.6 -9.9 -1.4 -13.9 -40.8 -3.9 -10.6 3.3 -5.8 -1.3 4.2 6.2

2.1 2.5 0.2 -1.6 4.3 2.9 1.0 -13.3 : 13.5 6.9 5.1 -10.7 2.3 -16.7 -3.6 -2.7 11.6 3.4 5.6 3.7 0.3 0.6 2.5 -1.4 7.6 -6.2 1.3 -1.5 0.6 12.4 11.7 3.1 10.4 7.9 10.1 15.7 14.8 : 6.4 10.3 12.9 24.0 -2.4 10.9 5.7 7.7 14.3 11.5 43.6 15.8 22.3 8.8 10.3 6.7 26.9 -14.5 20.8 28.0 15.5 -1.7 -1.4 -5.8 -25.0 0.1 -13.7 -0.7 0.3 : -1.2 6.6 -1.1 -26.4 -4.9 -17.6 -20.3 -25.8 -20.3 -5.8 4.6 -0.2 -11.8 -40.2 -1.1 -6.6 12.7 -3.9 -1.5 19.5 10.6

1.4 2.6 2.1 -3.2 1.9 1.8 1.2 -10.2 : 14.4 9.9 3.6 -12.8 2.7 -18.3 -1.6 -6.2 17.5 0.6 -9.0 3.8 -1.5 1.8 2.4 -1.8 9.2 0.3 -2.8 -2.7 -5.4 11.9 8.6 4.5 9.4 11.8 30.2 9.6 16.3 : 16.0 1.6 13.0 27.8 -0.9 4.2 8.2 9.2 -20.0 21.6 31.7 13.7 27.9 8.6 1.8 8.9 21.6 -11.2 21.5 34.3 26.0 -2.6 -2.4 -15.6 -27.8 -1.5 -7.7 0.2 3.3 : 3.4 -0.2 -1.6 -36.9 -5.8 -26.4 -18.9 -24.9 -5.2 -3.7 -18.5 0.4 -9.7 -40.2 -5.1 -6.5 4.6 -0.3 -1.5 23.7 6.9

2.2 2.2 4.1 -5.0 1.0 8.4 1.6 -5.4 : 13.5 5.3 2.0 -9.7 0.8 -11.4 -4.6 -7.3 9.2 1.5 -7.2 4.2 5.4 1.1 3.2 -1.4 9.8 -6.6 -0.7 3.5 3.2 11.8 9.2 -0.8 10.6 6.7 18.0 12.6 9.3 : 14.0 4.5 16.6 19.1 -7.4 9.7 6.1 14.1 3.9 12.0 29.9 17.2 19.8 6.7 -2.5 7.1 23.8 -7.6 15.3 30.2 27.9 -4.2 -3.7 -13.9 -26.1 -3.3 -12.9 -0.4 -4.8 : 0.1 -3.7 -1.8 -32.3 -10.0 -19.9 -19.9 -28.2 4.9 -6.4 -17.2 -2.5 -5.3 -40.9 -3.2 -5.0 5.8 0.5 -3.9 12.4 6.1

2.3 2.2 1.1 -3.9 1.0 8.0 1.1 -8.5 : 10.2 9.6 1.7 -10.9 2.2 -11.9 -4.6 -6.8 10.4 1.5 -5.9 2.8 0.9 2.1 4.4 -1.0 7.0 -8.1 -0.4 2.6 3.7 13.9 12.6 2.0 10.4 11.0 13.5 17.7 10.2 : 22.8 5.5 11.3 30.5 0.4 9.0 8.0 11.0 1.0 14.1 25.4 13.1 29.3 9.5 3.1 8.8 26.7 26.3 27.7 31.9 19.8 0.3 1.1 -15.0 -24.9 -2.8 -9.1 5.7 -1.1 : 1.3 2.7 0.2 -28.2 -1.9 -17.5 -18.8 -26.7 -3.8 -7.3 -13.1 -0.6 -4.5 -39.4 -2.0 -4.0 10.1 -3.5 2.4 17.2 11.6

1.3 1.1 3.3 -3.9 1.6 5.0 -0.2 -5.4 : 12.0 0.6 3.9 -5.6 1.6 -15.6 -3.9 -7.9 -0.7 2.8 -1.8 3.2 1.3 0.9 3.2 -1.5 3.4 -12.1 2.2 -2.0 3.8 15.3 14.0 7.7 12.5 15.1 18.9 18.7 9.2 : 16.3 5.1 16.1 28.6 0.8 4.2 5.8 23.2 -9.0 15.3 41.7 11.1 31.1 9.9 10.1 8.0 34.6 13.0 20.8 33.4 21.6 0.8 1.2 -12.1 -22.5 0.1 -7.1 7.3 1.0 : -4.7 -7.4 2.5 -26.0 -3.4 -22.1 -17.4 -29.1 -12.2 -5.5 -16.2 -0.4 -2.7 -38.2 -0.3 -2.9 9.4 1.4 7.6 22.0 12.1

9

TABLE 2 (continued) : Monthly

survey of manufacturing industry (s.a.) Since 1990 (*) Min. Date

Ave.

2017 May

Jun

Jul

Aug

Sep

Oct

03-09 -40.0 -10.0 10-17 10.0 2.6 2.5 3.1 4.5 4.8 4.8 6.1 EU 06-93 -39.4 -9.3 10-17 9.1 2.5 2.3 3.4 3.7 3.6 4.8 5.3 EA 03-09 -36.3 -7.8 10-00 8.8 -0.6 -2.8 1.2 0.9 -3.1 -3.8 -3.0 BE 06-99 -45.3 -11.1 11-06 12.8 11.2 11.3 9.6 10.5 10.7 10.2 7.5 BG 02-09 -61.9 -8.7 02-11 18.3 9.2 9.1 11.1 12.1 9.6 10.4 5.9 CZ 04-09 -42.1 -1.8 07-17 23.1 -0.1 -1.1 10.5 14.2 8.9 8.8 14.8 DK 06-93 -52.1 -12.1 03-11 17.1 4.4 4.3 5.1 5.5 3.9 6.8 8.7 DE 04-92 -77.8 -6.6 11-06 22.2 5.8 7.5 10.6 7.4 9.8 8.2 8.1 EE : : : : : : : : : : : : IE 08-15 -37.1 -5.6 08-17 14.3 -5.6 -7.0 -1.9 5.7 2.7 -2.0 3.7 EL 06-93 -51.9 -7.9 03-01 9.7 4.8 0.3 8.3 4.3 4.0 7.7 4.0 ES 03-09 -45.0 -13.4 01-01 12.8 -3.5 -3.8 -6.4 -4.4 -2.8 -6.0 -4.0 FR 07-09 -28.2 -3.4 10-17 16.5 4.9 14.7 6.2 4.9 13.1 10.7 7.5 HR 08-96 -29.6 -4.8 11-00 11.6 0.3 1.7 1.4 2.8 4.3 4.7 2.8 IT 04-13 -37.2 0.6 10-07 50.9 -1.3 -2.0 -0.8 -1.4 0.4 7.5 5.5 CY 04-93 -50.2 -4.8 11-05 13.4 1.8 2.2 3.8 4.6 1.3 3.9 3.9 LV 04-94 -59.1 -15.7 12-16 11.6 8.7 11.6 9.7 9.1 6.0 6.3 2.1 LT 04-09 -72.2 -24.1 06-10 25.4 4.2 0.2 1.0 -3.0 1.3 1.4 -3.4 LU 03-09 -47.4 -3.9 04-14 18.9 9.4 10.8 14.4 7.4 16.0 15.0 10.5 HU 05-09 -40.1 0.2 04-17 41.2 28.7 14.2 25.2 12.8 31.3 41.2 24.9 MT 04-09 -37.8 -5.7 04-90 13.1 0.7 3.9 2.2 5.1 7.0 7.4 7.2 NL 03-09 -39.4 -2.6 11-06 20.9 5.0 9.8 11.7 9.3 7.7 11.3 14.0 AT 05-99 -50.7 -15.9 05-07 7.3 0.8 0.3 0.1 0.7 1.8 2.2 2.0 PL 06-93 -24.5 -4.2 10-17 8.8 4.3 3.2 3.5 3.7 4.1 3.7 3.9 PT 07-92 -70.9 -18.5 05-15 7.1 3.2 3.8 4.7 3.4 1.0 1.7 1.0 RO 04-09 -53.8 -15.5 09-17 23.3 12.8 18.9 15.1 16.5 19.4 18.3 16.3 SI 02-09 -57.1 -13.3 03-17 28.4 9.5 10.7 24.5 24.7 28.4 19.4 18.8 SK 06-91 -58.7 -15.7 05-11 15.3 -3.8 -2.6 -1.4 -2.4 -3.1 3.5 6.1 FI 03-09 -60.1 -14.6 02-11 26.3 5.1 7.4 5.6 1.7 7.6 10.1 16.3 SE 03-09 -51.3 -12.2 03-11 15.8 1.4 0.5 -3.5 10.0 11.9 1.6 9.3 UK 03-09 -14.5 5.4 02-95 27.5 6.1 7.1 9.9 10.5 10.8 10.5 9.9 SELLING–PRICE EU 03-09 -15.8 4.8 02-95 25.2 4.9 5.4 8.3 9.0 9.6 8.2 8.2 EXPECTATIONS EA 04-09 -21.1 2.5 12-94 25.9 10.1 8.0 8.1 10.1 6.7 7.6 3.4 (Question 6) BE 08-09 -5.5 19.2 11-96 90.6 1.7 2.0 2.3 2.3 2.9 5.6 3.5 BG 01-09 -17.4 11.0 03-95 69.9 7.0 8.6 5.4 7.8 9.9 9.9 6.8 CZ 01-15 -19.5 0.9 01-08 26.4 -2.4 -1.2 9.2 2.4 1.7 8.5 1.1 DK 03-09 -13.5 5.6 04-11 27.7 6.8 6.3 11.4 13.8 13.8 11.7 13.4 DE 02-09 -36.9 12.3 04-92 86.3 5.3 4.7 3.4 7.1 10.2 13.3 10.6 EE : : : : : : : : : : : : IE 03-09 -18.1 10.3 10-90 40.6 -0.4 -2.2 2.0 1.9 -0.7 0.9 -2.3 EL 03-09 -20.3 0.9 03-95 33.0 2.0 1.9 10.2 5.6 8.9 5.5 5.5 ES 01-99 -24.7 1.3 03-11 32.9 5.0 10.3 4.5 7.6 5.3 3.0 3.7 FR 02-09 -21.9 -0.7 07-08 30.9 2.0 6.5 9.8 11.2 10.9 13.7 8.0 HR 03-09 -13.2 8.1 03-95 39.9 3.2 3.8 5.2 5.9 7.6 7.5 6.2 IT 04-13 -18.5 2.9 10-03 38.7 -1.3 -0.3 4.0 -3.9 0.5 3.0 1.2 CY 02-09 -25.8 13.1 07-94 51.5 1.7 3.0 5.3 4.0 6.0 9.2 6.8 LV 04-09 -36.2 9.0 11-93 75.0 3.9 7.4 4.8 5.5 2.3 2.6 5.5 LT 08-91 -52.5 -4.7 12-94 51.2 18.6 18.6 16.1 18.3 16.6 24.5 5.6 LU 01-09 -17.3 13.4 01-01 49.4 5.1 8.5 15.0 15.1 9.4 9.5 13.7 HU 12-04 -41.7 -10.7 12-03 36.1 -18.1 -23.3 0.0 -13.2 -18.9 -12.6 -16.0 MT 04-09 -14.3 7.0 03-11 25.7 8.4 7.8 9.7 10.8 12.2 9.6 8.2 NL 03-09 -28.7 1.3 03-11 30.3 2.7 6.7 10.3 5.8 9.9 10.4 8.3 AT 04-09 -5.9 11.2 06-93 40.8 1.3 3.8 6.9 5.4 5.4 7.7 5.7 PL 01-09 -24.3 4.2 10-90 27.3 2.6 1.9 3.0 1.7 2.6 5.5 5.4 PT 01-16 -3.3 31.4 10-93 91.2 1.4 1.8 2.9 5.5 4.7 3.6 5.9 RO 03-09 -32.1 -3.6 03-11 25.9 0.1 1.6 5.0 6.0 8.2 6.7 6.4 SI 07-11 -44.4 16.6 04-95 81.2 14.3 -9.4 15.2 6.2 16.4 2.0 -2.1 SK 03-09 -30.7 3.8 08-94 51.2 -10.7 -4.0 -5.1 -11.2 1.2 8.5 5.9 FI 06-09 -17.7 6.9 12-94 40.7 4.5 9.8 13.8 11.1 8.9 15.2 16.9 SE 01-99 -28.2 5.0 07-08 40.9 19.5 21.6 24.3 26.5 26.3 28.9 24.7 UK (*) Minimum, maximum and averages are calculated over the period of availability which is not necessarily as from 01/1990. (a) The indicator is the arithmetic average of the balances (%) of the questions on production expectations, order-books and stocks (the last with inverted sign). (b) Highest figure is considered as a minimum, lowest figure is considered as a maximum.

6.1 5.2 -6.1 7.8 6.7 19.2 7.9 10.2 : 8.3 7.1 -4.1 0.5 1.4 11.9 3.5 5.9 -3.4 12.8 36.8 9.7 8.6 3.6 4.3 3.1 20.5 22.8 9.2 15.7 7.6 9.2 7.1 3.2 3.0 2.9 -0.8 11.4 9.6 : -4.2 2.8 3.7 4.9 5.4 2.4 9.1 6.6 -3.3 10.1 -21.6 8.5 8.6 4.5 3.7 7.0 7.8 4.1 8.8 16.4 27.9

7.4 6.2 -4.5 4.4 8.5 23.1 9.9 12.0 : 12.1 2.8 -4.0 6.9 4.5 -2.2 5.0 7.5 -9.0 16.7 20.0 11.5 16.1 4.3 7.1 3.1 20.7 21.5 4.1 18.4 10.3 8.2 7.5 3.4 2.1 3.2 0.0 11.9 15.0 : -1.5 6.1 2.1 7.5 5.2 -3.1 7.2 10.3 14.2 9.4 -14.8 7.7 10.1 6.1 0.0 6.8 6.4 6.3 9.6 12.0 16.1

8.3 7.3 -3.3 6.1 8.9 15.6 11.9 8.2 : 14.3 4.5 -2.6 12.6 4.5 1.3 5.3 11.2 -4.7 10.4 17.1 10.6 12.5 3.3 6.5 4.0 20.9 20.5 6.2 16.9 13.9 9.6 8.1 5.9 1.8 4.3 1.1 10.4 13.3 : 1.3 11.2 3.6 5.4 6.8 -6.9 9.8 -0.7 19.1 7.4 -7.8 8.2 12.6 5.7 1.6 7.5 8.4 8.4 6.1 12.4 24.8

8.5 7.4 -5.2 5.3 8.7 16.5 11.7 6.4 : -5.5 4.0 -1.1 13.6 5.0 2.9 3.8 6.9 -7.6 16.1 25.8 9.5 14.1 4.0 8.4 2.6 23.3 19.4 12.2 19.0 13.5 11.9 10.5 8.9 1.3 6.4 0.7 12.8 11.2 : 3.7 6.5 12.1 9.8 7.2 0.4 11.8 0.6 18.0 12.0 2.8 11.3 11.7 6.3 5.0 9.1 11.5 9.1 12.3 22.6 24.7

10.0 9.1 4.5 8.7 9.8 13.6 12.8 13.1 : -3.8 8.8 -0.2 16.5 5.7 4.6 6.2 10.4 -7.4 16.6 23.0 11.8 13.6 2.4 8.8 4.9 20.1 28.4 12.8 22.0 15.5 10.2 8.6 8.3 2.5 4.6 4.1 12.3 11.8 : -2.3 3.2 1.9 5.7 8.0 -1.9 10.0 0.6 21.4 10.7 -12.4 12.2 14.9 6.2 3.4 13.1 11.1 7.2 17.9 9.4 25.9

EMPLOYMENT EXPECTATIONS (Question 7)

Value

2016 Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

10

TABLE 2a: Quarterly survey

of manufacturing industry (s.a.) (Data collected in January, April, July and October each year.)

Capacity utilisation in manufacturing industry (%) (Question 13) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

III-09 III-09 II-09 III-99 IV-91 IV-09 III-09 IV-93 : III-15 III-09 III-09 IV-09 III-09 II-13 II-93 IV-95 II-09 II-09 II-03 II-09 II-09 II-92 II-09 III-09 III-09 III-09 III-09 II-09 II-09

70.0 69.5 70.2 52.0 70.9 70.9 70.0 52.2 : 63.5 67.9 72.3 63.3 64.2 43.7 43.7 44.1 62.2 69.1 17.0 74.8 75.9 47.4 73.3 71.0 68.9 64.9 63.9 71.4 70.0

Ave. 80.8 81.0 79.8 63.7 82.2 81.2 84.2 68.8 : 73.4 77.6 83.1 69.6 75.0 59.1 64.1 63.7 79.6 80.4 76.0 82.3 85.2 73.4 81.0 78.8 80.5 80.2 82.3 83.7 80.3

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

II-07 II-07 I-01 I-07 II-08 III-07 I-91 I-06 : IV-00 II-98 IV-07 III-08 I-90 III-08 III-05 III-17 I-07 III-07 II-06 II-90 IV-00 I-08 III-07 II-07 II-07 I-07 I-95 IV-06 II-95

84.9 85.1 84.8 76.5 91.2 88.9 90.0 79.4 : 79.2 82.0 87.7 75.8 79.8 70.8 75.3 77.6 88.2 87.2 94.9 86.2 88.9 81.1 86.9 86.4 86.2 88.6 88.8 88.4 84.8

81.6 81.9 80.0 74.4 84.5 79.6 85.0 72.5 : 65.5 79.0 82.6 72.5 77.1 56.9 72.3 75.9 72.4 81.8 77.8 81.4 85.0 79.0 80.0 78.9 83.2 85.4 79.5 83.4 79.7

81.1 81.5 79.3 74.9 84.7 80.1 84.6 73.8 : 67.8 77.8 82.8 72.2 76.5 63.9 73.0 76.1 76.1 81.6 78.9 81.7 84.0 78.3 80.8 78.6 83.1 83.0 78.0 82.4 79.3

81.5 81.6 79.7 73.5 84.7 81.3 84.8 73.0 : 67.8 78.4 83.8 72.9 76.0 58.7 71.8 75.5 77.6 82.1 79.8 81.5 83.2 79.1 79.6 77.5 83.7 84.3 73.8 84.6 81.0

81.8 82.3 80.9 73.9 84.1 78.5 85.7 75.0 : 69.3 79.1 83.6 74.3 75.7 59.6 73.1 76.0 81.3 81.2 79.9 82.1 85.1 78.2 80.3 76.9 84.1 85.4 80.6 82.8 80.5

82.1 82.5 80.7 73.5 84.9 79.3 85.9 74.4 : 68.6 78.8 84.6 74.2 76.5 58.1 74.5 76.5 82.6 80.3 79.3 81.4 85.1 79.2 79.8 77.9 84.5 87.1 81.0 83.8 81.2

82.4 82.6 81.4 75.6 83.1 80.1 86.0 76.4 : 68.1 78.1 84.3 74.5 76.0 57.6 74.8 77.4 82.1 83.0 79.1 82.5 86.6 80.0 79.1 75.6 85.4 86.5 82.1 84.1 83.0

82.9 83.2 82.0 74.6 84.4 80.5 86.7 73.9 : 72.0 78.7 84.7 72.3 77.0 61.5 74.5 77.6 80.1 83.5 80.0 83.1 86.9 80.0 80.9 75.0 85.1 84.4 82.6 86.2 82.5

83.6 83.8 82.9 76.1 84.3 79.0 87.2 74.8 : 71.2 79.1 85.4 73.9 77.6 59.1 74.2 77.4 81.1 83.3 82.8 83.1 88.0 80.7 81.7 76.7 85.2 83.0 83.6 86.7 84.6

Production capacity in manufacturing industry (a) (b) (Question 9) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

III-07 III-07 II-07 I-17 IV-07 III-07 IV-90 IV-06 : II-00 IV-00 III-00 I-16 IV-00 I-17 IV-06 IV-06 I-98 IV-03 II-06 IV-00 IV-00 IV-11 III-00 IV-03 III-07 III-04 III-95 III-00 III-14

3.5 1.4 4.4 -4.4 -15.7 -17.3 -8.9 -18.2 : 0.6 -2.4 -10.5 2.0 12.4 -31.3 -7.2 -4.4 -10.2 -39.9 -10.8 -3.2 -11.3 -0.7 -10.8 -14.3 -11.6 -12.5 -21.0 -16.4 7.7

Ave. 17.6 16.2 25.7 8.9 9.6 17.5 14.8 13.1 : 18.4 9.7 15.4 10.5 27.2 -11.0 10.0 19.3 21.9 31.0 12.8 3.5 11.8 20.7 7.1 13.8 17.1 6.7 22.0 12.5 27.5

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

III-09 III-09 II-09 I-98 III-09 IV-09 III-09 II-09 : III-09 III-09 II-09 IV-10 II-09 III-08 III-93 IV-93 III-09 II-09 II-09 II-09 II-09 II-92 II-93 III-92 II-09 I-09 I-92 II-09 II-09

46.2 47.0 55.3 23.6 51.0 57.7 56.3 44.2 : 43.4 33.2 46.3 23.1 43.0 18.1 52.7 68.3 69.7 65.2 57.4 21.8 47.5 56.5 28.3 49.3 62.5 40.0 79.3 53.6 55.9

15.2 15.9 20.8 1.7 3.7 11.9 15.5 10.7 : 36.6 10.4 14.0 2.0 28.4 -25.7 0.7 15.3 12.8 21.7 14.4 -1.0 12.0 3.3 8.7 2.1 3.1 9.3 19.9 9.2 21.5

16.6 16.7 19.2 2.0 5.3 11.6 16.4 13.7 : 27.0 9.9 11.6 4.6 30.9 -17.8 3.9 14.2 31.0 29.4 18.9 -0.9 13.5 4.8 11.1 2.8 3.5 3.6 41.8 16.1 26.0

15.4 14.4 18.4 -0.5 1.3 17.2 13.1 15.9 : 26.1 10.7 10.6 2.1 28.0 -19.6 3.2 13.6 17.7 22.9 15.8 0.1 12.3 5.5 11.0 2.1 3.7 -0.4 31.2 14.7 32.6

13.4 12.0 18.0 0.0 5.5 24.0 7.9 14.4 : 23.4 10.3 11.2 2.6 28.1 -24.0 4.4 16.9 10.2 30.4 17.3 -0.9 10.9 6.5 6.6 1.6 -0.5 6.0 8.4 12.4 28.6

11.8 11.8 12.9 -4.4 13.2 13.8 9.9 13.4 : 25.5 8.2 9.6 8.1 27.6 -31.3 1.9 11.7 8.3 27.1 9.3 -0.1 7.7 4.0 5.0 2.2 -1.1 -1.3 19.0 -1.6 19.6

9.8 9.9 7.5 -4.4 12.8 16.0 9.8 -1.0 : 29.8 7.1 3.7 10.4 25.4 -12.7 -0.9 7.9 5.3 24.3 9.3 1.1 1.8 1.6 6.6 0.4 -4.6 3.5 11.6 -2.5 15.2

5.4 6.0 10.3 -1.1 9.5 3.2 0.5 2.5 : 25.2 6.1 3.2 2.8 25.2 -11.8 2.2 5.0 11.3 11.4 12.5 -0.3 -2.5 -0.3 5.6 -0.6 -1.0 1.8 6.7 -12.5 8.7

3.5 3.5 5.9 -0.1 10.2 11.6 -1.9 0.8 : 21.5 6.2 -2.1 9.5 23.2 -5.7 -2.3 2.8 -1.1 12.6 -4.8 0.8 -3.4 -0.4 3.4 0.3 -2.7 3.7 3.3 -13.9 8.0

11

TABLE 2a (continued) : Quarterly survey

of manufacturing industry (s.a.) (Data collected in January, April, July and October each year.)

Estimated number of months’ production assured by orders on hand in manufacturing industry (Question 10) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

III-96 IV-96 IV-03 IV-99 I-13 IV-12 II-09 II-12 : III-10 III-14 IV-99 III-12 IV-96 IV-14 I-11 IV-09 IV-93 III-02 II-04 I-95 I-13 IV-00 III-03 IV-01 IV-98 I-09 III-09 III-02 I-95

2.6 2.5 2.8 1.2 5.7 1.3 2.2 2.7 : 3.6 1.3 2.4 3.2 1.7 1.1 2.6 2.1 1.7 2.8 2.8 2.1 4.1 5.1 1.6 1.7 2.6 4.9 1.9 2.5 2.4

Ave. 3.5 3.2 3.3 4.0 9.6 2.3 2.8 4.2 : 5.0 2.8 3.4 4.2 3.7 2.3 3.3 2.9 3.0 4.5 5.7 2.9 4.8 10.8 3.0 6.8 4.3 6.5 2.9 3.7 3.4

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

III-17 IV-17 II-90 II-03 II-01 III-08 III-90 II-02 : IV-00 IV-06 III-17 III-08 IV-17 IV-10 IV-05 III-06 III-17 III-08 IV-17 IV-17 II-08 IV-13 IV-07 II-07 III-07 I-01 IV-94 III-17 IV-15

5.1 4.2 4.5 6.6 23.7 3.5 3.3 7.2 : 6.6 4.7 4.7 5.8 6.2 5.0 4.2 3.6 4.1 6.5 8.4 4.0 5.9 21.2 5.1 9.1 5.0 9.6 3.9 20.6 4.6

4.7 3.8 3.7 4.1 8.4 3.4 3.0 3.0 : 3.6 4.0 4.1 4.5 5.2 2.8 2.9 3.2 3.8 5.0 6.9 3.8 4.5 18.5 3.9 8.1 4.6 6.5 3.2 6.0 3.7

4.6 3.8 3.7 4.1 8.0 3.4 2.9 3.8 : 4.0 2.6 4.4 4.7 5.9 2.4 3.0 3.2 3.6 4.4 8.4 3.9 4.5 16.8 3.8 6.4 4.6 6.4 2.9 5.0 4.2

4.5 3.7 3.7 3.7 7.7 3.3 2.8 3.4 : 4.3 2.7 4.3 5.0 5.4 2.4 3.0 3.2 3.7 4.9 7.1 3.9 4.4 17.0 4.0 6.8 4.7 6.4 2.8 4.9 3.8

4.4 3.6 3.6 3.7 8.1 2.7 2.8 3.8 : 4.3 2.1 4.5 4.5 5.3 1.7 2.6 3.2 3.8 4.9 7.0 3.9 4.5 15.9 3.7 6.8 4.8 5.7 3.4 4.9 3.8

4.3 3.7 3.6 4.1 8.6 2.6 3.0 3.4 : 4.2 2.1 4.4 4.2 5.4 3.7 2.8 3.3 3.7 4.8 7.1 3.9 4.9 12.1 3.7 7.2 4.9 6.0 2.8 4.8 4.1

4.8 3.8 3.7 4.1 7.9 3.1 3.2 3.6 : 3.9 1.9 4.4 4.5 5.4 2.5 3.1 3.2 3.7 5.3 4.1 3.9 4.9 12.1 3.8 6.3 4.9 6.0 3.3 18.6 4.3

5.1 4.1 3.8 4.2 8.0 2.6 3.2 3.1 : 4.4 3.5 4.7 4.6 5.9 2.7 4.0 3.1 4.1 5.1 7.9 3.9 4.8 10.8 3.8 6.7 4.5 5.5 3.1 20.6 4.2

4.7 4.2 3.8 4.2 8.0 3.0 3.2 3.3 : 4.4 3.7 4.6 5.4 6.2 3.2 3.6 3.2 4.0 5.4 8.4 4.0 5.1 10.7 3.9 6.9 4.7 5.7 3.8 8.0 4.1

New orders in manufacturing industry (b) (Question 11) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

I-09 I-09 I-09 III-09 I-09 II-09 I-09 II-09 : III-15 I-09 II-09 II-09 II-09 II-13 I-09 I-09 I-09 II-09 II-09 II-09 II-09 I-09 II-09 II-09 II-09 II-09 I-09 II-09 II-09

-40.7 -40.6 -26.5 -39.1 -51.4 -60.0 -45.7 -49.7 : -24.6 -20.6 -56.0 -34.4 -53.6 -64.6 -53.8 -51.8 -63.8 -59.3 -51.0 -40.0 -38.3 -28.4 -61.9 -31.1 -56.2 -32.7 -57.0 -46.4 -54.7

Ave. 1.9 2.4 -2.9 2.2 9.1 6.4 2.4 9.2 : 4.2 4.6 0.4 8.7 0.2 -20.5 4.1 4.3 -9.6 -2.6 14.3 5.9 7.9 0.0 -4.9 0.4 8.6 23.4 7.1 7.2 -2.3

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

I-11 I-11 IV-97 II-98 IV-06 III-94 II-10 I-07 : IV-97 IV-14 II-00 IV-17 I-95 III-08 IV-03 II-11 I-00 III-00 III-07 II-11 II-11 II-07 IV-94 III-03 III-06 IV-07 III-94 IV-94 I-95

23.2 23.9 19.8 31.4 42.6 37.7 43.2 44.4 : 23.0 16.8 37.2 35.3 28.5 28.2 22.3 30.7 29.4 23.6 48.2 22.2 40.2 25.3 28.5 21.0 35.8 53.5 49.0 41.2 28.5

3.4 3.0 -0.5 5.7 12.6 14.3 -0.4 9.6 : -4.9 5.9 1.2 25.8 5.5 -5.2 -6.6 5.5 -5.9 9.6 3.9 9.6 14.1 4.5 -2.5 2.3 21.7 30.1 12.3 23.0 -7.0

1.7 3.0 4.6 10.4 8.1 8.6 -2.3 8.4 : 1.2 8.0 9.4 24.2 4.6 20.0 -0.4 -0.3 16.6 -1.6 8.6 11.7 -1.3 0.1 -1.1 2.0 17.4 25.7 -4.1 7.6 -8.1

6.9 7.7 2.8 5.0 5.4 19.8 9.3 6.1 : -1.0 7.0 12.7 22.7 0.2 10.7 1.1 2.5 -2.8 2.8 27.6 12.0 7.4 -0.9 -1.1 1.7 19.4 18.3 -14.0 9.9 2.0

10.4 11.4 3.8 3.9 10.0 -0.7 16.6 11.8 : 2.3 12.1 5.8 19.5 3.2 3.2 2.1 16.1 -8.3 -3.6 31.9 9.8 13.9 -2.0 0.3 1.2 20.6 27.6 0.9 7.4 13.0

12.3 11.9 2.6 6.6 5.2 21.9 13.3 11.0 : 1.9 11.7 11.0 21.6 6.5 7.5 7.1 16.1 6.0 4.7 43.6 13.3 22.4 7.1 0.8 2.4 25.7 18.1 15.8 27.3 15.3

16.1 15.7 7.2 7.7 5.4 16.2 21.3 20.1 : -0.6 7.2 7.1 23.1 10.0 19.9 9.6 11.6 4.9 7.8 28.2 22.2 30.1 12.4 8.0 1.5 26.6 26.6 30.2 23.9 22.8

14.8 15.5 -2.9 7.7 7.0 12.4 19.4 15.4 : 7.1 4.3 16.7 25.4 10.5 9.9 10.4 15.7 16.1 22.1 38.0 17.5 29.4 9.1 5.6 1.5 26.1 4.7 31.7 24.8 11.6

17.3 18.2 -0.5 10.2 9.1 12.9 24.3 15.0 : 2.7 1.8 18.6 35.3 13.5 -0.2 9.7 28.2 12.0 17.7 35.7 15.3 32.9 10.2 7.5 3.4 26.6 15.4 26.5 33.1 13.0

12

TABLE 2a (continued) : Quarterly

survey of manufacturing industry (s.a.) (Data collected in January, April, July and October each year.)

Export volume expectations in manufacturing industry (b) (Question 12) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

I-09 I-09 IV-08 I-09 I-09 I-09 I-09 I-09 : II-09 I-09 I-09 II-09 I-09 II-09 I-09 II-09 I-09 I-09 I-09 I-09 I-09 I-09 I-09 I-09 I-09 II-09 I-09 I-08 IV-98

-26.1 -28.2 -18.6 -1.7 -41.4 -23.0 -29.8 -28.0 : -12.4 -14.8 -41.4 -9.2 -27.0 -37.0 -17.6 -25.5 -74.3 -37.0 -23.2 -20.6 -22.0 -14.1 -43.7 -13.3 -32.1 -52.2 -42.1 -21.5 -42.8

Ave. 7.6 7.3 6.0 16.6 21.1 9.8 6.0 13.1 : 18.7 5.2 3.4 20.2 11.0 -1.5 10.8 10.8 -5.3 9.3 20.3 6.8 8.5 12.5 11.5 10.6 21.0 25.6 9.1 18.8 4.7

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

I-11 I-11 IV-06 III-95 IV-97 I-98 I-11 III-00 : I-00 IV-16 II-00 III-15 I-96 IV-15 IV-00 III-97 II-00 IV-00 I-11 IV-94 III-06 IV-04 II-94 III-96 II-00 I-96 II-15 III-09 III-14

20.2 20.5 19.1 38.8 55.0 24.2 25.8 37.6 : 36.2 16.7 23.4 37.7 25.1 33.9 25.5 35.7 44.1 31.1 45.6 21.9 19.7 24.3 53.3 34.2 42.0 74.7 50.4 47.0 29.8

8.4 8.1 9.6 16.8 19.3 8.7 6.0 5.8 : 17.4 7.3 12.0 36.4 10.1 9.1 1.8 24.0 -8.7 9.4 18.6 8.1 1.9 5.6 5.9 5.6 22.5 12.6 -3.2 23.3 3.3

7.2 6.5 16.8 14.2 14.9 16.5 2.9 9.4 : 22.2 7.6 8.5 32.1 10.7 5.1 3.5 7.1 -5.0 10.6 19.6 6.4 2.8 4.6 3.9 3.2 25.1 3.7 -8.1 11.2 9.9

7.9 6.8 7.0 11.9 18.3 18.0 5.5 8.3 : 16.6 7.5 4.8 26.6 9.0 33.5 5.6 15.7 -16.3 5.6 27.9 6.2 0.3 5.1 3.8 3.8 16.1 24.4 -3.7 10.1 10.5

13.5 12.2 11.1 13.7 18.1 18.5 13.7 5.9 : 15.7 16.7 6.3 26.6 11.8 -5.9 4.4 13.6 2.6 13.6 39.6 8.4 11.2 8.1 7.0 5.1 22.5 25.3 3.3 20.4 21.8

13.1 11.5 12.1 13.7 18.4 19.5 11.1 8.7 : 14.1 12.9 8.4 30.1 13.1 18.0 10.0 14.9 -7.6 9.8 18.8 9.7 8.3 8.1 7.9 5.4 21.0 38.2 10.5 25.0 21.6

12.1 11.7 8.0 12.3 10.0 14.1 13.6 16.9 : 23.8 6.4 8.6 27.1 13.6 15.2 10.1 5.3 2.3 11.5 24.3 11.6 11.9 8.6 6.1 3.2 20.7 16.4 3.7 14.6 16.9

16.4 15.7 5.9 12.8 8.4 10.3 20.9 18.0 : 26.5 7.7 11.7 34.9 13.5 2.0 9.4 13.4 17.5 17.9 22.8 8.1 14.9 9.0 10.8 4.4 23.0 17.1 26.0 16.0 28.8

17.7 16.8 18.0 16.3 24.9 22.0 21.1 15.8 : 15.2 -4.6 19.3 30.9 15.3 2.0 9.7 9.8 14.1 15.4 34.1 11.2 14.2 8.4 11.9 7.5 25.8 31.3 39.9 17.5 27.6

Competitive position on foreign markets outside the EU (b) (Question 16) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

I-04 II-09 I-09 II-09 IV-09 IV-98 I-04 I-09 : IV-11 I-04 I-04 III-09 III-05 IV-13 I-09 III-09 I-04 II-09 II-05 IV-09 III-09 I-02 II-09 IV-01 II-09 I-10 II-09 IV-12 II-98

-9.8 -9.1 -22.3 -10.5 -14.7 -37.3 -8.2 -13.6 : -5.0 -5.8 -16.6 -11.7 -12.2 -53.4 -12.4 -20.0 -37.8 -14.0 -39.3 -8.0 -7.4 -30.2 -16.5 -16.6 -29.8 -16.1 -25.7 -36.6 -47.7

Ave. 0.2 1.9 -5.8 1.3 5.1 -6.8 2.9 3.2 : 3.5 7.0 -2.0 5.8 0.6 -5.9 5.4 0.7 -4.7 -0.9 -4.8 0.1 6.1 -4.4 5.5 2.4 -5.8 2.4 -3.9 -4.7 -5.8

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

IV-00 IV-00 III-16 I-07 III-01 II-07 I-11 I-11 : III-95 II-15 IV-97 III-08 II-01 I-16 I-02 IV-02 III-10 III-00 III-07 III-97 II-00 III-04 IV-96 IV-02 II-15 IV-01 IV-00 III-09 I-09

8.3 11.0 9.6 16.8 26.6 11.3 13.0 13.0 : 11.5 18.9 16.2 16.8 14.4 46.4 33.3 13.1 28.9 14.8 39.6 6.4 17.6 2.2 21.1 10.4 10.6 25.4 34.4 26.7 36.3

0.9 3.3 -0.7 3.7 2.6 -3.9 2.5 0.3 : -0.6 13.7 1.4 4.9 1.6 46.4 -1.7 2.0 -4.0 4.4 1.4 1.7 4.4 -1.1 5.4 3.7 5.5 9.5 3.0 0.0 -16.3

0.5 1.7 0.9 4.0 2.4 -7.9 -0.9 -0.5 : 1.9 12.3 3.1 12.3 1.5 4.9 -0.7 -2.5 0.8 1.7 -2.1 1.3 0.1 -2.4 2.7 2.0 5.2 9.6 -6.0 0.1 -6.4

3.4 2.8 9.6 3.4 4.9 -7.6 2.1 1.8 : 6.2 9.4 0.0 10.8 2.4 3.7 -2.5 1.0 -10.5 -1.6 4.5 2.3 0.8 -0.4 4.5 1.4 0.1 12.9 -10.1 -7.8 15.3

5.4 3.2 0.4 2.4 2.8 1.8 3.1 1.1 : 9.6 12.3 -0.5 11.6 3.9 -10.4 -0.6 7.9 4.1 2.2 -3.6 1.0 3.8 -1.5 3.1 5.3 0.4 14.5 -14.3 -0.2 27.5

6.1 3.7 1.8 -0.9 2.6 4.6 1.4 3.0 : 5.5 10.3 2.8 10.0 6.5 -16.6 0.4 1.3 7.8 -3.1 -2.7 2.2 5.3 -2.0 4.5 3.2 4.1 11.7 -1.8 4.6 30.8

7.1 4.2 -1.5 2.3 3.4 2.6 3.7 5.5 : 4.3 14.3 1.3 13.3 5.0 0.5 0.3 2.5 0.2 4.2 0.1 2.1 7.2 -2.2 5.6 0.6 3.4 12.4 6.8 5.9 33.4

6.7 4.8 -3.6 0.3 -3.5 -1.5 5.0 7.6 : 6.5 7.9 2.5 7.4 6.6 -18.6 -1.0 0.1 -8.9 5.5 -0.4 2.8 7.5 -1.5 6.1 3.2 0.6 13.9 1.7 13.9 25.4

6.7 5.8 1.6 -1.0 -4.2 -0.7 8.8 8.4 : 9.2 1.1 1.0 12.9 6.2 6.6 -1.1 -0.4 -18.1 6.6 -1.8 3.5 8.8 -1.6 3.6 2.8 5.0 7.8 1.4 5.7 23.2

(*) Minimum, maximum and averages are calculated over the period of availability which is not necessarily as from 1990. (a) Answers to the questions whether, taking into account the level of order-books or production, capacity is more than sufficient (+), sufficient (=) or less than sufficient (–). Thus, negative balances (capacity less than sufficient) indicate high levels of capacity utilisation, whereas positive balances (capacity more than sufficient) are associated with low levels of capacity utilisation. (b) Balances: i.e. differences between the percentages of respondents giving positive and negative replies.

13

TABLE 3: Monthly

survey of services (s.a.) Since 1990 (*) Min.

SERVICES CONFIDENCE (a) INDICATOR

ASSESSMENT OF BUSINESS SITUATION OVER THE PAST 3 MONTHS (Question 1) Component of the services confidence indicator

EVOLUTION OF DEMAND OVER THE PAST 3 MONTHS (Question 2) Component of the services confidence indicator

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

03-09 03-09 04-09 06-10 09-09 02-13 12-02 02-09 : 10-12 01-09 04-09 07-09 09-12 04-13 03-09 03-09 : 03-09 03-09 03-09 04-09 03-09 10-12 06-09 04-09 05-09 12-01 04-09 03-09 03-09 03-09 04-09 06-10 09-09 12-11 01-03 04-09 : 08-12 05-09 07-91 07-09 10-02 04-13 03-09 05-09 : 02-09 03-09 07-93 06-09 03-09 11-12 05-09 10-12 04-09 12-01 01-02 03-09 03-09 03-09 04-09 06-10 08-09 04-13 01-03 04-09 : 10-12 05-09 04-09 07-09 08-02 04-13 04-09 03-09 : 09-09 06-09 03-09 04-09 01-03 10-12 05-09 06-09 05-09 10-01 02-09 03-09

-30.2 -25.7 -42.9 -13.6 6.4 -10.1 -19.9 -50.3 : -46.0 -38.7 -28.8 -31.6 -24.3 -59.0 -43.9 -47.2 : -44.2 -22.0 -41.6 -24.9 -12.0 -31.5 -19.3 -28.9 -24.0 -47.6 -26.3 -57.4 -35.2 -31.2 -55.1 -14.1 25.2 -16.2 -38.8 -54.0 : -47.3 -49.0 -34.1 -39.6 -34.7 -64.8 -42.4 -49.5 : -40.9 -31.9 -68.7 -28.3 -14.1 -36.4 -18.0 -19.6 -28.9 -92.4 -60.2 -64.0 -30.8 -26.3 -45.0 -25.0 -13.0 -13.5 -26.5 -60.8 : -50.4 -51.2 -27.7 -35.9 -43.8 -57.5 -48.0 -55.3 : -47.3 -26.3 -36.1 -25.5 -22.4 -38.6 -19.4 -41.5 -30.2 -41.1 -30.4 -56.1

9.1 9.6 12.1 10.1 33.5 5.6 18.1 9.5 : 8.2 10.8 -0.5 1.7 3.9 2.0 4.4 7.6 : -6.0 21.7 6.4 14.5 3.3 0.7 12.0 13.9 24.3 14.2 20.3 4.5 4.2 6.0 1.7 8.0 55.1 2.8 16.6 11.7 : 1.1 6.5 -3.7 -3.4 4.0 -5.1 3.1 7.2 : -6.9 19.8 -16.7 11.0 2.5 -2.4 14.2 20.6 20.4 8.3 16.0 -9.1 7.9 7.8 11.5 3.4 20.7 4.8 15.8 8.9 : 9.8 3.2 1.1 -0.6 -2.7 -0.7 2.4 7.7 : -8.1 22.7 18.6 17.0 0.7 -0.8 9.8 7.4 24.0 17.6 19.5 6.9

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

06-98 08-98 08-07 03-07 02-07 05-10 03-99 01-06 : 08-00 06-98 01-90 09-16 04-00 10-17 12-06 07-06 : 09-17 05-07 04-07 06-98 07-07 06-01 06-04 09-02 03-02 09-00 02-11 10-97 04-00 08-00 07-07 05-02 07-02 05-10 12-98 11-02 : 09-00 04-00 12-04 11-16 04-00 06-17 04-03 03-03 : 05-02 05-07 05-07 10-17 08-07 11-97 04-03 10-02 06-03 11-02 02-11 12-97 08-98 03-00 05-11 01-07 04-07 05-10 09-98 01-06 : 06-01 06-98 01-90 06-17 03-01 06-17 11-06 07-06 : 09-17 05-07 06-98 08-00 07-07 01-08 06-04 03-06 07-03 04-01 01-01 01-97

33.6 35.7 32.2 33.4 52.6 28.6 50.1 38.3 : 58.7 54.0 16.2 25.9 33.1 37.5 20.9 34.3 : 17.1 65.2 46.5 33.4 22.7 24.6 56.2 38.0 62.6 51.1 53.0 36.1 33.6 42.6 31.7 46.1 74.7 26.3 59.3 47.4 : 54.7 64.9 18.4 26.2 55.9 36.1 20.4 50.9 : 17.9 75.7 49.7 32.7 20.3 21.6 67.0 56.8 63.2 112.4 52.9 26.9 31.3 33.7 35.7 29.2 43.9 32.8 41.2 48.6 : 67.7 53.8 18.9 27.0 22.7 43.6 20.9 45.4 : 17.1 69.9 78.5 43.1 21.8 24.1 56.9 36.7 65.5 71.6 53.3 41.7

9.9 12.2 19.1 12.8 37.7 0.8 22.5 6.0 : 3.5 18.3 -1.0 23.4 8.4 20.2 5.1 8.8 : 2.4 30.1 8.6 17.3 0.1 6.2 9.7 21.1 13.3 13.6 29.0 -1.5 7.4 9.9 13.2 9.5 61.2 -0.6 20.3 8.4 : 3.0 11.9 -3.9 26.2 11.7 18.8 3.6 9.1 : 1.8 23.7 4.7 12.3 -1.0 2.7 11.5 37.2 21.4 9.3 22.4 -7.0 9.1 11.1 16.6 3.5 27.0 -1.9 23.0 3.7 : 2.0 9.1 0.0 24.7 6.9 20.8 4.6 5.9 : -3.2 29.9 8.4 18.0 -1.7 2.7 9.2 11.0 19.3 11.2 29.3 -0.3

12.7 13.0 18.5 10.6 37.7 4.1 23.2 6.0 : -3.1 20.0 2.3 25.8 5.8 28.4 6.5 14.9 : 3.1 30.2 10.0 19.1 0.9 7.9 7.8 21.3 10.1 16.0 33.1 10.5 11.0 12.0 15.1 10.5 61.9 5.1 22.2 6.1 : -4.1 14.1 -1.5 22.8 15.6 29.6 5.0 11.6 : 2.5 27.3 5.5 19.9 -0.3 -1.0 7.9 37.4 14.4 5.2 32.9 3.1 12.2 12.3 15.0 0.2 27.7 1.5 24.9 2.6 : -2.5 14.3 3.9 26.2 0.3 15.3 5.4 12.1 : 0.5 34.8 11.1 20.0 -1.0 5.1 5.6 14.7 16.4 18.6 33.5 11.6

10.6 12.9 21.1 12.0 36.9 10.4 21.5 7.3 : -3.2 18.8 0.7 21.8 9.2 30.0 5.1 11.9 : 5.6 23.9 13.1 21.8 2.6 8.5 10.1 21.4 11.0 17.7 30.2 -1.8 8.4 12.3 13.7 11.7 60.9 8.6 19.3 8.4 : -1.3 13.0 -1.3 17.5 18.1 27.2 5.4 10.2 : 1.2 27.8 10.4 23.2 2.2 5.1 10.6 36.6 20.9 14.5 24.0 -12.5 11.1 12.8 20.3 4.1 28.2 9.0 22.2 7.5 : -5.5 11.5 3.5 15.6 8.7 27.0 3.0 16.6 : 2.6 28.2 14.9 23.5 1.0 2.6 10.8 10.8 4.8 17.6 32.7 2.1

12.1 13.9 17.4 12.8 35.1 7.7 22.3 11.7 : 1.9 20.5 1.9 19.7 10.3 26.2 7.4 11.3 : 8.0 32.8 13.8 21.1 3.1 10.8 8.0 22.0 16.0 17.2 29.5 2.6 9.9 13.1 8.8 11.6 63.7 7.1 21.0 13.7 : 0.8 15.0 1.3 15.5 17.7 28.1 7.5 10.0 : 6.8 21.8 10.5 18.5 2.2 8.8 8.2 36.9 19.9 7.9 26.9 -7.5 13.3 14.5 19.6 4.2 18.9 5.0 24.2 10.9 : -0.5 14.3 3.3 18.1 10.9 25.5 7.3 12.9 : 6.1 39.5 16.3 23.7 1.9 9.7 7.6 17.7 12.8 19.0 27.9 9.5

11.7 12.8 11.9 12.7 33.6 6.8 20.8 10.0 : 6.6 18.4 2.9 23.5 7.6 26.1 6.8 10.9 : 11.1 25.4 13.3 21.5 2.4 10.8 8.5 24.8 10.1 18.6 28.0 5.4 9.2 11.4 5.7 8.0 61.6 7.7 20.5 12.9 : 6.3 13.6 -0.4 17.6 11.2 22.8 7.3 7.7 : 9.7 24.8 8.1 23.4 1.7 6.8 9.0 40.0 3.0 11.0 24.6 -4.2 12.3 14.0 5.6 7.3 18.7 6.2 22.0 12.6 : 9.1 13.2 6.9 16.7 10.9 25.1 5.9 12.9 : 12.7 31.5 15.7 20.7 1.5 9.9 10.0 21.8 3.6 19.6 25.6 5.8

13.3 14.2 12.6 12.9 37.7 6.5 22.0 9.8 : 8.9 22.9 1.6 21.6 10.2 31.2 7.4 18.2 : 11.9 33.9 14.6 24.0 3.0 9.0 10.5 25.1 14.2 22.9 26.2 8.5 10.3 12.5 8.5 12.4 62.7 5.3 20.8 13.8 : 11.8 17.5 -0.8 17.6 11.7 30.2 7.1 17.2 : 12.5 30.1 9.4 24.6 3.2 10.9 11.1 37.6 21.4 16.6 24.0 -2.4 15.6 16.5 9.8 8.5 25.7 5.0 28.1 13.0 : 5.2 15.5 4.8 23.1 13.4 32.8 7.9 18.0 : 13.6 40.1 17.7 26.7 2.6 5.9 9.4 20.4 14.8 26.7 27.2 13.0

10.7 12.8 15.4 12.9 37.2 9.6 17.9 8.7 : 11.5 24.4 0.4 21.3 8.7 35.9 6.5 17.5 : 14.7 24.9 12.2 25.6 1.3 18.3 13.7 22.6 10.5 23.1 27.4 -1.2 7.6 11.4 12.8 10.1 62.1 7.6 16.5 8.8 : 10.1 21.5 -0.3 18.0 9.1 35.3 6.0 18.6 : 12.6 23.0 7.9 21.8 1.2 19.2 10.8 38.6 13.3 16.9 22.3 -13.4 11.2 14.4 12.3 7.9 25.0 9.1 20.7 9.9 : 14.1 21.3 1.8 20.3 12.2 36.6 7.3 16.4 : 7.3 29.9 13.6 31.4 0.4 20.7 11.9 17.1 10.0 26.1 27.5 -3.7

10.8 13.3 20.2 13.9 36.6 10.2 18.8 18.0 : 9.0 22.7 0.6 23.7 9.4 37.3 6.4 15.7 : 15.5 21.3 13.7 27.3 1.8 10.3 12.7 23.2 7.7 25.4 27.0 -2.4 8.7 12.0 13.4 11.2 62.6 7.5 17.6 19.1 : 9.4 18.7 -0.7 23.7 12.4 36.1 7.2 13.0 : 11.3 14.2 9.5 28.1 1.3 10.6 12.3 37.5 5.5 21.0 19.3 -9.4 11.6 14.6 27.6 12.6 21.9 12.4 21.6 18.0 : 8.7 19.8 2.1 27.0 9.6 43.6 5.7 17.4 : 12.1 29.0 15.8 30.6 1.2 7.7 14.5 14.0 12.1 25.3 26.4 -2.7

12.4 14.2 21.7 12.1 37.1 7.4 20.3 17.7 : 17.4 24.3 1.6 20.5 6.5 35.1 5.3 17.9 : 16.5 29.7 15.1 32.1 1.9 16.4 11.2 23.2 13.9 21.3 27.7 3.3 8.9 12.2 15.4 7.9 61.5 6.6 18.4 22.1 : 21.9 19.5 -1.6 18.5 8.8 33.9 4.3 13.3 : 13.0 24.7 11.5 29.4 1.0 12.8 11.3 37.4 2.9 21.1 24.8 -9.0 13.1 14.9 21.6 5.6 26.8 8.8 21.1 21.9 : 13.4 24.8 2.8 25.0 7.3 33.5 5.3 16.1 : 12.7 31.1 16.0 33.6 0.4 17.5 11.8 19.0 25.5 19.9 22.4 5.9

12.9 15.1 12.9 13.9 37.1 9.2 20.3 15.0 : 22.9 26.3 4.6 19.8 10.1 17.1 6.4 17.4 : 14.9 33.7 12.9 24.1 0.5 13.5 10.4 24.4 10.2 23.1 29.0 2.5 9.2 13.1 8.9 8.4 62.0 6.0 16.7 17.5 : 28.9 23.9 1.1 14.4 12.9 13.5 3.5 14.1 : 14.6 30.7 10.6 22.0 -0.3 14.7 11.8 38.1 10.3 18.0 21.2 -11.1 13.4 15.3 8.9 8.5 25.9 9.5 21.3 20.5 : 19.5 23.4 6.8 26.4 8.7 14.7 5.3 14.3 : 8.7 32.6 15.1 29.3 -1.4 10.2 10.7 18.7 7.9 25.0 29.5 5.6

12.6 15.4 13.1 12.5 37.9 10.3 18.7 14.4 : 15.3 25.0 5.9 17.8 11.3 25.8 7.1 20.3 : 17.1 34.8 15.4 29.6 2.0 17.5 8.4 23.4 22.9 26.7 26.1 -0.7 8.9 13.1 10.6 7.0 61.6 7.0 13.4 14.8 : 22.8 22.3 2.6 9.7 13.6 15.3 5.8 16.7 : 16.3 28.8 11.5 28.9 1.6 20.8 8.6 38.7 25.5 23.8 19.3 -12.1 14.0 16.7 14.8 7.0 28.1 13.8 19.7 14.9 : 16.8 23.5 8.6 20.3 13.0 14.6 6.0 21.6 : 17.1 32.3 18.4 34.6 0.6 14.3 6.6 15.5 32.8 25.3 28.5 2.4

14.1 16.2 11.0 14.5 35.6 8.7 21.3 13.1 : 14.4 26.4 5.6 19.6 12.5 37.5 7.6 18.2 : 13.9 33.6 14.0 32.3 2.5 14.6 12.0 26.9 11.0 26.3 27.8 4.3 11.5 14.1 6.5 8.5 61.8 7.8 19.0 14.8 : 17.6 22.7 3.1 14.0 13.5 26.4 6.5 17.0 : 15.9 27.5 9.8 32.7 1.2 12.2 12.3 40.1 4.3 21.0 22.4 -2.4 14.8 17.1 13.1 11.3 23.3 10.2 22.2 17.3 : 14.4 27.1 7.1 20.1 13.2 29.5 7.2 18.7 : 12.7 29.1 15.0 38.9 0.3 11.2 10.0 19.4 13.2 26.3 27.7 5.7

14

TABLE 3 (continued) : Monthly

survey of services (s.a.) Since 1990 (*) Min.

EVOLUTION OF DEMAND EXPECTED OVER THE NEXT 3 MONTHS (Question 3) Component of the services confidence indicator

EVOLUTION OF EMPLOYMENT OVER THE PAST 3 MONTHS (Question 4)

EVOLUTION OF EMPLOYMENT EXPECTED OVER THE NEXT 3 MONTHS (Question 5)

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

03-09 03-09 02-09 06-10 06-09 01-12 11-01 03-09 : 08-15 02-09 04-09 03-09 04-96 04-13 03-09 03-09 : 03-09 04-09 02-09 02-09 03-03 09-03 06-09 04-09 03-09 07-02 04-09 01-09 06-09 05-09 04-09 08-12 07-09 06-12 12-02 02-09 : 06-01 02-10 05-09 11-09 02-14 10-12 08-09 08-09 : 04-09 03-09 07-09 08-09 01-04 05-03 01-03 04-10 12-04 07-03 04-03 07-09 02-09 04-09 03-09 05-02 06-13 01-12 02-09 03-09 : 08-15 02-09 05-09 08-09 08-14 04-13 04-09 05-02 : 04-09 03-09 04-09 04-09 03-03 07-03 06-02 09-13 12-04 11-96 02-09 01-09

-24.6 -19.7 -31.9 -1.6 -1.8 -7.7 -15.7 -46.2 : -54.1 -27.0 -28.1 -21.8 -31.3 -54.6 -43.3 -41.3 : -48.7 -17.7 -30.1 -30.6 -15.1 -23.0 -22.9 -30.0 -19.0 -41.0 -25.7 -54.1 -22.1 -18.3 -46.0 -30.5 -43.9 -17.6 -21.3 -28.2 : -44.5 -25.7 -26.7 -12.0 -23.7 -19.9 -47.9 -54.9 : -29.5 -22.4 -37.6 -22.8 -17.0 -38.6 -28.8 -36.7 -67.6 -36.6 -39.9 -41.4 -20.4 -16.6 -33.9 -30.9 -33.5 -19.0 -14.0 -26.9 : -45.9 -16.1 -27.9 -11.0 -19.8 -26.1 -39.9 -48.9 : -31.2 -22.0 -29.3 -21.8 -11.9 -54.8 -44.7 -31.8 -67.5 -31.6 -36.8 -49.1

15.4 15.0 23.0 18.9 24.7 9.2 22.0 7.9 : 13.7 22.7 1.2 9.3 10.8 11.9 7.7 8.0 : -3.1 22.7 15.3 15.7 6.8 5.3 12.1 13.5 28.3 16.7 25.5 15.8 5.8 6.0 6.8 -7.1 -5.8 -4.5 12.2 3.5 : -4.4 5.5 2.4 -0.7 2.0 0.2 0.1 0.3 : -7.1 10.6 1.5 8.3 -1.7 -7.3 -1.4 -3.4 -22.0 11.9 4.0 6.4 6.7 5.5 17.6 -5.8 -8.7 -2.9 6.0 10.5 : -1.1 9.2 1.5 0.3 2.3 1.8 3.4 2.8 : -3.2 12.6 4.9 7.6 0.4 -4.9 -0.2 -1.4 -19.3 10.9 10.3 13.1

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

12-97 08-00 07-00 05-02 02-07 01-11 09-00 12-05 : 09-01 06-98 11-06 03-17 06-98 10-17 12-06 01-08 : 05-17 08-07 02-07 12-96 12-07 06-01 06-04 07-08 01-02 04-00 02-01 10-97 02-99 02-99 12-99 08-07 11-02 04-11 03-99 01-11 : 06-00 08-98 02-01 07-16 04-06 07-08 12-06 04-07 : 01-16 05-07 09-98 01-13 01-08 07-98 12-04 04-08 06-16 11-97 01-01 08-15 10-99 10-99 12-99 04-08 05-16 01-11 07-17 03-05 : 05-99 04-00 12-00 08-17 04-00 07-08 08-06 01-07 : 01-16 08-17 03-07 08-00 12-07 05-98 03-03 10-08 02-16 07-00 09-00 07-14

40.6 41.9 47.1 49.2 50.4 35.4 60.0 32.9 : 73.5 57.6 17.4 36.3 42.0 56.4 27.8 30.3 : 24.1 52.6 58.9 36.7 28.2 33.1 51.4 43.2 85.5 51.9 66.0 55.7 27.3 30.0 33.7 9.6 27.0 7.8 42.3 18.0 : 41.9 44.0 25.4 16.2 27.9 36.4 17.6 42.2 : 13.1 38.5 51.8 27.1 12.8 23.3 23.7 26.3 18.1 88.0 42.1 42.2 23.2 21.6 45.2 15.4 24.7 13.4 20.8 27.0 : 46.7 40.4 21.9 18.5 26.2 30.0 20.4 35.1 : 16.8 41.0 33.0 36.9 18.6 21.5 24.9 25.8 24.2 81.2 62.2 40.5

13.3 15.5 27.4 25.3 24.9 4.9 24.2 6.0 : 5.4 33.8 0.9 19.2 6.7 20.9 7.2 11.3 : 8.6 36.9 12.5 21.5 2.9 13.2 8.3 15.0 -0.6 20.2 35.3 2.9 7.5 7.8 16.5 4.2 7.5 -4.3 14.4 -0.7 : -2.6 15.2 6.3 12.2 -4.5 -1.6 3.9 7.5 : 4.1 24.9 4.5 8.3 -2.3 1.8 3.3 4.5 -17.9 4.6 11.6 8.3 12.5 11.2 30.0 3.7 7.2 -2.3 18.4 12.0 : -0.9 14.6 10.2 8.7 0.0 -5.4 2.8 6.1 : 6.9 27.8 4.8 8.7 -0.4 1.8 7.8 6.0 4.6 4.3 14.3 22.1

15.0 14.6 25.4 21.2 23.4 5.9 22.4 9.3 : -2.7 31.5 4.5 28.4 1.4 40.3 9.1 21.0 : 6.2 28.7 13.3 17.4 4.1 19.5 10.1 11.6 -0.4 24.2 32.8 16.8 8.3 9.5 13.4 1.3 9.1 -4.5 17.3 -1.5 : -6.6 15.4 9.0 8.8 -1.5 -4.2 1.0 12.4 : 0.7 15.1 2.2 9.6 -1.4 0.0 2.2 9.9 5.4 8.8 14.4 5.2 10.4 11.0 29.3 6.6 12.3 -2.0 18.6 11.5 : -5.9 15.3 10.3 10.9 -2.5 -3.8 3.1 7.5 : 7.4 24.4 5.0 10.6 0.1 7.2 5.9 7.8 4.9 5.4 19.7 9.4

12.4 13.5 29.2 20.0 21.5 13.7 22.8 5.9 : -2.7 32.0 -0.1 32.2 0.8 35.9 6.9 8.9 : 13.1 15.8 14.0 18.8 4.7 17.6 8.8 16.8 7.2 21.1 33.8 5.1 10.0 11.7 10.8 -1.9 -1.1 -1.0 15.4 -4.6 : -6.5 14.6 12.2 10.7 8.8 -5.7 -0.7 10.8 : -1.4 32.1 4.3 16.0 0.1 -2.8 2.8 9.9 8.7 9.3 16.0 6.4 8.3 9.7 30.3 3.4 9.8 0.5 16.4 15.7 : -2.0 8.3 9.9 13.2 -0.2 10.8 1.7 8.4 : 1.8 20.5 8.8 1.1 1.3 4.7 5.2 2.2 -13.0 1.0 21.8 2.6

12.9 14.1 23.7 22.6 22.7 11.1 21.7 10.6 : 5.5 32.2 0.9 25.6 2.4 25.1 7.4 11.1 : 11.1 36.9 14.5 21.1 5.0 13.9 8.3 11.2 15.3 24.7 33.8 5.9 11.0 11.2 20.2 -4.6 2.0 -4.9 16.2 2.5 : -2.4 11.6 11.8 9.9 4.6 -1.0 0.7 4.2 : -4.4 28.8 7.1 11.6 -0.1 0.5 2.2 3.8 -6.6 3.1 15.6 14.6 10.4 10.6 20.5 6.3 11.7 -2.6 16.1 14.4 : -2.8 12.6 11.3 17.2 0.0 4.1 4.5 8.9 : 2.1 29.9 6.8 15.4 1.6 5.0 2.9 11.8 -3.7 4.8 19.4 11.7

13.6 13.2 24.5 22.7 20.5 6.5 19.9 4.6 : 4.3 28.5 2.1 36.3 0.8 30.5 7.3 12.0 : 10.9 19.9 16.3 20.4 4.0 15.7 6.4 12.7 23.6 25.2 34.0 14.5 8.1 10.3 -0.5 -6.0 -0.6 -2.6 16.1 7.7 : -0.9 8.3 14.1 8.4 3.1 -1.4 0.4 6.9 : 4.3 25.7 6.2 14.1 0.4 -0.1 2.2 18.1 -19.5 5.6 13.3 1.6 10.8 10.4 22.9 1.6 13.4 -4.3 14.1 15.2 : -7.5 18.9 12.8 16.3 -3.4 3.1 4.0 8.7 : 3.7 16.0 7.9 12.4 3.6 4.9 3.4 15.6 -9.3 7.9 19.3 14.5

14.0 13.7 19.5 17.9 24.7 9.2 17.2 2.5 : 9.8 35.6 0.7 24.1 5.5 30.5 7.3 19.4 : 9.6 31.7 16.7 20.6 3.2 10.2 10.9 17.3 6.3 25.3 27.5 14.8 10.5 11.1 13.0 2.8 6.8 -2.8 17.4 0.2 : 2.3 12.1 13.1 15.1 1.8 5.8 2.6 10.4 : -1.6 16.0 5.1 13.0 -0.5 4.1 4.1 10.0 -12.3 12.2 10.1 11.8 11.3 11.6 19.6 1.1 9.1 -3.1 17.7 12.9 : -1.2 18.7 12.3 12.1 -3.0 4.6 4.4 11.4 : 4.1 20.5 6.6 15.1 2.3 3.2 2.7 18.2 8.7 11.9 14.5 13.5

13.3 12.6 20.9 20.8 24.7 12.2 16.4 7.3 : 10.1 30.6 -0.3 25.7 4.8 35.8 6.2 17.5 : 24.1 21.9 15.1 23.5 2.4 14.9 18.4 12.1 8.3 26.4 32.4 13.3 9.4 12.5 16.0 6.4 6.9 -2.9 18.8 -1.4 : 5.2 14.2 12.5 13.5 4.1 1.9 1.6 5.4 : 2.9 15.2 7.5 16.9 0.0 3.0 0.7 11.2 -2.1 8.9 9.9 0.3 10.8 10.7 21.8 8.6 11.5 -4.4 16.0 13.8 : 1.3 16.1 10.6 11.6 -2.9 3.4 2.9 7.5 : 12.5 16.1 6.9 19.5 2.2 4.4 2.6 16.1 0.5 11.3 18.3 13.6

12.1 13.1 19.5 17.9 25.3 10.6 17.2 16.9 : 9.0 29.5 0.5 20.5 6.3 32.1 6.2 16.6 : 23.2 20.9 15.8 23.4 2.8 12.6 11.2 18.0 5.4 30.0 35.3 4.9 10.1 11.5 10.3 3.1 7.1 -3.3 17.1 4.9 : 9.7 14.6 13.6 8.2 0.5 6.0 -0.1 4.5 : 2.7 9.4 8.7 13.5 0.5 -1.1 2.4 19.1 -10.5 11.2 9.4 8.0 11.8 10.6 17.0 8.3 8.7 -3.7 18.3 15.4 : -1.4 17.7 6.5 8.5 -0.4 6.2 3.4 3.4 : 11.9 28.9 9.5 10.1 1.9 4.1 2.4 18.0 -2.7 8.4 20.2 19.6

15.2 15.5 28.1 22.8 22.9 6.9 21.5 9.1 : 16.7 28.7 3.5 17.9 3.2 37.9 6.4 24.3 : 23.8 33.4 17.9 33.4 4.2 18.9 10.6 13.2 13.2 22.8 35.9 13.1 11.6 10.9 12.5 1.6 22.2 -6.4 18.3 2.3 : 9.8 12.3 12.2 10.0 -1.3 2.4 2.0 2.1 : 4.9 14.7 8.2 14.1 1.8 -1.9 3.2 17.7 -6.3 7.8 17.0 17.0 14.5 12.8 23.9 7.4 17.0 -8.4 20.8 12.5 : 2.5 18.2 6.4 13.5 3.5 2.4 1.5 6.9 : 10.0 28.7 12.0 17.8 2.4 6.2 5.5 9.8 3.3 8.8 26.0 25.0

16.2 16.8 20.9 24.7 23.5 12.0 22.9 6.9 : 20.2 31.6 5.9 18.6 8.9 23.3 10.4 23.7 : 21.2 37.9 13.1 21.0 3.3 15.5 8.9 16.4 12.5 26.3 36.3 13.1 11.7 11.1 15.5 5.0 21.4 -3.3 18.5 -1.4 : 9.7 17.0 8.1 10.7 -0.1 0.6 1.0 3.8 : 5.0 27.2 8.7 17.2 -1.0 -3.8 1.7 10.9 -20.8 15.7 11.2 17.5 14.7 11.4 21.8 10.3 19.8 -4.9 15.5 8.3 : 7.5 17.2 5.7 18.5 4.8 4.5 5.1 11.9 : 10.8 41.0 9.8 17.7 0.0 6.2 5.1 15.0 5.7 9.6 23.2 32.0

14.8 16.4 13.8 23.6 23.9 10.1 22.9 13.6 : 6.3 29.3 6.5 23.5 7.2 47.5 9.5 22.6 : 18.0 43.3 16.3 25.2 3.9 17.5 10.1 16.0 10.6 31.0 30.5 7.5 9.2 9.8 17.8 2.7 16.1 -2.4 13.6 -1.9 : 9.1 15.4 8.2 4.5 1.7 1.0 0.8 12.8 : 5.2 30.4 6.2 15.0 0.3 -0.6 3.3 11.4 -24.3 8.5 18.7 8.1 12.0 12.0 16.2 10.4 16.4 -3.7 18.8 16.7 : 3.8 12.4 7.5 13.2 2.6 10.7 6.3 17.3 : 12.7 32.1 12.6 21.0 1.5 8.8 4.4 22.2 12.3 15.7 21.9 14.3

15.9 17.3 13.4 23.8 21.6 8.2 22.9 7.2 : 11.3 29.6 6.7 24.7 10.7 56.4 9.2 19.0 : 13.0 44.1 17.2 25.3 5.9 20.4 13.7 21.0 15.5 31.5 33.2 9.5 9.7 11.1 3.4 4.1 7.1 -2.6 17.0 1.9 : 14.8 14.4 9.8 10.4 3.7 3.1 3.4 16.7 : 6.8 30.1 5.7 20.5 -0.5 4.8 5.9 20.2 -30.7 11.1 17.1 5.7 13.7 12.6 18.7 5.8 1.6 -2.5 16.9 12.3 : 0.0 16.6 8.1 8.5 4.3 11.8 2.4 18.4 : 8.0 38.3 14.6 23.5 0.9 11.8 7.9 20.1 -4.9 15.2 23.2 22.4

15

TABLE 3 (continued) : Monthly

survey of services (s.a.) Since 1990 (*) Min. Date

Ave. Value

2016

2017

Max. Apr

May

Jun

Jul

Aug

Sep

Oct

02-09 -12.7 3.1 06-08 12.9 5.5 6.9 7.1 8.8 7.4 8.5 EU 07-09 -9.7 3.3 06-08 13.4 5.2 4.9 6.7 6.4 6.1 6.7 EA 01-10 -13.8 6.2 07-08 28.8 8.3 7.4 6.1 7.0 7.3 9.8 BE 01-11 -11.9 5.9 07-04 37.5 3.4 -0.1 3.7 1.0 3.3 1.7 BG 02-13 -8.3 3.9 01-04 23.6 7.7 0.2 5.2 3.8 5.6 6.1 CZ 01-13 -7.4 0.1 12-10 16.2 -2.4 -1.1 -0.7 -0.4 -2.3 1.1 DK 07-09 -10.9 10.4 09-17 23.3 20.7 18.9 21.8 20.4 17.9 20.2 DE 03-09 -31.5 8.4 09-05 26.4 6.2 0.3 1.7 7.5 8.2 7.6 EE : : : : : : : : : : : IE 09-12 -40.2 -4.3 06-06 24.2 -12.6 -7.6 -1.4 -0.7 -2.0 -1.4 EL 11-11 -17.9 2.5 09-04 20.3 11.5 9.1 9.1 4.2 8.6 8.4 ES 07-09 -21.0 -3.0 04-90 16.6 -7.4 -5.1 -7.0 -4.0 -3.4 -5.3 FR 03-10 -10.6 -1.1 07-08 25.4 0.8 5.2 6.3 3.6 1.9 3.3 HR 04-13 -15.6 -0.6 05-04 17.7 -2.4 -6.7 1.0 -0.6 -2.0 -0.3 IT 04-13 -38.9 1.2 06-03 72.7 3.9 -1.4 -0.1 7.3 2.8 0.5 CY 12-09 -31.1 6.4 12-07 35.8 2.0 1.0 1.7 2.1 1.9 1.1 LV 06-09 -23.0 0.4 08-06 20.8 3.1 4.7 5.7 3.6 4.5 5.9 LT : : : : : : : : : : : LU 02-09 -8.5 5.2 09-06 28.0 5.8 10.6 10.7 14.4 9.2 14.9 HU 11-16 -45.0 1.2 05-08 18.6 -45.0 5.6 6.7 0.4 0.3 3.0 MT 08-09 -5.5 8.8 01-07 30.7 8.2 5.5 6.9 8.2 8.2 8.7 NL 05-09 -10.3 9.5 11-07 30.4 8.0 11.5 12.5 8.5 13.1 11.8 AT 07-13 -10.6 0.9 04-08 16.8 -2.0 -1.5 0.4 0.6 1.1 -0.6 PL 11-03 -17.1 -1.0 11-05 13.7 -0.8 6.6 4.0 5.1 0.9 5.1 PT 06-10 -8.7 12.6 04-04 54.5 0.7 -0.5 1.4 3.6 4.3 3.0 RO 02-10 -16.4 0.9 01-08 23.1 -0.9 -1.9 -0.5 3.5 4.2 8.9 SI 12-10 -17.5 10.6 07-02 68.9 3.4 3.5 15.2 11.9 14.5 10.2 SK 07-04 -25.1 8.5 01-08 40.7 3.3 -2.8 2.0 1.0 1.9 -1.6 FI 04-09 -17.0 9.4 11-07 32.4 13.8 14.3 14.8 17.2 15.2 10.7 SE 02-09 -34.3 1.1 05-17 20.8 7.7 17.1 9.8 20.5 14.5 18.3 UK (a) The indicator is the arithmetic average of the balances (%) for the questions on business situation and recent and expected evolution of demand. (*) Minimum, maximum and averages are calculated over the period of availability which is not necessarily as from 01/1990.

Date

Value

Nov

Dec

Jan

Feb

Mar

7.6 5.1 8.7 1.8 2.8 -1.3 17.1 4.0 : -1.9 9.0 -5.7 2.5 -3.5 2.6 2.5 4.6 : 10.3 1.3 8.8 8.3 -0.6 4.1 3.5 4.9 7.1 1.3 7.9 20.8

7.3 5.8 7.8 1.3 -0.8 -1.2 17.8 6.3 : -5.0 7.4 -4.5 1.3 -0.6 4.0 1.3 1.8 : 11.1 -2.4 7.5 13.4 -0.7 4.4 3.0 6.9 3.9 2.2 10.4 15.9

6.4 6.2 8.4 3.5 2.1 -0.5 20.9 8.5 : -4.0 7.3 -6.5 3.9 -2.7 4.1 0.4 2.8 : 11.4 4.8 9.7 14.1 -0.8 5.7 1.7 6.3 1.5 4.8 9.2 9.1

7.2 6.4 9.3 3.0 7.0 -1.1 20.3 8.8 : -0.2 6.7 -6.0 5.1 0.5 -0.3 3.0 4.8 : 9.2 6.0 8.9 6.0 -2.2 2.5 4.3 3.5 7.6 6.0 12.1 12.1

8.6 8.0 8.7 4.6 6.0 1.3 23.3 16.6 : 2.5 2.9 -2.7 3.0 0.8 1.5 4.1 3.0 : 10.4 7.9 9.7 16.2 -1.0 3.3 4.7 0.6 -3.8 8.3 9.2 13.3

8.9 8.4 10.9 2.7 3.7 -1.4 22.7 16.8 : -2.0 5.8 -4.0 5.8 1.9 -8.0 5.9 4.9 : 9.5 7.7 11.9 16.3 0.4 5.7 7.2 3.8 6.4 10.8 12.9 13.4

SELLING–PRICE EXPECTATIONS (Question 6)

TABLE 3a:

Quarterly survey of services (s.a.) (Data collected in January, April, July and October each year.)

Capacity utilisation in services (%) (Question 8) Since 2011 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

II-13 II-13 I-14 I-12 IV-16 IV-11 II-14 I-12 : III-15 I-12 III-14 III-12 I-10 IV-14 II-12 I-12 : I-14 IV-11 IV-13 II-13 I-13 III-13 III-15 I-13 IV-16 IV-13 III-14 I-13

87.2 87.1 89.7 89.7 91.3 88.0 87.4 79.6 : 74.2 80.8 89.5 65.6 78.1 78.7 89.1 85.0 : 82.0 87.0 86.2 88.4 89.6 88.2 85.2 87.2 91.8 89.8 89.4 85.9

Ave. 88.5 88.4 91.7 91.5 92.6 89.5 89.0 82.8 : 79.5 84.2 90.5 82.6 86.3 81.1 90.6 87.6 : 85.9 90.7 87.4 90.2 90.1 90.4 89.0 88.6 93.3 91.1 92.4 88.1

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

III-17 III-17 IV-17 IV-11 III-11 II-16 II-11 III-11 : III-17 IV-16 IV-11 III-13 I-17 IV-17 II-14 IV-11 : I-17 III-17 III-17 IV-17 IV-17 III-11 IV-17 I-11 IV-15 I-12 IV-17 II-15

90.1 90.2 94.5 94.1 96.4 90.8 90.3 84.7 : 89.3 88.1 92.6 87.0 90.3 85.5 92.0 90.1 : 88.7 93.6 89.3 91.9 91.0 92.8 94.1 90.8 94.8 92.6 94.7 90.8

88.7 88.5 91.5 92.7 92.6 90.2 89.1 83.1 : 79.2 84.8 90.7 83.4 87.4 81.5 91.0 87.7 : 82.0 92.2 87.4 88.7 90.1 90.9 90.9 88.8 93.0 90.5 93.0 88.5

89.0 88.9 92.0 92.7 91.9 90.8 89.4 82.9 : 78.2 87.0 90.6 83.7 87.6 83.3 91.4 87.5 : 85.7 91.8 87.8 90.5 90.4 90.9 86.9 88.9 92.9 90.1 93.3 88.4

89.3 89.2 92.5 92.9 92.6 89.7 89.9 82.2 : 77.7 87.8 90.8 84.2 87.3 80.5 91.1 87.9 : 86.9 93.0 87.1 90.2 90.5 90.5 92.5 88.9 93.4 90.4 94.2 88.6

89.2 89.4 91.7 91.8 91.3 89.2 89.7 84.0 : 74.5 88.1 90.6 84.9 89.3 83.1 90.7 87.2 : 87.4 93.0 88.1 90.5 90.5 91.1 88.6 89.3 91.8 91.1 94.0 88.2

89.3 89.4 91.5 91.9 92.3 90.1 89.2 83.7 : 77.9 86.1 91.1 85.0 90.3 83.1 90.0 87.7 : 88.7 93.0 88.2 90.8 90.6 91.2 91.0 90.0 94.7 91.7 93.1 87.8

89.6 89.4 93.6 92.1 93.4 89.1 89.4 82.5 : 79.4 86.7 90.8 84.6 88.8 84.9 90.4 87.6 : 86.9 92.7 88.5 91.5 90.8 90.9 93.1 90.1 93.0 91.7 94.3 89.2

90.1 90.2 93.5 90.4 93.5 90.1 89.8 83.6 : 89.3 87.4 91.3 84.8 90.1 82.5 89.5 87.6 : 88.5 93.6 89.3 91.8 90.8 91.4 93.0 90.5 93.4 91.9 93.9 88.8

89.6 89.6 94.5 91.5 92.5 90.7 88.6 82.7 : 84.8 87.3 91.3 85.7 89.0 85.5 90.1 87.8 : 88.3 91.9 89.1 91.9 91.0 91.7 94.1 90.6 93.0 92.4 94.7 88.2

(*) Minimum, maximum and averages are calculated over the period of availability which is not necessarily as from 2011.

16

TABLE 4: Monthly

survey of consumers (s.a.) (a) Since 1990 (*) Min.

CONSUMER CONFIDENCE (b) INDICATOR

FINANCIAL SITUATION OF HOUSEHOLDS OVER NEXT 12 MONTHS (Question 2) Component of the consumer confidence indicator

GENERAL ECONOMIC SITUATION OVER NEXT 12 MONTHS (Question 4) Component of the consumer confidence indicator

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

03-09 03-09 02-09 04-09 03-98 10-90 04-09 04-93 03-09 10-11 02-09 03-09 08-09 06-12 04-13 07-09 01-09 12-08 04-09 04-11 02-13 04-09 08-01 10-12 06-10 09-12 09-99 12-08 12-08 01-09 07-08 11-12 12-93 10-12 02-98 12-90 02-94 04-93 04-13 10-11 02-09 05-13 08-09 07-12 04-13 06-09 01-09 09-14 04-95 11-08 02-13 04-96 12-11 12-11 06-10 09-12 08-99 04-93 09-96 03-90 03-09 03-09 07-93 04-09 05-12 09-08 03-09 04-93 03-09 10-11 02-09 11-11 08-09 06-12 04-13 07-09 01-09 12-08 04-09 04-11 03-09 01-09 08-01 09-11 06-10 09-12 04-09 12-08 09-96 07-08

-32.6 -34.7 -26.5 -50.1 -35.8 -11.8 -32.9 -56.3 -59.8 -83.8 -47.6 -37.0 -51.5 -41.5 -64.4 -54.9 -56.1 -20.7 -68.8 -41.3 -30.6 -23.0 -40.1 -53.7 -63.3 -46.1 -49.0 -6.4 -10.0 -35.2 -12.7 -13.5 -8.9 -34.0 -31.7 1.8 -15.1 -38.3 -41.1 -79.1 -30.2 -17.3 -32.3 -20.3 -46.9 -38.7 -37.7 -9.4 -62.7 -41.2 -20.5 -18.3 -22.6 -34.7 -47.0 -41.2 -44.7 -8.3 -12.6 -22.8 -39.9 -43.8 -45.5 -42.8 -45.9 -22.9 -52.1 -38.3 -64.2 -88.7 -48.2 -46.6 -53.7 -44.8 -66.5 -53.5 -58.1 -44.3 -66.5 -36.1 -44.2 -40.3 -35.2 -68.8 -64.1 -52.7 -53.5 -27.9 -29.8 -50.1

-11.5 -12.5 -6.8 -33.0 -10.5 8.4 -7.7 -15.1 -9.6 -41.0 -13.0 -18.2 -30.2 -15.8 -30.7 -16.3 -14.9 0.4 -31.3 -18.8 0.2 -2.3 -20.0 -22.1 -27.8 -19.6 -21.6 13.4 10.2 -8.5 -2.1 -3.2 1.1 -19.1 -6.4 12.3 -2.2 -4.9 -5.8 -28.0 -2.4 -4.2 -11.4 -3.3 -16.3 0.9 -4.1 0.0 -21.4 -14.9 4.9 -3.4 -6.3 -6.9 -6.1 -14.0 -14.9 6.5 9.3 1.7 -12.0 -12.5 -8.5 -20.0 -10.5 1.9 -11.9 -1.3 -6.4 -31.9 -7.9 -19.8 -24.8 -10.6 -23.0 -6.1 -5.6 -11.3 -18.1 -9.9 -1.3 -6.6 -12.7 -17.7 -13.6 -13.3 -22.4 3.8 0.1 -12.0

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

08-00 05-00 12-00 08-01 03-17 03-15 11-10 04-06 01-00 04-00 12-15 01-01 02-17 06-01 05-17 09-06 05-07 10-17 08-02 08-17 04-00 06-07 04-08 10-17 03-17 10-17 12-06 10-17 09-10 05-14 04-01 03-00 08-00 07-01 10-17 10-00 12-16 04-06 01-00 04-00 12-15 01-01 12-06 07-01 11-16 09-06 03-07 06-02 08-02 11-13 12-99 03-16 01-17 06-98 03-17 05-15 12-06 10-04 07-02 09-02 03-15 10-17 06-00 07-01 12-14 03-15 11-10 12-06 12-15 01-00 12-15 06-17 11-15 11-15 08-17 09-06 06-07 10-17 08-02 06-17 10-06 07-07 04-08 10-17 01-05 10-17 12-06 01-95 04-10 06-97

1.5 2.1 16.2 -13.0 7.2 21.9 10.9 12.8 21.2 -5.8 5.4 3.3 -13.7 2.5 0.9 1.0 9.2 17.3 0.2 11.8 22.9 16.3 -0.5 4.6 -10.4 -0.6 6.6 27.2 28.0 7.6 5.5 4.7 13.2 3.2 12.9 38.7 6.5 17.3 15.9 9.5 10.1 6.2 3.0 6.8 7.4 16.3 12.5 11.8 16.2 13.3 20.5 4.1 5.3 11.4 11.0 0.4 10.3 12.7 17.6 15.5 1.4 4.5 19.6 15.6 9.3 24.1 21.2 26.9 31.2 17.2 21.5 6.7 -0.9 14.9 22.3 17.2 17.9 12.0 19.2 24.5 29.8 17.1 13.5 16.7 12.2 7.4 15.4 28.3 30.8 13.5

-5.8 -6.2 -7.5 -25.6 5.8 8.0 -1.2 -3.6 5.1 -66.9 -2.2 -10.6 -16.6 -12.1 -1.3 -13.0 -3.5 10.3 -15.0 3.7 10.7 -8.6 -9.1 -7.7 -15.1 -10.0 -7.3 19.9 13.1 -6.9 0.9 -0.6 -0.1 -13.4 11.0 9.5 5.2 6.6 3.1 -58.3 4.9 -5.8 -0.4 -3.2 7.4 4.4 4.6 5.1 -1.4 4.3 4.5 -1.1 -0.4 0.2 7.2 -4.8 -2.4 7.7 13.2 3.9 -7.1 -4.1 -4.4 -18.0 3.3 -1.9 -1.5 5.1 5.2 -66.7 5.1 -9.3 -5.0 -10.3 19.2 -10.6 7.3 2.7 -6.5 17.7 18.3 -8.7 -6.5 2.0 -9.3 -3.8 -5.9 14.5 -3.4 -21.8

-4.7 -5.2 -5.4 -23.4 5.5 8.5 -0.8 -3.3 5.7 -64.4 -2.7 -10.2 -14.9 -10.2 -1.2 -18.3 -4.7 11.8 -14.0 1.7 12.8 -3.5 -8.8 -5.3 -17.4 -11.0 -5.5 22.4 14.9 -4.6 1.2 0.0 -1.7 -11.9 12.1 11.2 6.5 6.5 3.2 -58.3 3.8 -5.5 0.7 -1.6 4.8 0.7 4.0 5.1 0.5 4.6 3.3 0.2 0.4 1.6 2.8 -7.3 -0.4 9.0 10.8 3.7 -6.2 -3.3 -5.8 -18.4 7.0 -1.3 -2.3 5.4 4.3 -61.8 5.7 -9.2 -5.7 -8.3 19.7 -16.7 6.1 2.7 -3.3 13.1 19.4 0.8 -6.7 4.7 -12.6 -6.0 -5.9 19.6 -2.9 -19.3

-4.3 -4.9 -1.0 -23.4 7.1 11.9 0.2 -1.7 6.9 -67.8 -2.5 -8.6 -17.1 -12.9 -0.9 -17.3 -7.5 10.9 -11.4 0.1 15.0 -2.6 -7.0 -7.0 -13.0 -4.9 -6.7 22.6 15.6 -5.1 1.4 -0.5 -1.0 -11.3 11.0 12.1 6.3 5.9 1.7 -58.6 1.6 -4.1 -3.8 -3.8 5.1 2.6 -0.2 5.6 2.7 2.9 3.1 0.4 5.3 -0.5 6.4 -6.1 -1.7 8.8 11.8 5.1 -7.5 -4.9 -0.6 -16.7 6.4 2.5 -2.7 6.1 6.5 -67.2 3.8 -10.6 -13.4 -12.4 19.8 -18.1 -0.4 1.7 0.0 12.7 20.6 -0.9 -2.4 -1.2 -6.9 1.6 -10.2 15.3 -5.9 -21.9

-5.3 -6.4 -4.3 -22.5 7.1 13.5 -2.1 -1.8 6.3 -73.3 -3.8 -9.8 -13.7 -14.6 -3.2 -16.5 -10.0 9.4 -11.9 3.8 17.5 -1.5 -8.4 -5.1 -13.8 -8.6 -6.6 20.9 15.2 -4.3 0.1 -1.5 -0.7 -9.5 12.6 13.9 4.8 5.1 4.2 -67.8 1.2 -4.3 -2.3 -6.1 2.2 0.3 -0.3 3.7 0.5 7.0 5.4 0.9 2.0 1.4 7.4 -5.1 -0.7 9.0 12.5 2.2 -9.3 -7.8 -5.5 -15.5 6.6 3.8 -6.4 6.3 5.3 -78.3 3.1 -13.0 -8.3 -18.4 18.1 -16.1 -4.3 0.0 -2.8 15.0 24.1 -0.7 -4.9 -0.2 -7.2 0.1 -11.4 14.9 -6.3 -19.4

-4.3 -5.1 -0.4 -25.3 7.2 13.9 0.2 -2.1 7.5 -74.4 -2.2 -9.8 -14.7 -13.6 -1.5 -14.0 -11.6 14.2 -11.3 3.1 16.8 -1.4 -7.0 -2.7 -10.4 -9.0 -7.0 23.2 16.7 -4.3 -0.2 -1.6 1.9 -12.4 8.4 14.0 4.0 7.0 5.0 -69.1 1.8 -5.8 -3.5 -4.9 1.7 3.1 -1.5 6.8 2.3 2.9 5.8 -1.2 0.7 1.6 11.0 -5.9 -2.0 11.4 13.1 1.3 -8.4 -6.5 0.0 -20.3 7.2 5.5 -4.4 9.7 7.0 -80.1 4.9 -13.7 -9.7 -16.9 16.4 -12.8 -6.5 1.6 -1.0 16.8 26.3 0.4 -4.2 3.5 -0.9 -3.1 -11.8 16.1 -5.2 -20.3

-3.4 -3.6 0.3 -28.4 7.1 14.6 2.8 -3.5 9.3 -72.2 1.3 -8.1 -21.4 -14.6 -3.2 -12.7 -11.6 14.8 -15.6 3.0 16.5 1.1 -5.9 -0.6 -13.4 -5.2 -6.3 23.6 15.8 -5.0 0.3 -0.8 1.1 -17.7 10.5 13.1 5.7 5.4 4.1 -63.8 3.5 -5.5 -5.3 -4.8 2.4 3.1 -3.3 2.9 -2.7 4.1 5.2 2.1 -0.5 2.5 6.3 -3.8 -1.5 9.0 12.3 1.6 -7.6 -5.1 2.1 -25.3 6.3 7.2 -1.6 6.7 10.6 -74.7 7.1 -12.1 -19.1 -19.2 17.9 -10.1 -5.3 4.9 -6.5 14.8 25.8 2.9 -3.4 6.5 -7.2 0.1 -10.9 18.9 -5.9 -20.7

-3.3 -3.3 0.1 -28.9 6.5 13.4 3.1 -2.4 8.8 -69.7 1.9 -7.0 -18.9 -15.7 0.9 -12.5 -11.7 16.6 -14.7 3.0 13.6 4.3 -4.7 1.1 -14.5 -5.2 -3.4 24.5 17.4 -6.1 0.5 -0.9 -0.7 -19.5 9.8 12.5 5.8 5.0 6.3 -63.0 4.0 -3.7 -3.4 -7.6 6.3 4.3 -1.8 2.9 -1.3 5.0 3.0 1.1 -0.8 2.5 6.9 -4.0 0.6 9.0 11.7 3.4 -6.8 -4.0 1.9 -26.6 1.3 7.5 -1.7 9.2 10.1 -73.6 12.6 -9.5 -15.9 -18.5 16.3 -13.6 -8.0 5.6 -6.7 12.0 20.2 4.8 0.1 9.7 -8.6 1.1 -7.3 16.8 -0.7 -22.1

-2.2 -1.3 -1.1 -25.8 4.1 15.0 5.0 0.3 8.7 -68.8 1.4 0.5 -18.0 -16.3 -0.8 -8.9 -12.4 14.0 -14.0 9.1 15.0 3.8 -4.8 3.1 -14.2 -4.0 -5.6 24.3 13.8 -7.4 0.2 -0.7 -0.9 -14.9 10.0 12.5 5.6 4.8 4.7 -63.7 3.9 -3.1 -4.4 -7.5 3.5 5.4 -3.6 2.8 -0.3 12.0 4.7 3.4 0.5 4.2 8.9 -3.8 -1.5 8.1 11.6 0.5 -4.9 -0.4 0.9 -24.6 -0.7 5.3 0.8 12.1 11.6 -74.9 10.3 6.7 -12.4 -20.2 18.5 -8.8 -7.7 2.6 -5.4 24.5 19.2 3.9 -3.8 15.0 -8.1 0.9 -10.8 17.8 -5.4 -24.5

-2.3 -1.7 1.7 -25.2 3.5 16.6 5.2 -1.8 10.9 -61.5 2.0 -3.8 -15.9 -16.2 -1.2 -4.8 -11.9 14.0 -14.8 3.2 16.1 4.7 -5.6 2.8 -17.0 -4.0 -4.5 24.7 13.7 -6.5 0.7 -0.5 0.8 -13.0 7.7 14.7 6.5 5.8 4.6 -55.8 4.9 -6.7 -1.9 -6.0 4.4 6.8 -2.9 3.6 -2.3 6.5 6.0 1.3 -0.5 4.0 7.3 -4.9 -1.0 10.7 10.3 3.0 -3.7 1.1 3.5 -18.7 2.5 10.5 3.5 9.7 14.8 -65.7 11.7 3.8 -13.3 -18.2 17.3 -6.1 -7.7 5.9 -6.1 18.9 24.9 7.9 -3.0 15.2 -11.6 0.4 -7.0 18.9 -3.8 -24.0

-2.3 -1.5 4.0 -26.2 4.5 14.7 3.3 -1.3 12.7 -57.0 -0.2 -4.2 -17.0 -12.1 -1.5 -8.0 -9.2 14.0 -13.0 11.8 17.8 4.9 -4.9 1.2 -14.3 -5.4 -5.5 25.5 13.9 -7.2 1.2 0.0 -0.1 -15.3 9.1 11.3 6.3 6.4 5.0 -48.5 5.0 -5.6 -2.0 -3.9 1.3 5.8 -0.7 2.4 -1.2 11.3 5.4 -0.5 1.0 2.3 7.9 -5.4 -1.6 9.1 9.3 3.4 -4.6 0.6 5.5 -17.6 3.1 8.5 2.2 12.7 17.7 -54.0 11.8 -3.0 -14.7 -13.1 22.3 -9.1 -2.9 7.0 -3.3 21.3 24.3 9.3 -2.0 12.8 -6.5 -1.4 -10.0 22.6 -3.1 -27.9

-1.6 -1.2 3.7 -23.0 6.3 16.2 3.9 0.5 12.0 -53.7 -1.1 -7.4 -18.0 -6.6 -0.9 -7.0 -7.6 15.0 -13.6 8.3 15.9 5.1 -2.9 0.5 -15.0 -4.5 -3.4 27.1 14.6 -5.2 1.0 -0.5 0.3 -13.4 11.2 16.6 6.3 5.0 5.4 -44.6 4.7 -8.2 -0.9 -4.9 2.8 6.5 0.6 5.9 -0.8 10.0 4.9 1.6 3.9 3.8 7.9 -5.7 0.2 10.8 10.6 2.9 -2.3 3.1 7.6 -19.2 4.7 13.3 5.6 14.8 14.4 -48.5 10.4 -3.2 -19.3 -4.1 20.7 -3.0 1.4 10.7 -5.1 20.6 23.4 12.2 3.9 11.1 -8.7 3.6 -6.8 25.6 -2.8 -26.4

-1.6 -1.0 3.9 -23.5 4.9 14.9 5.2 -0.3 : -54.0 -1.4 -9.5 -17.2 -7.0 -0.9 -8.8 -9.2 17.3 -13.1 11.3 18.0 8.8 -4.8 4.6 -20.7 -0.6 -4.8 27.2 16.1 -5.5 1.1 -0.4 1.3 -12.6 12.9 13.5 5.9 5.4 : -44.0 4.9 -9.6 1.3 -3.4 5.6 6.7 0.9 3.1 -0.9 11.2 7.3 3.3 2.1 5.4 2.6 -3.2 -1.2 11.6 13.5 3.6 -1.2 4.5 11.4 -15.7 2.9 9.7 9.6 12.6 : -51.2 7.4 -2.3 -18.3 -3.9 18.4 -6.6 -2.5 12.0 -1.3 21.4 23.7 16.3 1.6 16.7 -18.0 7.4 -7.9 25.3 1.0 -25.0

17

TABLE 4 (continued) : Monthly

survey of consumers (s.a.) (a) Since 1990 (*) Min.

SAVINGS OVER NEXT 12 MONTHS (Question 11) Component of the consumer confidence indicator

UNEMPLOYMENT OVER NEXT 12 MONTHS (c) (Question 7) Component of the consumer confidence indicator

FINANCIAL SITUATION OF HOUSEHOLDS OVER LAST 12 MONTHS (Question 1)

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

08-93 06-08 12-12 03-02 03-98 01-90 03-03 10-93 04-13 04-17 12-08 03-96 12-12 09-12 06-13 10-09 11-01 10-16 05-12 04-11 02-13 11-00 09-03 01-97 06-10 06-99 08-01 01-96 06-98 10-92 03-09 03-09 02-09 02-10 01-99 02-09 03-09 09-93 03-09 12-11 12-08 03-09 03-10 03-93 04-13 02-09 02-09 04-09 02-09 01-04 03-09 04-09 05-01 02-09 02-10 01-09 03-09 12-08 04-09 01-09 02-13 07-08 12-08 10-12 05-12 02-12 12-02 04-93 02-11 04-12 11-12 08-08 03-11 01-13 09-13 10-09 03-10 08-08 11-95 08-12 06-13 06-08 08-01 03-13 12-10 01-08 10-99 04-93 11-95 05-90

-16.5 -17.5 -9.3 -80.7 -16.2 -3.2 -5.2 -69.2 -14.6 -86.8 -44.5 -35.8 -63.5 -49.5 -67.1 -69.7 -55.0 32.9 -77.1 -66.1 1.3 -11.3 -65.7 -42.7 -69.8 -52.0 -69.1 19.0 11.1 -26.0 67.0 68.5 76.0 65.5 67.8 51.4 71.9 81.0 80.2 92.9 71.2 74.0 67.5 70.8 79.5 80.1 82.1 75.2 84.0 45.7 80.0 65.4 61.0 85.6 78.0 72.7 76.5 51.8 64.0 75.3 -21.3 -23.2 -16.5 -45.8 -33.1 -5.8 -31.2 -54.1 -53.2 -86.0 -44.7 -23.5 -43.4 -40.2 -53.4 -64.3 -45.6 -11.0 -64.7 -54.4 -27.4 -27.8 -34.5 -41.7 -54.3 -48.1 -43.0 -21.7 -12.9 -32.4

-6.8 -8.5 8.4 -65.1 -1.6 24.7 6.0 -35.2 2.0 -53.1 -23.8 -17.4 -53.6 -21.7 -46.0 -44.7 -38.4 44.3 -56.4 -39.4 13.9 26.5 -40.5 -27.4 -53.5 -24.6 -30.7 45.5 38.6 0.6 25.0 25.7 28.0 27.9 25.3 5.1 22.9 21.9 16.7 51.1 18.1 31.2 30.8 27.7 37.7 21.2 11.5 31.2 30.6 11.0 16.8 25.8 20.6 36.2 37.9 26.6 18.4 4.3 7.2 24.4 -11.1 -12.1 -7.2 -31.9 -13.7 5.2 -7.3 -13.0 -13.9 -39.5 -14.4 -12.3 -26.0 -18.1 -25.2 -11.6 -14.1 -2.8 -34.0 -24.3 -1.3 -11.8 -13.3 -16.4 -21.2 -28.4 -18.7 1.2 4.3 -8.4

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

04-01 04-01 06-98 01-17 04-07 12-06 08-90 05-06 04-15 01-00 07-00 06-17 10-17 03-91 06-01 07-17 03-15 10-05 01-00 08-17 10-00 03-02 09-17 02-98 04-17 05-07 09-17 04-08 10-15 04-16 05-00 05-00 12-00 07-01 05-17 02-95 05-07 09-06 12-99 02-15 04-15 01-01 03-17 06-01 05-17 09-06 06-07 05-17 07-98 10-17 10-17 03-01 07-07 06-17 01-07 10-17 01-07 03-98 08-00 07-97 05-00 05-90 11-00 12-16 04-17 02-05 08-17 03-07 04-00 04-00 04-00 01-01 09-17 05-90 07-17 09-06 03-07 01-02 08-02 06-17 12-99 10-17 09-17 01-92 09-17 10-17 04-07 04-05 04-07 06-02

2.1 1.2 31.2 -42.7 18.5 39.9 23.4 -4.2 25.1 -23.3 0.0 -1.1 -36.1 2.2 -12.3 -15.0 -17.9 58.0 -19.0 -4.6 26.4 54.6 -20.0 -1.9 -37.2 -6.2 -12.6 58.4 62.1 24.0 0.8 -1.6 -17.2 -1.6 -4.1 -20.5 -18.6 -21.6 -29.8 15.7 -16.1 -12.7 2.1 -4.0 -16.1 -10.4 -33.1 -10.0 -6.2 -19.7 -27.7 -8.1 -20.2 -20.0 10.5 -8.7 -19.5 -27.7 -28.0 -13.9 -1.7 -0.6 3.5 -15.1 4.0 15.8 7.2 18.0 11.2 -6.2 3.8 -2.1 -6.6 -0.9 -3.4 9.4 14.6 7.7 0.3 17.7 21.1 0.4 5.9 2.9 5.2 -9.4 4.8 9.4 13.0 7.0

-2.7 -6.0 0.9 -47.6 12.6 28.8 9.0 -17.2 : -80.6 -24.7 -8.7 -44.8 -18.7 -41.0 -28.0 -24.1 39.1 -44.1 -22.7 13.8 15.5 -27.8 -33.8 -38.9 -26.6 -20.5 54.8 53.1 10.1 14.5 14.2 26.4 23.4 3.6 4.3 17.5 9.1 -7.0 62.0 -5.8 18.6 16.1 16.5 -9.1 17.6 1.8 5.8 8.1 -15.6 -6.3 40.2 1.9 -0.8 19.4 4.9 0.5 -2.4 10.6 19.6 -4.9 -7.6 -10.4 -18.8 3.4 6.5 6.6 -2.5 -3.8 -67.3 -9.9 -15.6 -15.6 -15.3 -13.2 -4.3 -17.0 -0.9 -6.9 7.8 -1.4 -3.1 1.8 -10.5 0.1 -16.3 -7.9 3.5 10.1 1.7

-1.9 -6.3 2.7 -44.5 7.4 26.1 7.6 -17.5 : -79.5 -26.2 -10.0 -44.8 -17.7 -40.1 -33.0 -26.0 49.0 -44.9 -25.7 16.6 15.4 -24.3 -32.0 -40.5 -26.7 -16.6 54.7 54.3 15.4 11.8 11.2 17.0 19.0 4.6 1.7 14.9 7.5 -9.8 57.9 -6.0 16.1 9.8 13.1 -11.0 24.3 2.9 9.7 8.3 -14.6 -11.9 30.4 4.5 -4.5 19.4 4.0 -0.7 -6.3 2.5 18.2 -4.6 -6.7 -10.5 -15.1 1.0 -1.6 6.5 0.2 -5.2 -63.5 -10.3 -14.7 -10.8 -12.1 -14.5 -6.0 -16.5 -1.5 -6.5 9.6 -0.1 -2.2 2.9 -8.9 -2.8 -15.6 -5.0 3.9 8.2 0.7

-1.9 -5.7 2.2 -42.7 10.7 27.0 9.1 -9.5 : -84.1 -23.7 -9.5 -44.4 -18.4 -42.8 -35.9 -24.9 42.5 -44.0 -27.5 17.5 18.3 -27.4 -30.9 -39.1 -22.5 -18.9 56.6 58.0 12.7 9.2 8.5 4.4 22.9 -0.2 -6.0 11.9 9.3 -12.4 61.2 -8.3 10.1 6.9 17.0 -14.1 17.8 4.5 6.2 4.1 -12.3 -18.6 28.4 3.4 -4.7 12.4 -7.2 -3.9 -9.7 1.6 16.5 -4.6 -7.3 -9.9 -15.7 2.9 4.8 6.3 3.3 -4.8 -62.3 -11.6 -14.9 -14.4 -13.6 -12.0 -2.6 -13.7 0.9 -3.5 9.0 -3.4 -1.5 5.5 -8.1 -2.9 -13.2 -7.2 4.8 9.5 1.7

-1.4 -5.9 2.4 -48.2 7.8 27.9 7.7 -11.8 : -84.2 -25.3 -6.4 -41.3 -18.4 -39.2 -35.7 -27.9 38.2 -42.0 -23.1 17.3 14.8 -25.5 -30.5 -41.2 -27.2 -18.6 50.5 58.8 15.7 10.5 10.3 13.5 17.0 -1.6 -8.5 14.6 6.9 -9.3 63.0 -5.8 15.6 2.9 15.4 -6.3 14.5 7.4 4.1 3.3 -16.5 -23.1 21.0 5.4 -9.0 14.5 2.2 -4.2 -9.2 4.1 15.8 -5.1 -7.8 -8.0 -15.8 1.7 4.7 5.2 3.2 -3.3 -67.4 -12.3 -15.5 -12.0 -13.8 -8.1 -2.8 -16.0 2.8 -6.1 7.7 -0.4 -2.3 4.0 -9.0 -0.8 -14.6 -4.7 3.0 9.7 0.8

-0.9 -5.1 3.5 -51.0 9.8 27.8 10.4 -16.9 : -86.1 -25.1 -6.6 -43.5 -19.4 -35.2 -34.4 -28.5 46.6 -44.4 -19.4 14.8 19.1 -25.0 -27.9 -37.5 -25.6 -17.0 53.3 57.1 15.8 7.6 7.2 7.0 17.5 -3.6 -8.5 9.0 8.1 -10.5 62.4 -9.6 13.0 2.1 13.3 -10.8 12.0 9.8 -1.9 2.0 -12.1 -20.3 23.9 -0.4 -12.0 14.2 1.3 -2.9 -12.1 -2.0 13.8 -4.9 -7.6 -9.2 -16.8 1.6 3.8 5.8 1.5 -0.2 -73.0 -11.8 -14.2 -12.9 -14.2 -7.5 -2.1 -18.6 3.5 -2.4 7.4 -2.6 -2.7 4.4 -6.9 3.1 -15.4 -7.2 3.6 7.6 1.2

-0.7 -5.0 0.7 -47.1 7.5 27.7 9.5 -17.7 : -86.8 -20.8 -5.6 -42.6 -20.4 -41.4 -34.9 -33.0 50.2 -46.9 -23.8 13.4 18.6 -25.9 -24.9 -37.2 -19.5 -16.6 53.3 55.3 16.6 5.5 3.5 2.8 23.7 -3.9 -10.2 2.6 8.5 -13.3 63.6 -15.6 9.1 18.5 14.1 -8.3 8.9 4.6 -1.1 6.2 -17.1 -21.7 19.2 -6.2 -13.6 15.7 -2.6 -4.1 -13.2 -1.5 17.6 -4.1 -6.5 -9.2 -18.5 4.0 5.4 5.9 2.1 -0.2 -63.7 -9.6 -13.4 -12.4 -12.6 -9.1 -2.6 -17.7 2.6 -7.2 10.6 -0.7 -1.2 3.6 -7.4 1.3 -13.6 -6.7 5.2 9.9 0.7

-1.6 -5.3 2.1 -51.0 10.8 28.9 9.4 -17.4 : -83.6 -23.1 -5.2 -45.8 -22.7 -35.1 -32.4 -29.8 47.8 -45.5 -17.9 13.3 18.9 -24.0 -25.8 -39.2 -21.9 -13.3 56.9 58.1 12.2 5.2 3.0 2.9 18.3 -4.1 -4.6 1.0 6.5 -10.0 58.4 -14.2 9.5 10.5 14.2 -16.1 8.1 7.4 -10.0 5.4 -13.0 -17.8 7.6 -6.0 -18.0 17.0 -4.0 -6.3 -15.2 -0.3 17.7 -4.3 -6.7 -8.1 -22.6 0.1 3.4 6.8 0.4 0.7 -66.3 -10.3 -12.0 -12.5 -16.3 -6.6 -1.9 -16.7 3.1 -7.6 13.0 -3.5 -1.5 3.4 -5.7 1.2 -12.7 -5.2 4.5 10.4 1.3

-0.4 -3.5 -0.8 -49.9 7.0 31.1 12.7 -10.9 : -83.9 -23.5 -1.1 -47.0 -22.2 -37.3 -24.9 -31.4 46.0 -44.8 -17.0 16.4 18.8 -22.2 -26.9 -41.3 -21.1 -15.2 55.5 51.0 12.3 3.5 0.6 3.7 13.7 0.0 -11.1 -0.9 4.8 -9.6 52.5 -14.7 0.6 8.3 15.5 -12.3 7.3 6.7 -4.6 5.6 -16.9 -19.7 10.9 -6.5 -20.0 16.6 -7.8 -5.0 -15.9 2.2 18.1 -4.2 -5.8 -10.1 -18.4 3.5 4.9 7.1 -0.1 -1.3 -67.2 -9.8 -9.2 -12.6 -15.8 -7.5 -1.6 -18.4 3.1 -4.4 17.7 1.8 -2.5 5.2 -4.7 1.3 -12.8 -4.4 3.5 7.6 -2.3

-1.7 -5.1 2.1 -50.1 5.6 30.7 10.8 -19.8 : -80.6 -20.1 -6.8 -40.3 -23.9 -39.1 -15.0 -27.6 43.5 -45.1 -26.2 14.5 20.0 -26.1 -25.6 -41.3 -18.5 -15.9 53.4 50.7 11.8 4.5 2.1 -0.3 19.0 1.7 -10.5 -0.2 2.9 -13.2 44.1 -11.2 5.5 8.2 16.7 -12.4 5.0 9.3 -3.1 5.7 -13.5 -18.9 10.6 -7.3 -17.8 22.5 -6.9 -6.0 -15.9 2.4 16.7 -3.9 -5.5 -6.4 -16.3 0.7 8.6 6.3 0.8 -1.4 -59.2 -8.1 -9.9 -10.3 -15.1 -3.4 -6.0 -16.3 1.5 -6.6 12.7 0.5 -1.6 2.5 -4.0 2.2 -10.7 -4.8 4.9 8.1 -1.9

-0.3 -3.4 4.4 -51.0 9.2 27.7 10.3 -17.9 : -80.5 -21.5 -4.1 -42.2 -16.8 -43.9 -21.0 -27.8 44.8 -43.0 -4.6 16.1 16.8 -23.7 -23.6 -40.9 -19.6 -14.9 53.9 49.0 12.9 5.4 3.3 -6.0 20.7 3.5 -11.2 5.5 6.3 -15.6 45.2 -3.7 4.0 9.1 14.7 -14.2 7.8 5.4 -2.0 4.2 -19.3 -25.4 6.2 -5.0 -13.1 17.7 -4.7 -4.5 -16.5 -0.1 17.5 -3.4 -5.3 -9.1 -16.8 1.8 4.6 7.2 0.6 0.5 -56.3 -8.8 -11.0 -8.0 -13.9 -7.2 -6.5 -15.2 1.9 -5.7 14.7 3.3 -1.5 2.3 -5.0 2.0 -11.6 -5.8 4.5 7.8 0.9

1.0 -2.2 2.8 -43.7 9.6 26.9 13.2 -15.1 : -75.8 -19.4 -6.9 -42.0 -12.4 -37.2 -20.9 -28.1 46.5 -44.5 -13.3 13.0 15.9 -20.0 -23.1 -39.9 -22.7 -12.6 55.5 49.2 15.0 6.0 5.2 -4.3 15.5 0.4 -8.2 9.7 2.8 -16.2 46.0 0.2 11.3 9.7 5.1 -10.1 10.5 4.2 3.1 3.9 -16.0 -22.3 9.6 -0.6 -10.3 19.1 -6.6 -5.5 -16.3 -1.6 12.4 -3.9 -5.9 -7.0 -18.0 1.8 4.9 6.4 -0.8 1.8 -53.2 -7.8 -13.3 -6.6 -13.9 -6.5 -1.9 -14.6 1.2 -5.8 14.6 -0.6 -1.7 5.9 -4.8 5.2 -10.0 -3.7 4.9 6.7 -0.6

-0.2 -3.5 2.8 -46.3 7.8 27.5 10.7 -16.5 : -78.6 -17.5 -10.7 -36.1 -13.2 -32.7 -27.0 -28.5 52.6 -46.2 -7.2 13.4 20.0 -23.7 -17.9 -45.0 -15.2 -15.7 56.0 49.1 14.3 6.3 4.8 -0.1 19.4 3.8 -8.8 5.5 2.8 : 42.3 0.3 15.2 15.7 7.5 -5.3 8.4 6.6 -1.5 3.9 -19.7 -27.7 4.3 -0.9 -14.1 22.6 -8.7 -5.5 -15.8 -1.0 14.9 -3.5 -5.3 -5.5 -17.6 3.3 10.4 6.0 -0.8 : -54.5 -7.0 -12.9 -9.5 -12.3 -5.6 -2.2 -14.8 1.6 -5.8 14.8 0.6 0.4 4.8 -4.4 0.2 -9.4 -5.4 7.1 6.4 -0.4

18

TABLE 4 (continued) : Monthly

survey of consumers (s.a.) (a) Since 1990 (*) Min.

GENERAL ECONOMIC SITUATION OVER LAST 12 MONTHS (Question 3)

SAVINGS AT PRESENT (d) (Question 10)

MAJOR PURCHASES OVER NEXT 12 MONTHS (Question 9)

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

05-09 03-09 02-09 03-10 08-12 03-09 06-09 10-92 07-09 01-12 08-12 08-09 03-11 04-93 05-13 06-09 01-10 04-09 04-09 04-10 07-03 04-09 09-01 10-12 06-10 10-09 10-99 01-92 04-09 05-09 : : 04-16 07-03 06-11 01-90 04-16 09-96 01-13 06-17 06-08 12-16 07-05 06-04 07-13 08-09 10-05 09-16 11-95 04-11 07-16 04-15 09-01 03-08 06-02 04-15 10-04 04-94 09-01 03-09 01-09 08-13 10-96 04-03 01-01 01-93 02-03 10-92 07-09 01-13 08-12 05-08 03-11 08-13 04-13 06-09 11-09 02-14 06-95 02-07 03-03 01-09 09-01 05-13 09-10 09-16 10-99 11-08 10-08 02-09

-66.0 -65.5 -75.7 -59.5 -60.0 -53.9 -67.3 -72.1 -91.8 -98.6 -82.0 -74.2 -74.0 -73.9 -90.5 -92.1 -72.8 -54.6 -79.4 -59.2 -70.7 -66.0 -54.9 -78.7 -76.1 -77.3 -69.0 -65.1 -68.3 -82.3 : : -60.0 -76.5 -37.4 50.7 5.5 -58.3 -24.0 -75.4 -48.4 -7.0 -47.0 26.0 -50.5 -70.2 -49.2 18.0 -82.9 -65.2 -23.6 -2.2 -48.7 -53.7 -62.1 -33.8 -55.0 -22.8 -9.4 -22.3 -27.3 -28.3 -28.7 -46.8 -36.2 -14.2 -38.9 -64.3 -56.7 -81.2 -53.8 -8.0 -50.2 -58.1 -79.8 -45.1 -38.1 -32.7 -68.6 -22.3 -32.4 -27.6 -25.7 -49.1 -50.6 -34.6 -40.9 -17.7 -17.0 -39.7

-27.9 -28.9 -25.6 -38.3 -20.7 -0.5 -17.3 -11.1 -46.7 -46.6 -26.1 -40.0 -45.5 -41.7 -35.4 -19.5 -16.8 -24.3 -34.1 -18.8 -12.7 -21.1 -19.9 -32.2 -28.4 -36.0 -29.9 -7.3 -6.2 -29.5 : : 9.5 -61.7 -16.9 66.0 38.8 -26.6 -9.8 -50.5 3.3 29.2 -35.9 54.0 -17.1 -50.0 -27.8 47.8 -62.6 -42.2 -1.2 34.2 -21.2 -32.4 -46.6 -10.6 -37.2 8.1 9.0 7.2 -17.9 -18.9 -15.8 -31.2 -19.6 -5.5 -24.2 -25.5 -36.4 -36.3 -27.9 -2.0 -35.1 -23.0 -20.1 -10.1 -6.6 -15.9 -36.4 -7.8 -20.2 -16.6 -5.0 -21.6 -29.7 -12.0 -26.3 -9.1 -5.4 -15.8

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

10-17 10-17 12-00 08-01 12-15 03-06 05-11 01-07 04-15 05-00 03-00 01-01 07-07 05-90 08-17 09-06 06-07 09-17 09-02 06-17 03-98 08-07 04-08 10-17 07-07 10-17 04-07 10-17 01-11 04-15 : : 02-01 09-17 03-01 07-08 09-02 02-07 05-09 07-08 08-96 06-95 03-17 09-09 06-01 07-17 03-15 08-07 12-00 08-17 04-02 11-07 10-17 09-97 06-01 12-06 04-17 11-07 08-07 08-07 03-00 03-00 10-03 08-08 05-07 03-06 01-90 09-06 04-15 06-03 11-00 09-99 10-17 12-06 03-03 06-06 03-08 06-17 08-02 11-13 10-17 11-00 09-08 06-90 08-04 08-07 12-16 12-06 09-96 03-00

-4.1 1.0 22.4 -8.8 11.4 26.3 29.3 33.0 20.9 5.8 12.8 -1.3 -14.3 -8.2 18.7 5.9 21.5 5.9 6.3 34.2 33.6 22.3 15.3 20.9 -3.1 5.4 17.4 33.7 30.1 4.9 : : 69.6 -44.3 14.7 82.8 61.1 -2.0 19.3 -13.9 58.5 61.1 -26.4 84.8 9.9 -22.0 4.0 69.3 -27.5 -14.8 16.4 65.6 0.5 -2.3 -23.7 18.6 -17.2 36.6 26.1 41.1 -10.0 -12.2 -5.9 -5.9 -0.3 3.9 -13.6 -0.3 -9.8 4.8 -7.1 1.2 -19.8 -8.0 40.0 22.9 16.6 -4.3 -7.5 3.9 -11.7 -3.9 1.1 14.1 -15.6 4.3 -12.9 -3.1 7.2 0.6

-13.7 -12.6 -20.2 -28.7 8.6 0.7 5.5 -12.8 : -78.2 -9.7 -27.7 -24.9 -26.7 7.6 -21.9 -15.8 -1.4 -9.5 23.9 18.4 -21.5 -2.8 -7.2 -16.3 -10.2 -11.3 7.3 -4.6 -24.4 : : -53.5 -50.2 -13.0 58.3 10.4 -19.0 -5.8 -67.3 -29.3 -2.2 -32.2 50.3 -13.1 -37.4 -11.8 21.4 -42.5 -29.3 -19.1 6.7 -11.6 -32.9 -34.0 -27.0 -22.2 2.8 2.9 -9.4 -15.1 -17.9 -9.0 -28.6 -14.2 -6.3 -17.8 -25.0 : -57.9 -19.6 -1.5 -25.6 -34.7 -22.3 -17.7 0.8 -7.1 -15.9 -11.2 -15.0 -15.5 -2.1 -31.3 -20.6 -30.0 -18.6 -9.2 -2.1 -8.2

-11.8 -10.0 -18.6 -26.4 5.2 2.5 6.3 -7.0 : -73.7 -7.2 -28.4 -18.7 -19.2 9.2 -25.8 -15.2 -7.2 -7.0 23.3 20.7 -11.8 -5.3 1.1 -20.5 -10.4 -10.2 14.3 -2.3 -23.3 : : -51.9 -47.4 -18.0 58.5 10.7 -5.0 -4.7 -60.7 -26.9 -7.0 -33.4 56.2 -20.9 -42.9 -14.1 24.9 -44.1 -28.4 -17.3 7.6 -5.5 -30.7 -35.1 -22.0 -20.2 4.3 0.9 -3.7 -15.2 -18.4 -12.8 -23.6 -15.0 -8.0 -19.1 -20.2 : -54.4 -21.2 -1.3 -24.3 -35.0 -26.0 -23.4 5.2 -21.8 -13.9 -14.1 -13.7 -15.2 -4.3 -30.1 -22.7 -31.3 -12.9 -10.2 -4.0 -5.5

-11.8 -10.3 -15.9 -25.9 8.3 5.0 7.1 -5.8 : -73.1 -6.6 -27.7 -24.1 -24.5 13.8 -30.1 -18.0 -1.9 -2.9 21.3 22.2 -11.4 2.5 1.2 -15.0 -1.1 -13.4 13.0 -3.5 -24.9 : : -57.8 -48.5 -11.0 56.3 12.1 -8.7 -5.5 -69.7 -28.9 -3.1 -30.8 58.8 -22.7 -43.3 -17.1 28.9 -44.4 -28.1 -19.7 10.3 -7.2 -32.5 -32.2 -16.7 -20.0 8.0 4.1 -4.5 -15.1 -18.0 -14.2 -25.2 -15.4 -2.8 -19.6 -22.6 : -59.2 -17.9 -3.4 -23.7 -30.7 -27.7 -26.9 0.7 -5.9 -13.6 -10.2 -13.8 -13.2 -1.4 -30.5 -23.6 -20.7 -16.4 -10.7 -4.8 -7.6

-12.4 -11.7 -15.8 -27.8 8.6 7.7 5.5 -1.9 : -79.2 -7.6 -27.7 -20.0 -29.7 16.1 -24.0 -20.7 -1.2 -5.5 23.3 26.3 -10.5 -2.3 -1.2 -15.8 -5.5 -13.9 12.2 -1.5 -21.8 : : -55.5 -51.2 -14.5 59.7 12.6 -6.7 -4.8 -69.2 -29.7 0.1 -30.0 55.6 -20.7 -42.4 -18.5 27.3 -42.4 -28.0 -11.2 4.2 -8.1 -31.2 -35.8 -19.3 -20.3 10.2 3.2 -3.7 -15.5 -18.1 -14.8 -32.8 -10.5 -1.8 -20.3 -17.4 : -57.2 -19.3 -2.3 -20.7 -30.6 -29.4 -26.6 -0.9 -13.0 -14.6 -11.9 -13.4 -11.3 -3.0 -31.8 -21.1 -27.8 -15.2 -13.8 -2.0 -9.8

-12.0 -11.3 -14.1 -28.5 2.8 7.6 4.1 1.3 : -80.5 -7.0 -28.1 -21.0 -26.6 14.4 -21.0 -22.6 -4.9 -3.6 27.4 27.7 -7.4 1.4 2.2 -9.4 -6.6 -15.5 15.6 -2.4 -21.8 : : -50.6 -51.5 -7.9 56.2 12.5 -7.8 -7.0 -70.7 -28.0 1.8 -26.4 51.3 -20.9 -38.0 -16.5 23.1 -42.9 -28.0 -13.1 4.9 -6.7 -28.4 -31.2 -23.8 -20.5 12.2 5.4 -0.4 -14.8 -17.5 -13.6 -31.9 -14.4 -3.4 -18.1 -24.9 : -65.1 -18.7 -1.8 -24.1 -31.4 -26.4 -20.5 1.0 -8.5 -11.7 -8.4 -14.5 -12.3 -5.3 -30.5 -17.9 -25.0 -15.0 -9.5 -3.8 -7.5

-11.0 -9.8 -7.3 -32.3 5.0 9.4 6.1 0.1 : -72.8 -3.3 -27.5 -32.4 -28.2 13.9 -25.8 -20.0 3.6 -8.4 28.2 26.6 -4.7 5.1 4.2 -13.6 -5.2 -14.5 21.2 1.1 -22.8 : : -47.4 -50.2 -12.9 56.6 13.2 -7.1 -8.0 -73.2 -27.1 1.4 -31.5 55.6 -13.4 -41.2 -16.7 26.6 -44.7 -32.3 -15.7 8.3 -7.8 -26.3 -31.5 -14.8 -17.2 14.4 7.3 -1.4 -15.1 -18.3 -13.7 -29.9 -10.9 -2.9 -19.9 -21.1 : -55.3 -18.2 -1.1 -23.1 -35.2 -26.2 -24.3 -0.3 -15.9 -14.0 -16.1 -13.5 -12.7 -5.2 -31.2 -18.2 -26.4 -14.5 -9.5 -3.0 -6.7

-10.4 -9.2 -6.1 -33.2 6.3 9.5 6.6 -0.4 : -74.3 0.0 -28.4 -27.7 -27.7 16.3 -25.6 -19.9 5.1 -12.3 27.6 23.1 2.6 5.7 9.1 -13.5 -4.7 -10.7 16.6 4.3 -22.3 : : -48.3 -52.8 -10.8 59.2 10.3 -6.8 -5.4 -74.9 -26.7 4.3 -33.1 56.6 -11.0 -39.1 -16.1 29.3 -42.1 -22.4 -11.7 5.9 -12.2 -25.8 -28.7 -21.4 -21.5 14.1 7.9 1.9 -15.0 -18.1 -13.5 -31.8 -11.5 -4.4 -17.6 -23.3 : -57.3 -16.1 -2.4 -22.5 -37.6 -24.8 -23.1 -1.8 -14.2 -14.5 -7.1 -15.3 -11.7 -3.3 -29.3 -18.9 -24.0 -18.9 -7.0 -4.4 -6.4

-8.5 -5.3 -8.7 -31.4 3.9 11.1 10.1 4.5 : -76.6 -0.2 -16.3 -26.7 -27.1 17.6 -20.0 -18.8 0.0 -8.3 34.2 26.8 -0.9 4.1 16.1 -11.4 -2.9 -13.9 22.5 2.2 -27.5 : : -53.2 -49.7 -9.6 57.1 11.8 -2.9 -4.6 -75.4 -25.7 4.5 -40.6 55.3 -10.7 -31.4 -16.8 26.7 -42.9 -18.3 -17.2 8.4 -10.3 -21.1 -29.6 -14.0 -22.7 15.9 12.7 -0.3 -14.6 -17.3 -14.1 -27.0 -10.3 -3.5 -16.8 -22.2 : -57.9 -16.1 -1.7 -27.6 -34.8 -28.6 -18.1 0.4 -4.3 -13.5 -3.8 -16.3 -12.0 -4.1 -28.0 -20.7 -26.7 -17.9 -9.5 -2.8 -7.9

-7.9 -4.2 -5.8 -28.7 3.2 12.3 10.3 4.7 : -70.0 2.9 -15.8 -22.8 -27.1 16.4 -19.6 -19.7 0.1 -8.7 29.6 29.5 5.4 4.5 15.5 -16.2 0.5 -10.1 21.3 2.0 -28.4 : : -48.3 -53.0 -10.1 61.4 8.4 -9.4 -6.5 -69.6 -24.3 6.7 -30.4 52.8 -14.4 -22.0 -18.1 28.9 -42.1 -25.4 -21.4 8.4 -9.7 -19.0 -33.6 -17.1 -21.3 15.5 6.6 1.2 -13.3 -16.1 -10.3 -22.8 -10.2 -4.8 -18.1 -17.3 : -60.3 -12.7 -1.6 -23.4 -30.5 -27.1 -11.8 0.7 -15.9 -14.6 -2.5 -12.0 -11.1 -3.0 -25.7 -17.9 -23.9 -18.6 -9.8 -5.2 -5.4

-7.7 -3.2 -3.9 -26.1 0.4 12.0 10.9 5.7 : -64.1 2.6 -16.1 -24.7 -24.5 18.7 -23.3 -18.3 5.0 -8.2 29.4 31.7 8.8 4.1 13.6 -14.3 -4.4 -11.8 25.7 1.2 -30.3 : : -50.4 -46.0 -10.0 59.3 9.1 -11.1 -7.2 -70.1 -26.2 8.4 -30.0 62.1 -15.3 -30.3 -15.4 36.2 -43.6 -14.8 -14.6 9.6 -5.0 -19.4 -32.9 -19.1 -22.9 17.0 -1.5 5.7 -13.9 -16.1 -12.3 -24.4 -12.3 -4.2 -17.9 -25.9 : -52.3 -12.0 -2.3 -25.0 -29.4 -28.6 -20.4 -0.1 -11.8 -13.8 -2.9 -12.6 -16.2 -3.7 -29.3 -17.0 -22.5 -20.9 -8.2 -4.3 -8.9

-5.6 -1.0 -3.8 -28.4 1.4 15.4 12.1 10.0 : -59.2 0.9 -14.5 -29.8 -15.5 18.1 -19.2 -16.3 5.9 -10.0 30.9 29.2 13.6 7.5 14.0 -12.9 1.7 -13.6 31.6 2.8 -28.7 : : -46.9 -44.3 -6.3 57.2 11.9 -12.5 -3.2 -64.5 -23.2 2.6 -29.3 59.4 -17.3 -26.3 -16.9 27.9 -45.7 -15.2 -16.0 7.3 -0.9 -18.0 -32.9 -21.1 -20.2 17.9 0.5 3.9 -13.5 -15.6 -9.8 -23.1 -8.6 -5.0 -17.7 -28.9 : -50.4 -16.1 -2.2 -22.2 -26.3 -31.1 -18.2 -0.6 -16.8 -11.8 -6.0 -13.7 -10.2 -0.9 -26.0 -18.9 -24.5 -18.9 -7.2 -5.1 -8.9

-4.1 1.0 4.1 -25.9 3.5 15.0 13.9 11.1 : -62.9 4.4 -12.9 -31.9 -13.2 18.1 -19.8 -19.9 5.3 -6.3 33.0 26.7 15.4 7.4 20.9 -22.2 5.4 -12.2 33.7 6.6 -28.4 : : -47.7 -45.3 -11.7 53.2 8.2 -11.0 : -69.2 -20.4 -3.9 -28.6 59.3 -15.2 -36.3 -20.6 28.0 -43.4 -15.9 -16.7 7.2 0.5 -16.2 -33.5 -9.4 -21.4 21.9 5.2 2.6 -13.3 -15.7 -9.1 -28.8 -4.9 -0.1 -16.6 -23.0 : -50.5 -14.8 -2.8 -19.8 -28.4 -27.7 -18.2 1.3 -17.3 -11.6 -3.1 -11.7 -14.4 0.5 -27.8 -25.1 -22.4 -16.9 -8.5 -5.6 -7.8

19

TABLE 4 (continued) : Monthly

survey of consumers (s.a.) (a) Since 1990 (*) Min. Date

Ave.

2017 Apr

May

Jun

Jul

Aug

Sep

Oct

10-08 -35.6 -12.4 01-00 4.5 -0.7 0.7 -0.9 -1.4 -2.2 -1.0 EU 10-08 -36.8 -15.6 03-99 3.3 -1.9 -1.8 -2.6 -2.6 -4.0 -2.5 EA 06-97 -40.4 -1.0 09-07 26.1 9.7 7.6 6.4 8.5 8.0 12.4 BE 06-02 -65.3 -38.2 10-06 -17.1 -29.9 -25.0 -27.5 -32.6 -32.7 -31.3 BG 05-95 -31.4 1.2 07-03 33.9 16.9 14.1 16.6 13.4 12.5 15.8 CZ 11-08 -32.8 -7.7 09-97 9.5 -6.4 -4.4 -5.0 -6.3 -7.1 -7.0 DK 11-02 -30.8 -2.3 11-06 32.2 23.3 22.1 23.3 19.2 20.5 23.6 DE 11-11 -20.6 11.8 08-01 52.7 12.9 14.6 15.3 19.9 15.3 15.8 EE 04-92 -21.5 11.9 09-97 39.7 26.0 22.9 26.4 23.2 23.5 27.3 IE 07-12 -75.0 -43.6 01-01 -9.8 -64.4 -62.5 -63.9 -61.9 -68.1 -68.2 EL 06-93 -63.8 -24.2 11-99 25.7 -24.9 -27.1 -24.8 -26.2 -24.8 -29.3 ES 08-08 -40.6 -16.6 07-00 14.4 -5.4 -4.3 -5.7 -1.1 -6.8 -3.5 FR 05-12 -50.8 -33.0 12-06 -11.4 -32.0 -29.2 -27.8 -25.1 -25.6 -29.8 HR 11-96 -64.2 -35.9 05-90 -2.4 -26.4 -23.4 -29.1 -28.1 -31.6 -30.7 IT 04-13 -70.4 -23.7 06-01 28.0 -23.0 -22.5 -15.6 -20.4 -23.9 -24.2 CY 02-09 -36.7 -12.5 12-06 21.4 -18.3 -10.6 -11.2 -18.4 -21.7 -19.6 LV 03-09 -11.9 15.5 02-06 50.0 4.9 8.4 11.7 5.9 2.0 4.8 LT 10-08 -34.5 -5.2 11-14 22.9 10.4 9.0 21.2 14.3 12.1 14.0 LU 06-96 -86.8 -49.4 03-06 -6.9 -22.4 -23.9 -24.9 -23.2 -27.0 -29.7 HU 04-09 -22.4 11.6 07-17 48.9 34.7 35.9 38.5 38.9 37.3 40.3 MT 09-03 -39.1 -4.5 12-00 43.0 15.9 15.8 12.6 16.5 17.7 17.7 NL 07-08 -17.8 9.0 08-99 29.4 17.1 13.8 19.5 18.0 16.9 14.3 AT 11-01 -27.0 -2.9 05-07 13.9 -0.3 4.7 1.6 0.9 3.9 0.6 PL 12-08 -90.3 -49.8 01-92 -1.5 -57.1 -50.5 -55.1 -51.1 -50.7 -49.0 PT 08-10 -62.8 -37.1 06-01 12.5 -29.8 -38.2 -33.2 -30.0 -25.8 -28.6 RO 08-12 -59.6 -24.8 08-06 17.7 -18.1 -19.3 -16.0 -16.1 -13.0 -10.7 SI 02-04 -24.8 -7.2 06-08 11.3 -3.2 -2.3 -3.7 -4.0 -3.3 -3.6 SK 04-90 -27.3 16.7 12-09 48.7 27.6 22.9 19.6 14.4 17.6 21.6 FI 10-08 -37.9 14.4 08-05 36.2 18.4 19.8 20.9 20.0 19.2 17.4 SE 10-08 -40.6 0.4 11-02 28.3 5.1 12.4 6.2 4.2 4.5 6.4 UK 08-09 -11.6 19.8 09-90 48.8 12.7 14.5 19.0 19.4 20.1 18.3 PRICE TRENDS EU 08-09 -16.4 18.7 01-91 50.6 6.1 8.5 14.1 14.2 15.5 13.9 OVER NEXT EA 08-09 -13.6 19.1 10-01 45.6 16.4 20.9 25.0 27.9 24.2 22.2 12 MONTHS BE 07-01 -3.2 33.0 12-06 54.4 22.9 21.6 20.8 27.1 25.0 31.2 (Question 6) BG 11-09 -8.7 34.8 03-98 72.0 20.2 16.7 23.2 23.8 25.2 17.4 CZ 07-09 -40.9 -2.6 06-08 31.5 14.8 14.9 19.8 20.6 19.0 18.0 DK 08-09 -18.1 26.2 03-91 57.9 11.8 10.8 17.3 18.9 20.6 17.4 DE 04-09 -28.8 36.1 05-04 87.8 13.1 18.0 25.6 30.9 33.6 32.0 EE 05-09 -43.5 -2.6 09-12 17.9 : : : : : : IE 03-15 -16.6 30.0 05-90 60.1 11.3 21.9 28.3 30.9 25.8 20.2 EL 05-09 -29.9 10.0 08-12 40.0 2.0 11.0 14.5 12.5 10.0 9.5 ES 08-97 -13.4 14.1 01-91 53.6 8.4 16.2 20.0 17.7 20.3 19.5 FR 02-16 -6.9 22.9 06-08 52.2 8.7 7.7 12.7 11.2 9.8 14.9 HR 07-09 -29.1 10.8 02-91 61.8 -13.9 -18.2 -8.1 -7.6 -5.0 -7.0 IT 01-15 -43.0 15.5 10-02 68.2 -14.0 -16.1 -10.0 -4.9 -6.5 -9.3 CY 05-09 -40.8 28.1 03-04 69.7 8.9 15.9 19.7 18.9 19.7 20.0 LV 06-09 1.4 43.7 05-04 74.2 23.5 26.7 34.5 38.0 37.8 35.7 LT 07-09 -21.2 14.4 08-07 44.1 9.8 17.6 18.2 18.4 21.1 9.4 LU 05-16 12.9 46.8 01-07 75.5 17.2 17.6 16.1 19.1 19.0 18.4 HU 08-14 -8.3 26.6 03-11 66.1 2.9 10.4 14.1 10.7 16.1 16.7 MT 12-02 -19.1 20.5 01-91 57.4 13.9 18.9 19.4 19.8 28.8 29.3 NL 12-95 -18.6 22.4 03-11 50.4 31.6 28.4 31.4 30.9 31.8 33.5 AT 01-16 -5.0 25.8 04-04 54.7 6.2 7.8 6.0 7.6 9.1 4.3 PL 06-09 -9.9 24.8 09-11 69.5 3.6 3.4 13.6 9.6 6.9 5.1 PT 01-16 -18.0 39.1 02-08 63.4 1.2 -0.1 -3.1 -3.3 1.9 8.3 RO 10-09 -11.0 31.2 04-00 62.2 24.3 27.7 31.0 28.7 27.3 23.1 SI 01-16 -15.1 35.5 11-02 77.6 4.6 9.1 15.2 21.2 25.1 26.0 SK 12-95 -21.4 16.8 01-08 49.9 9.1 13.8 12.7 15.1 14.2 15.5 FI 03-05 -14.4 15.7 10-07 47.1 27.7 27.0 30.1 32.7 27.0 24.1 SE 07-09 -5.1 23.1 09-90 57.1 38.7 38.9 41.7 42.3 41.3 38.7 UK 04-16 -4.9 23.7 07-08 68.1 1.5 3.1 8.0 12.5 14.3 12.1 PRICE TRENDS EU 10-09 -7.3 27.3 07-08 73.5 2.6 3.7 9.2 13.8 15.6 13.5 OVER LAST EA 06-98 -1.3 40.0 05-08 83.6 39.7 40.4 45.9 50.9 55.2 49.7 12 MONTHS BE 06-01 5.6 47.0 05-08 85.9 36.6 28.9 30.2 31.3 31.0 29.9 (Question 5) BG 10-09 -36.5 8.4 03-98 63.2 -17.3 -14.4 -10.2 -10.1 -7.2 -8.9 CZ 09-93 -50.8 -15.3 07-08 55.5 -16.0 -14.8 -10.8 -7.8 -9.2 -11.3 DK 10-09 -24.9 28.0 07-08 77.8 5.4 3.2 8.8 13.9 18.7 15.5 DE 11-09 -35.0 37.3 04-08 88.3 13.5 12.1 20.4 28.3 35.4 39.4 EE 02-10 -62.4 -10.2 09-12 18.4 : : : : : : IE 03-15 -9.1 41.2 01-08 84.8 26.9 32.8 40.8 42.0 39.2 36.8 EL 01-10 -37.5 25.4 07-08 65.6 -7.0 -1.1 9.2 25.4 21.4 16.7 ES 01-99 -22.6 22.9 06-08 82.5 10.2 13.9 18.2 16.9 17.2 15.1 FR 06-16 7.0 45.9 07-08 85.3 16.2 11.2 24.2 24.3 24.0 25.6 HR 12-16 -18.4 28.0 08-08 70.3 -16.7 -18.4 -13.4 -7.2 -3.2 -3.2 IT 02-15 -37.7 22.5 06-08 68.5 -18.1 -16.6 -6.6 -10.3 -5.4 -13.0 CY 02-10 -36.5 29.7 06-08 81.0 9.3 16.8 18.0 24.9 22.9 26.9 LV 10-03 -17.4 38.1 06-08 71.2 59.8 63.5 62.4 66.6 66.1 66.3 LT 11-09 -9.6 29.1 08-08 69.6 9.6 11.0 17.7 17.1 23.2 14.4 LU 05-16 -5.5 35.5 06-95 71.2 -3.1 -2.3 -1.9 1.2 -1.4 0.4 HU 07-14 0.6 40.2 01-11 69.3 21.8 22.5 25.5 26.3 24.1 22.0 MT 09-09 0.2 33.6 12-02 86.3 6.9 10.5 13.4 19.1 16.6 17.3 NL 02-96 -48.2 20.8 06-08 79.8 14.0 16.1 21.1 18.0 25.1 26.7 AT 01-16 -15.1 22.2 04-11 55.1 -4.1 -1.5 -4.2 1.3 4.8 -3.1 PL 01-10 -16.5 33.4 05-08 74.1 -2.4 -0.9 2.9 4.9 4.5 4.7 PT 01-16 -33.4 44.3 06-11 79.3 -8.0 -9.1 -13.3 -12.7 -9.5 -5.5 RO 11-15 -2.6 35.1 02-08 87.8 5.0 8.1 13.9 15.0 18.1 11.3 SI 04-15 -20.1 22.1 10-99 69.9 -10.9 -9.9 -6.8 0.8 3.4 4.8 SK 11-95 -58.5 -10.3 07-08 33.0 -31.4 -26.4 -25.8 -26.2 -26.7 -26.2 FI 03-05 -40.1 -22.5 07-08 21.9 -20.4 -20.1 -17.7 -17.3 -15.6 -17.4 SE 11-01 -15.1 15.4 08-08 59.6 3.9 7.8 13.6 18.6 20.8 18.7 UK (*) Minimum, maximum and averages are calculated over the period of availibility which is not necessarily as from 01/1990. (a) The sum of the replies for each Member State are weighted in the Community total with the value of consumers’ expenditure. (b) The indicator is the arithmetic average of the balances (%) of four questions: the financial situation of households, the general economic situation, unemployment expectations (with inverted sign) and savings, all over the next 12 months. (c) Results for question 7 are not seasonally adjusted. (d) Due to a lack of harmonisation, the publication of the European aggregates is discontinued. National results are not comparable across countries.

-1.9 -4.1 9.5 -34.0 12.5 -9.1 22.2 16.1 28.1 -71.3 -23.8 -11.1 -28.0 -31.4 -15.0 -18.9 6.8 16.9 -25.5 42.7 15.2 17.5 0.4 -43.9 -32.5 -8.5 -4.0 20.7 18.4 8.1 18.0 12.8 23.7 33.1 17.5 21.9 17.5 31.7 : 11.6 14.2 14.1 12.5 -7.3 -7.9 28.2 31.3 10.0 23.1 15.5 26.4 29.8 8.5 0.9 17.0 22.7 17.8 21.3 20.3 40.0 11.2 11.8 45.2 32.2 -7.7 -9.8 14.7 42.2 : 31.7 15.7 11.7 22.6 -5.3 -8.8 33.5 63.4 13.1 2.4 20.8 19.6 21.9 -0.2 0.7 -0.3 11.8 2.6 -24.6 -17.5 19.0

-1.2 -1.2 6.7 -30.5 10.6 -6.2 23.4 15.8 31.8 -70.6 -23.8 -1.4 -32.2 -30.0 -19.7 -12.7 1.2 16.4 -25.9 45.1 18.1 19.6 -0.4 -41.5 -33.5 -5.9 -5.6 23.4 20.2 -0.4 18.3 13.0 24.2 29.4 27.4 17.1 17.9 34.8 : 15.4 12.3 11.4 8.4 -2.8 -11.0 25.0 35.2 9.1 21.7 10.4 26.3 30.9 4.1 1.4 16.2 25.8 18.8 20.0 21.3 41.7 12.2 11.7 48.3 36.0 4.9 -11.6 14.5 36.0 : 32.3 13.6 10.1 19.2 -1.9 -15.2 29.8 62.2 6.6 1.7 20.3 16.8 24.6 -1.4 -0.4 5.7 11.3 4.3 -23.8 -16.3 24.3

0.4 0.8 5.0 -31.0 13.3 -4.1 22.9 13.9 27.6 -67.2 -14.7 -1.1 -30.4 -25.0 -13.2 -15.2 1.2 14.4 -23.4 48.9 18.9 21.7 0.4 -35.6 -33.8 -11.2 -3.7 22.0 17.1 1.2 16.8 11.7 18.5 29.8 25.3 18.6 15.1 40.2 : 8.8 5.8 14.9 15.4 -4.7 -11.8 30.3 33.2 13.5 21.8 15.1 29.3 29.7 7.3 2.4 18.5 21.7 21.9 16.4 27.0 36.6 12.0 10.1 42.5 39.7 5.7 -11.4 15.7 41.5 : 26.9 8.6 9.5 22.3 -6.7 -19.6 30.8 62.0 9.2 3.1 21.8 17.9 21.7 3.1 0.5 10.5 7.6 4.9 -26.4 -12.2 27.1

-0.5 -0.1 8.4 -30.2 16.8 -8.6 24.4 14.6 24.1 -64.9 -21.6 -2.9 -29.4 -25.5 -16.7 -16.8 1.7 19.6 -24.1 47.6 17.8 18.0 5.6 -35.3 -33.9 -10.4 -5.0 21.3 20.1 -1.7 17.1 11.6 16.3 30.5 27.9 20.8 15.8 42.7 : 2.2 7.7 13.8 12.3 -5.1 -10.6 34.9 33.7 10.2 25.5 14.4 28.0 28.0 12.2 5.4 15.3 33.3 27.8 19.4 25.6 37.9 11.7 9.9 40.8 42.3 14.7 -7.9 14.5 48.5 : 25.4 10.3 7.8 23.5 -6.5 -15.4 40.2 60.1 14.1 3.8 18.6 20.6 21.4 7.8 1.4 6.7 16.7 11.6 -24.6 -14.7 25.2

0.5 1.0 7.6 -26.9 14.5 -8.6 24.8 12.3 26.9 -58.6 -20.9 -2.8 -25.1 -22.2 -19.3 -13.3 1.9 10.4 -25.0 41.2 17.8 18.3 4.9 -34.3 -29.1 -10.3 -1.5 25.8 18.5 -0.4 19.0 14.2 18.1 27.3 33.0 18.4 18.1 43.4 : 8.1 7.4 17.9 17.9 -3.0 -9.1 26.4 34.3 15.8 21.9 14.6 37.0 30.0 13.1 5.9 18.1 28.2 30.0 19.1 21.0 38.2 13.0 11.5 44.2 38.3 14.0 -8.8 17.0 59.2 : 20.8 11.0 8.7 27.7 -6.6 -15.2 42.9 58.7 11.5 3.4 19.8 30.4 24.7 9.8 1.2 6.4 10.5 10.1 -25.4 -15.9 26.1

1.2 1.0 7.5 -26.0 11.2 -3.8 27.1 17.2 : -64.8 -19.4 -5.6 -26.2 -23.0 -16.1 -21.4 0.6 17.1 -27.0 43.1 18.7 21.6 7.3 -34.4 -34.2 -4.5 -7.5 24.0 24.0 2.2 19.0 14.7 19.6 26.3 29.8 18.7 16.0 39.1 : 7.1 6.4 21.7 17.9 -3.0 -10.3 26.8 37.9 12.3 20.1 11.6 40.5 30.6 13.9 6.3 25.8 36.9 32.7 21.0 21.6 35.8 14.4 13.0 44.5 40.2 19.6 -5.4 17.9 62.1 : 21.4 9.4 12.3 26.9 -2.5 -11.7 39.2 59.7 14.8 2.5 18.4 23.3 32.9 10.1 3.6 16.2 11.3 14.8 -22.5 -11.2 25.5

MAJOR PURCHASES AT PRESENT (Question 8)

Value

2016 Max. Date

Value

Nov

Dec

Jan

Feb

Mar

20

TABLE 4b: Quarterly survey

of consumers (Data collected in January, April, July and October each year.)

Intention to buy a car within the next 12 months (s.a.) (a) (Question 13) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

II-11 II-11 I-09 I-02 II-05 I-90 IV-08 IV-09 I-12 I-13 II-11 II-97 I-11 II-13 II-13 I-00 I-10 IV-05 III-09 II-05 III-13 II-14 III-03 III-11 I-14 I-12 II-04 I-13 II-09 III-93

-75.3 -78.1 -85.4 -93.1 -79.6 -79.3 -77.8 -90.3 -74.0 -98.7 -94.1 -83.3 -86.0 -93.5 -94.1 -84.2 -88.0 -77.0 -90.8 -88.8 -47.1 -70.0 -77.2 -88.3 -84.7 -84.0 -85.1 -68.0 -65.8 -71.0

Ave. -62.6 -64.8 -66.8 -79.8 -69.8 -63.8 -55.2 -73.7 -47.5 -73.4 -75.1 -76.5 -78.9 -72.3 -68.8 -64.3 -77.2 -62.3 -79.9 -83.8 -31.6 -57.3 -68.9 -70.2 -75.4 -65.4 -79.1 -54.7 -48.2 -53.5

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

II-99 I-00 II-95 II-16 IV-17 I-97 II-90 II-03 IV-99 II-00 III-99 III-17 III-17 II-90 I-04 I-02 III-01 III-02 I-00 I-03 II-99 III-00 III-17 III-98 IV-08 I-01 I-15 IV-02 I-00 II-99

-46.8 -47.8 -45.1 -66.5 -58.4 -42.9 -27.7 -52.8 -20.5 -38.2 -25.2 -68.7 -71.4 -46.5 -44.6 -11.3 -65.4 -23.8 -32.8 -74.7 -19.0 -40.0 -55.3 -41.3 -60.6 -43.7 -73.8 -31.0 -26.5 -34.1

-66.3 -72.5 -78.0 -73.0 -63.6 -56.7 -66.6 -74.5 : -90.2 -83.5 -74.7 -76.8 -80.2 -83.5 -58.8 -75.6 -62.3 -77.8 -80.1 -41.5 -58.8 -65.1 -83.8 -80.3 -72.0 -81.1 -59.6 -56.1 -41.7

-66.1 -73.2 -76.1 -66.5 -61.2 -57.4 -67.5 -73.5 : -91.3 -86.5 -74.7 -78.9 -82.8 -78.1 -59.5 -77.0 -67.2 -78.7 -77.1 -37.4 -59.5 -55.6 -83.0 -78.0 -70.7 -79.8 -60.9 -56.9 -39.1

-66.1 -72.4 -79.2 -75.1 -63.0 -56.0 -68.2 -71.8 : -93.1 -83.9 -71.1 -75.5 -82.4 -79.6 -56.5 -75.3 -64.0 -76.2 -83.5 -37.1 -58.5 -63.5 -80.8 -76.9 -71.8 -79.1 -63.6 -56.1 -42.3

-65.0 -71.4 -76.0 -75.1 -64.6 -59.0 -66.1 -73.5 : -92.9 -82.6 -71.0 -77.7 -82.0 -74.1 -61.1 -77.0 -62.8 -77.7 -87.3 -37.5 -61.7 -59.7 -79.6 -77.5 -69.0 -77.4 -60.8 -53.3 -40.4

-65.8 -71.5 -73.4 -71.8 -62.4 -53.3 -66.5 -73.0 : -94.0 -83.4 -72.0 -76.8 -81.0 -81.4 -63.5 -73.4 -68.7 -78.0 -85.7 -37.9 -53.1 -63.9 -81.5 -73.9 -66.3 -79.0 -60.2 -53.2 -44.6

-64.9 -71.9 -76.9 -72.6 -58.8 -49.6 -69.2 -77.6 : -95.3 -84.1 -68.7 -73.3 -81.2 -76.7 -63.3 -79.0 -64.0 -79.1 -86.2 -37.4 -58.3 -61.3 -80.7 -74.6 -66.0 -79.2 -58.3 -47.1 -40.1

-65.3 -70.6 -76.3 -68.9 -63.9 -52.9 -67.1 -76.0 : -93.3 -81.3 -68.7 -71.4 -81.2 -74.2 -53.1 -76.8 -63.4 -78.7 -83.4 -33.9 -56.4 -55.3 -79.2 -71.5 -64.8 -76.5 -59.4 -53.4 -46.9

-64.2 -70.2 -75.7 -68.9 -58.4 -47.7 -66.0 -73.3 : -93.2 -80.6 -70.8 -72.2 -79.7 -79.2 -64.2 -74.3 -65.9 -78.8 -82.9 -31.8 -57.4 -59.5 -77.8 -79.0 -63.7 -76.9 -57.1 -56.1 -42.4

Intention to purchase or build a home within the next 12 months (s.a.) (a) (Question 14) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

II-10 II-10 IV-03 I-02 III-14 III-03 II-08 III-09 III-13 III-12 III-13 II-92 III-11 II-13 I-15 I-03 I-10 II-11 III-11 III-08 I-13 III-03 I-13 I-13 I-14 II-15 IV-03 IV-15 IV-13 I-13

-90.0 -91.6 -92.8 -95.8 -92.2 -86.0 -94.3 -94.1 -94.7 -98.2 -96.5 -89.9 -88.7 -96.9 -95.0 -95.1 -95.2 -86.7 -93.6 -94.9 -83.2 -90.9 -90.9 -96.8 -91.5 -95.4 -90.4 -89.3 -79.2 -89.9

Ave. -83.8 -85.4 -83.6 -91.0 -87.3 -77.2 -86.4 -84.6 -82.6 -85.7 -85.0 -86.2 -83.5 -89.6 -81.3 -81.6 -91.0 -78.5 -84.9 -88.6 -69.9 -84.3 -86.5 -82.4 -84.0 -82.2 -86.4 -83.3 -73.8 -78.1

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

III-90 III-90 II-95 I-17 IV-17 II-02 IV-99 III-02 II-06 I-03 III-99 II-04 I-07 IV-90 I-04 I-02 I-03 IV-02 I-00 I-17 I-99 III-01 III-10 III-98 IV-08 IV-96 II-99 III-02 IV-02 II-17

-77.7 -79.4 -67.2 -83.3 -81.9 -62.0 -78.1 -71.3 -70.6 -67.7 -70.7 -80.9 -76.4 -78.9 -64.5 -14.9 -81.6 -64.4 -38.7 -78.8 -56.1 -64.7 -82.1 -64.9 -74.3 -70.7 -80.8 -76.2 -60.6 -62.0

-83.6 -88.0 -88.9 -89.5 -85.5 -73.1 -86.6 -86.5 : -95.4 -92.7 -84.7 -84.0 -94.3 -90.8 -75.2 -92.6 -78.1 -83.3 -86.9 -76.4 -84.3 -90.2 -93.8 -88.1 -85.4 -88.6 -84.0 -77.5 -65.3

-84.1 -88.9 -85.1 -87.8 -84.7 -79.3 -89.6 -87.8 : -97.0 -94.2 -86.0 -83.9 -94.1 -91.4 -77.6 -91.5 -83.1 -84.4 -80.1 -71.1 -83.3 -84.9 -93.7 -85.8 -83.9 -88.8 -85.9 -76.3 -65.9

-84.3 -88.3 -89.9 -86.1 -86.4 -74.3 -88.1 -83.5 : -96.6 -92.1 -84.9 -82.2 -94.2 -91.1 -75.5 -91.8 -80.3 -84.5 -84.5 -73.8 -81.9 -85.0 -93.2 -87.5 -82.5 -89.4 -88.2 -76.5 -69.1

-82.5 -87.1 -87.4 -87.9 -83.4 -72.2 -87.5 -85.0 : -95.9 -91.6 -82.9 -84.0 -93.5 -91.4 -79.4 -90.7 -79.0 -84.3 -82.3 -70.9 -80.9 -89.2 -90.6 -84.2 -81.6 -89.1 -84.5 -73.6 -64.1

-82.5 -87.1 -87.4 -83.3 -82.0 -73.9 -87.4 -83.3 : -96.4 -92.1 -81.7 -83.5 -93.8 -88.4 -77.0 -92.4 -80.9 -84.6 -78.8 -73.9 -80.9 -87.2 -92.2 -82.3 -82.9 -88.1 -86.3 -73.3 -64.6

-82.1 -87.3 -86.3 -85.8 -83.2 -70.0 -88.2 -84.5 : -96.5 -90.8 -82.7 -79.4 -93.5 -91.1 -79.6 -92.4 -84.0 -84.8 -85.3 -71.4 -83.8 -88.4 -93.2 -81.4 -84.1 -90.1 -84.8 -74.3 -62.0

-82.4 -86.7 -87.1 -84.1 -86.2 -72.2 -86.8 -85.7 : -94.9 -89.6 -83.2 -80.4 -94.2 -84.9 -79.6 -91.1 -81.3 -85.2 -81.6 -69.6 -83.6 -86.0 -91.5 -80.1 -80.3 -88.1 -82.2 -75.9 -65.6

-82.5 -87.0 -89.0 -85.4 -81.9 -71.7 -88.5 -85.4 : -95.7 -90.0 -81.8 -78.6 -93.0 -83.9 -79.9 -90.5 -79.7 -85.4 -79.9 -72.3 -83.9 -87.5 -90.6 -85.5 -80.3 -88.2 -85.5 -75.1 -64.7

21

TABLE 4b (continued):

Quarterly survey of consumers (Data collected in January, April, July and October each year.)

Intention to carry out home improvements over the next 12 months (s.a.) (a) (Question 15) Since 1990 (*) Min. EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Date

Value

IV-96 III-93 III-97 I-02 III-01 I-90 III-93 IV-92 II-90 I-13 II-11 IV-95 II-12 IV-06 II-13 IV-95 I-10 IV-14 IV-11 II-17 I-90 III-02 III-12 IV-12 III-10 II-12 IV-16 III-98 II-96 III-96

-66.7 -68.1 -65.2 -86.2 -50.6 -86.7 -60.2 -68.4 -81.0 -93.8 -90.5 -78.8 -75.5 -88.0 -88.8 -77.0 -81.6 -48.3 -87.4 -80.7 -63.1 -50.4 -59.0 -81.6 -68.2 -67.0 -63.5 -72.4 -46.9 -74.1

Ave. -59.1 -61.8 -49.3 -67.9 -32.4 -62.8 -50.7 -44.3 -64.3 -74.2 -77.2 -65.6 -67.1 -73.5 -67.6 -46.8 -65.0 -34.5 -71.2 -65.5 -52.2 -33.3 -42.7 -64.2 -52.6 -41.6 -56.7 -58.6 -26.3 -52.0

2016

2017

Max. Date

Value

I

II

III

IV

I

II

III

IV

IV-17 IV-17 II-12 III-17 I-07 I-00 III-17 II-06 II-15 IV-95 IV-90 III-11 II-07 III-98 III-01 I-02 I-07 II-04 III-00 IV-09 I-17 II-12 II-04 I-98 I-07 III-07 III-07 IV-10 III-12 I-04

-50.8 -54.3 -31.7 -54.0 -18.4 -26.1 -38.4 -12.2 -46.0 -43.6 -60.7 -51.5 -54.6 -59.0 -45.6 -9.6 -52.3 -21.8 -22.8 -53.9 -37.6 -20.2 -30.1 -37.6 -39.9 -16.4 -46.2 -45.2 -10.7 -35.0

-52.5 -56.2 -37.7 -64.7 -25.5 -56.3 -43.4 -53.1 : -86.3 -82.1 -55.6 -66.1 -66.2 -73.4 -25.3 -65.4 -35.7 -69.5 -67.9 -49.3 -29.6 -51.9 -73.5 -50.4 -56.8 -63.4 -54.5 -34.8 -40.3

-52.7 -57.4 -37.2 -56.6 -26.0 -58.0 -42.4 -53.8 : -84.1 -83.7 -59.0 -65.9 -69.5 -71.4 -26.9 -67.7 -39.3 -75.9 -65.6 -47.4 -31.9 -40.8 -73.3 -55.3 -56.2 -62.5 -58.0 -28.0 -39.0

-52.2 -55.9 -41.0 -60.9 -24.5 -53.6 -42.6 -48.9 : -88.1 -81.5 -53.1 -67.0 -70.1 -72.7 -25.8 -68.3 -32.8 -74.0 -71.2 -45.1 -26.0 -40.7 -72.4 -52.6 -55.1 -60.6 -57.7 -26.3 -43.4

-51.3 -55.8 -43.8 -62.4 -22.1 -51.9 -41.1 -49.3 : -87.5 -79.9 -55.1 -62.8 -71.8 -75.2 -31.5 -67.1 -38.3 -76.0 -75.8 -43.6 -22.8 -41.1 -69.7 -54.7 -52.2 -63.5 -58.9 -26.6 -39.0

-51.3 -55.4 -39.7 -56.1 -20.6 -52.0 -41.5 -47.3 : -87.6 -79.4 -57.4 -66.9 -68.3 -73.6 -27.9 -64.7 -30.0 -73.7 -72.0 -37.6 -21.7 -43.9 -73.1 -50.3 -53.3 -61.5 -60.1 -18.5 -41.3

-51.1 -56.5 -43.8 -58.9 -19.8 -49.7 -40.9 -51.9 : -90.0 -80.1 -52.8 -62.0 -75.9 -70.9 -29.6 -65.8 -36.8 -75.4 -80.7 -45.4 -31.5 -41.8 -71.5 -44.0 -51.7 -63.2 -59.1 -23.4 -36.2

-51.8 -55.3 -46.9 -54.0 -24.6 -49.6 -38.4 -50.4 : -88.3 -77.5 -55.6 -65.3 -73.5 -74.0 -15.7 -63.4 -33.8 -76.8 -72.2 -39.9 -27.9 -50.1 -68.3 -49.3 -49.2 -62.0 -61.7 -25.9 -42.4

-50.8 -54.3 -45.5 -56.2 -24.5 -53.5 -39.4 -48.7 : -87.8 -74.6 -55.4 -61.0 -68.8 -72.8 -28.5 -64.4 -38.1 -76.6 -63.1 -40.2 -30.3 -46.7 -67.5 -51.0 -41.5 -59.8 -58.3 -23.1 -41.3

(*) Minimum, maximum and averages are calculated over the period of availability which is not necessarily as from 1990. (a) Balances: i.e. differences between the percentages of respondents giving positive and negative replies.

22

TABLE 5: Monthly

survey of retail trade (s.a.) 2016

Since 1990 (*) Min. RETAIL TRADE CONFIDENCE (a) INDICATOR

PRESENT BUSINESS SITUATION (b) (Question 1) Component of the retail confidence indicator

VOLUME OF STOCKS (Question 2) Component of the retail confidence indicator

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

12-08 02-93 01-09 07-09 02-99 11-11 01-03 06-09 : 10-12 02-93 04-97 08-09 04-99 04-13 02-09 04-09 : 03-09 06-12 06-09 03-09 03-03 12-08 07-09 03-09 03-09 02-15 01-09 01-09 12-08 12-94 08-16 08-09 12-09 11-11 12-02 06-09 : 10-12 07-93 04-97 07-09 11-94 04-13 02-09 09-09 : 03-09 02-14 08-09 03-03 10-01 08-12 08-09 03-09 06-95 01-15 01-09 01-09 08-99 10-99 02-93 02-12 05-95 10-11 01-03 06-09 : 12-93 06-06 03-12 10-08 04-99 03-09 12-02 04-09 : 01-99 12-15 10-11 01-02 05-05 06-90 10-95 01-99 02-95 08-00 02-98 11-14

-26.2 -25.0 -27.9 -14.8 -1.3 -11.4 -37.4 -45.6 : -48.4 -36.0 -27.2 -31.0 -65.4 -48.9 -35.2 -57.8 : -41.1 -19.6 -16.9 -26.4 -16.8 -32.1 -21.6 -21.6 -22.7 -30.0 -38.3 -47.1 -32.0 -34.4 -30.9 -36.2 -2.6 -22.9 -47.1 -61.5 : -78.7 -72.7 -48.7 -50.5 -91.7 -72.5 -60.9 -58.0 : -59.9 -32.5 -25.2 -32.8 -30.9 -61.2 -41.1 -48.1 -35.1 -51.2 -50.1 -56.8 25.5 27.4 30.9 6.1 27.8 28.0 37.2 37.4 : 40.9 25.4 25.2 17.7 73.7 26.7 7.6 49.8 : 33.8 28.1 21.3 41.6 13.0 27.4 54.7 32.6 25.9 38.8 45.4 34.6

-5.4 -7.8 -4.4 14.4 15.0 6.2 -10.4 8.2 : -2.2 -7.5 -8.3 -6.0 -11.7 -8.1 6.4 -1.0 : -6.9 1.2 10.9 -7.4 -2.6 -3.5 10.8 11.6 9.4 -2.0 11.3 1.3 -4.8 -8.2 -0.4 13.6 30.6 6.7 -3.6 15.1 : -9.3 -28.5 -9.0 -12.9 -15.4 -26.4 4.5 -1.8 : -7.6 4.2 22.1 -2.9 -3.9 -8.0 16.8 14.2 13.3 5.3 18.3 5.1 14.9 14.7 11.5 -10.5 8.2 10.6 21.5 11.6 : 9.8 4.8 10.8 9.3 16.8 0.4 -1.3 2.9 : 16.2 10.7 8.2 22.1 2.1 10.5 2.2 9.9 8.4 18.2 27.6 17.3

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

10-15 10-15 10-10 08-94 11-07 04-15 12-90 04-07 : 07-07 12-15 12-07 08-17 10-15 05-07 04-07 01-07 : 01-14 10-15 10-99 05-10 12-07 03-99 12-97 09-07 11-98 08-07 01-10 09-15 10-15 06-90 10-10 11-97 11-07 04-15 11-90 04-07 : 09-07 01-16 12-07 08-17 05-00 04-07 03-07 01-07 : 08-14 05-15 06-99 02-06 12-07 04-99 09-97 11-07 11-98 03-12 07-06 01-11 04-10 03-14 12-13 07-96 10-14 05-13 01-91 07-96 : 01-16 02-96 03-09 10-15 11-13 04-05 07-96 12-99 : 12-16 02-17 08-09 01-00 12-93 10-13 03-17 06-17 01-03 01-16 06-10 08-09

9.6 6.5 13.7 31.8 29.5 17.0 22.3 35.6 : 39.0 17.0 8.8 18.6 17.4 20.6 22.8 41.7 : 14.1 27.3 33.3 13.2 11.9 12.8 35.8 38.2 34.4 23.8 47.6 26.7 19.3 21.3 35.0 51.9 67.2 44.1 52.6 71.6 : 63.9 19.3 24.8 32.3 45.3 25.9 36.2 75.4 : 20.5 61.6 61.3 26.6 23.8 21.9 57.3 63.1 57.9 48.8 66.9 48.9 5.1 5.5 -11.7 -52.2 -8.3 -6.6 1.7 -7.7 : -16.4 -7.2 -13.9 0.7 -5.6 -18.8 -17.2 -20.7 : -1.3 -0.8 -2.4 -1.7 -15.5 -12.6 -26.0 -14.9 -11.0 -8.5 4.0 0.9

4.8 1.5 -7.2 17.0 21.1 5.7 1.4 12.9 : 10.9 11.3 -8.1 12.5 6.2 6.4 4.5 8.6 : 3.7 -14.3 6.1 1.3 0.8 2.9 0.5 21.3 14.3 -8.3 15.6 16.2 12.6 7.1 -16.4 25.3 45.8 4.8 22.1 31.0 : 19.9 7.6 -8.4 19.1 4.0 -6.3 6.6 8.4 : -0.1 -25.7 12.3 7.5 5.8 6.5 -17.3 10.3 28.7 -13.9 18.4 36.9 13.2 12.7 4.4 2.4 3.2 11.5 16.2 11.0 : 1.4 5.7 18.0 5.7 12.3 -3.9 0.8 0.6 : 3.4 17.5 9.6 11.0 6.7 3.1 -17.2 6.0 13.9 1.7 24.8 18.6

4.7 3.5 -5.3 15.8 19.7 9.0 1.3 13.8 : 9.8 12.7 -2.1 10.7 7.8 8.5 4.5 8.1 : 7.7 9.7 9.1 0.1 2.9 1.4 1.9 20.1 14.7 -3.9 14.2 6.7 13.9 11.9 2.7 18.6 46.4 12.0 23.5 29.2 : 16.8 12.6 -1.1 17.0 10.4 -1.7 6.1 12.3 : -2.1 18.2 17.9 8.8 11.1 5.4 -16.3 20.1 21.5 -7.1 19.5 22.4 11.9 11.8 12.5 -0.4 4.4 10.3 19.0 11.3 : 10.6 5.6 9.8 7.8 8.9 -6.3 2.0 1.6 : -1.3 1.2 10.5 15.2 6.9 3.7 -22.2 7.8 11.1 2.5 19.7 16.5

2.8 2.3 -8.8 16.8 24.6 7.1 -1.0 12.0 : 12.9 12.6 -2.0 10.3 6.4 9.0 4.9 8.9 : 6.8 0.7 9.9 -5.1 6.3 2.4 -1.7 8.5 13.7 -8.3 11.3 0.9 10.7 10.3 -7.1 20.2 49.1 0.5 20.5 21.7 : 20.6 10.0 -0.6 17.3 10.3 8.3 3.3 10.6 : 3.0 -2.6 21.1 1.0 15.8 8.8 -12.5 15.9 22.8 -15.2 15.3 10.9 14.0 13.0 11.1 1.5 4.7 9.5 20.5 11.2 : 14.0 7.7 8.3 9.8 13.5 -0.3 -0.3 4.0 : 4.6 12.1 9.8 14.5 6.4 5.3 -7.6 9.8 11.4 6.4 25.6 21.2

3.3 1.8 -17.7 15.2 24.3 0.6 -2.1 8.0 : 1.9 10.5 -2.2 7.8 9.8 4.9 8.5 10.3 : 9.3 15.6 10.4 -3.7 5.3 1.9 -1.3 17.5 4.4 -2.4 14.6 5.7 11.0 7.5 -29.5 18.0 47.0 -3.4 14.6 12.6 : 4.5 4.8 2.6 9.2 7.6 7.7 12.7 19.0 : 7.9 17.4 22.8 4.4 15.4 7.0 -10.3 12.5 11.3 3.9 12.2 24.7 13.6 13.0 18.6 0.7 2.7 13.9 19.4 10.9 : 8.5 6.3 10.9 8.7 11.7 7.3 -0.9 3.1 : 3.2 -0.8 9.6 16.2 5.7 5.3 -24.6 8.2 12.4 4.5 18.3 21.6

4.1 1.8 -16.5 13.9 23.8 1.9 -2.5 10.7 : 2.7 10.7 -3.2 11.6 10.7 4.9 6.6 5.0 : 9.9 7.8 8.3 -1.4 4.6 -0.4 1.4 29.8 7.7 3.9 13.1 10.4 9.5 7.1 -30.8 22.4 47.4 4.8 15.2 19.7 : 3.9 3.6 -2.5 17.4 12.1 2.7 6.3 12.8 : 6.6 17.7 23.3 -1.7 13.4 2.1 -10.1 48.0 17.3 6.5 11.9 17.5 11.1 11.0 6.4 1.7 1.6 12.8 18.5 6.7 : 8.7 3.8 10.4 6.0 5.3 7.0 -0.4 3.1 : -0.5 11.6 12.6 11.9 5.3 6.2 -26.0 8.2 11.5 13.3 21.7 14.9

5.0 3.1 -11.8 15.2 19.7 8.2 2.6 11.8 : 3.0 10.6 -6.9 11.8 13.4 6.3 9.5 3.2 : 5.8 -1.7 8.5 -2.4 6.8 1.2 13.0 14.2 14.6 2.2 11.6 9.2 11.6 8.7 -18.7 24.3 47.4 12.5 24.5 27.7 : 1.0 7.3 -10.9 17.8 11.5 -3.0 13.4 7.8 : 2.5 -7.9 21.5 1.5 14.4 3.4 21.8 15.3 25.4 4.5 16.2 19.3 12.7 11.5 8.6 1.4 4.8 13.5 17.9 12.0 : -3.5 7.4 13.6 4.2 5.6 7.4 -1.1 0.8 : -0.4 8.6 9.8 13.7 4.9 5.1 -5.9 13.0 13.1 5.8 23.0 19.9

3.1 2.0 -6.6 16.4 17.5 2.9 -1.7 14.1 : 1.5 10.1 -5.4 9.4 14.4 6.7 5.7 2.3 : 4.7 -2.0 9.3 -16.6 4.3 1.2 11.7 11.4 14.5 -5.7 10.3 4.3 10.0 6.5 -14.7 16.9 41.1 8.0 14.8 31.7 : -7.1 8.2 -6.8 17.8 14.7 1.4 5.5 4.5 : -2.9 16.1 17.7 -16.5 12.5 5.8 16.5 12.2 24.1 -2.1 11.1 20.0 11.2 11.8 5.2 0.0 3.7 13.6 20.6 10.9 : -2.2 6.8 10.7 8.6 5.6 -0.3 -0.1 -0.2 : 2.7 2.4 8.5 23.2 5.9 4.1 -0.6 16.1 11.9 14.2 22.2 9.9

3.7 4.4 -0.8 16.1 19.5 1.8 3.8 11.3 : -3.4 13.8 -3.4 13.9 10.2 6.5 5.1 0.3 : 7.8 -5.0 11.0 -4.3 5.7 1.5 5.6 30.9 18.6 4.6 18.0 -3.8 11.3 11.8 6.7 22.0 41.7 7.3 27.3 21.8 : -8.4 13.3 -4.9 21.4 8.0 8.4 3.9 4.7 : 2.7 -19.3 24.7 1.2 15.8 5.8 9.3 44.0 35.7 -0.5 23.1 4.0 13.7 12.5 9.2 0.0 5.2 16.0 19.1 11.3 : 2.1 7.6 11.3 8.5 11.6 4.8 -1.1 1.5 : 1.1 5.4 9.9 18.8 6.1 5.4 3.7 -14.9 12.8 1.6 17.3 21.6

6.0 3.9 -4.0 16.3 20.0 2.5 -0.1 9.6 : -1.3 13.0 -0.4 14.1 9.6 6.3 5.4 2.8 : 6.6 -0.1 12.2 -7.6 5.0 2.3 5.2 22.6 18.2 15.2 17.3 11.5 15.2 12.4 -10.0 21.7 43.5 3.5 20.7 21.2 : -9.2 11.1 3.7 26.5 14.6 6.4 5.9 5.4 : 4.7 4.7 22.8 2.1 11.9 6.8 7.3 39.3 35.0 13.3 21.9 25.2 13.6 12.8 4.2 1.4 6.4 14.7 20.7 14.5 : 7.0 9.8 10.7 8.9 10.2 6.0 -0.5 1.1 : 3.5 6.4 9.9 24.1 5.5 4.4 -1.0 6.4 11.4 -6.0 22.9 19.4

1.6 1.6 -8.8 16.2 22.7 -0.6 -2.3 9.5 : -3.6 9.1 -3.8 18.6 8.0 5.8 5.6 0.4 : 10.6 16.5 11.0 -6.5 4.9 0.4 4.2 17.4 19.7 21.3 14.4 -3.4 8.9 9.4 -10.2 22.1 46.6 0.7 19.4 18.2 : -14.7 2.3 -2.5 32.3 16.0 11.4 5.0 -5.6 : 8.9 26.6 19.9 -8.3 9.5 4.2 1.3 12.5 33.0 34.0 22.7 2.9 15.5 14.6 10.9 2.5 5.8 15.3 23.7 11.1 : 9.4 5.4 12.6 3.0 13.3 8.7 -1.1 1.1 : -0.3 3.1 8.3 24.0 6.4 6.2 1.7 4.1 6.1 -0.3 26.4 22.0

4.2 3.0 -8.1 15.2 19.3 -2.8 -2.2 14.7 : 0.0 10.7 -2.2 15.5 11.5 6.3 5.5 1.9 : 11.1 8.3 10.1 -2.6 6.0 1.9 14.8 19.1 21.1 21.8 11.6 5.8 12.4 10.4 -14.9 20.4 42.0 -3.2 19.6 27.9 : -2.7 7.7 -1.3 28.9 14.6 2.2 6.1 -2.9 : 13.2 22.8 17.4 1.5 10.9 7.0 8.0 16.8 38.7 31.4 14.5 19.8 14.2 14.0 11.2 0.3 6.0 12.1 23.7 12.7 : 0.8 9.2 12.7 5.9 9.1 3.5 0.4 2.8 : 6.3 7.3 8.8 21.0 6.0 5.1 -5.7 4.1 3.7 2.6 25.1 18.0

4.4 5.5 -7.4 18.3 20.6 8.4 3.7 14.1 : 2.0 10.6 -0.6 13.4 14.3 7.5 4.9 4.8 : 10.2 16.4 13.7 -6.6 6.6 2.8 10.4 27.4 18.8 5.7 15.5 -4.3 12.1 14.2 -15.6 24.6 47.4 10.1 27.2 31.9 : 0.0 9.2 -2.0 20.1 21.9 5.5 1.5 3.3 : 12.3 34.9 29.9 5.1 15.2 7.2 14.7 33.1 33.8 5.2 22.6 -1.2 12.5 12.5 4.1 0.5 7.3 9.9 19.0 13.9 : 5.5 9.5 10.6 10.3 9.7 6.5 -1.8 0.6 : 4.5 4.7 6.7 24.6 5.8 6.0 -1.4 7.3 5.9 14.8 25.7 13.9

23

TABLE 5 (continued) : Monthly

survey of retail trade (s.a.) Since 1990 (*) Min.

EXPECTED BUSINESS SITUATION (Question 4) Component of the retail confidence indicator

INTENTIONS OF PLACING ORDERS (Question 3)

EMPLOYMENT EXPECTATIONS (Question 5)

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

02-09 02-93 02-09 02-97 02-99 02-12 04-09 03-09 : 10-12 02-93 04-09 08-09 08-95 04-13 03-09 04-09 : 03-09 11-13 07-09 03-09 01-02 09-12 10-94 01-09 03-09 02-15 01-09 02-09 12-08 12-08 01-09 02-97 02-96 02-12 01-03 03-09 : 08-15 12-08 04-09 08-09 07-99 04-13 02-09 11-09 : 02-09 11-12 07-09 03-03 02-02 10-12 01-10 03-09 03-96 06-15 01-09 01-09 03-09 04-09 04-09 04-98 01-95 01-12 12-02 03-09 : 01-12 12-08 05-09 08-09 01-97 06-13 03-09 11-09 : 05-96 07-12 11-12 03-96 12-01 10-12 10-94 02-99 12-93 04-15 12-08 01-09

-28.1 -27.8 -42.5 -39.3 3.5 -19.6 -44.0 -48.4 : -68.0 -33.7 -33.1 -34.7 -79.6 -69.6 -43.7 -74.3 : -50.1 -32.1 -18.4 -26.6 -27.1 -35.4 -36.7 -20.2 -34.8 -40.8 -33.9 -55.7 -33.3 -30.6 -37.3 -43.1 -32.4 -27.0 -40.2 -58.8 : -64.8 -37.4 -33.7 -41.7 -82.1 -72.2 -53.7 -86.1 : -48.8 -23.9 -25.2 -39.1 -24.3 -42.6 -25.7 -47.0 -18.8 -54.0 -49.8 -65.7 -17.8 -15.3 -17.2 -44.6 -40.7 -17.1 -31.8 -51.1 : -69.9 -19.2 -22.0 -25.2 -53.9 -19.2 -39.3 -69.9 : -35.2 -24.3 -21.5 -16.4 -24.6 -30.6 -32.1 -46.5 -70.6 -38.7 -50.3 -44.3

3.5 -0.5 -1.3 19.2 22.8 22.6 -6.0 20.4 : 12.6 10.7 -5.3 4.0 -2.9 2.3 13.3 1.7 : 3.2 10.1 18.8 2.7 -1.7 8.1 17.9 30.6 23.3 7.0 43.3 16.2 -4.8 -8.4 -7.6 12.6 20.8 7.2 -11.5 12.2 : -1.4 0.6 -9.8 -9.6 -13.2 -15.2 5.5 5.0 : -3.1 0.2 5.2 -19.3 -2.3 -4.8 13.5 10.5 33.5 -9.7 12.5 6.9 -2.0 -2.9 2.2 -4.8 6.2 1.0 -6.5 -1.7 : 16.2 -1.2 -2.6 -3.6 -3.0 -2.6 0.6 2.3 : -6.2 0.8 3.0 -3.5 -5.9 -3.3 -0.7 -7.3 1.4 -8.9 -9.2 3.0

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

04-07 04-07 01-90 01-07 02-02 01-11 12-90 03-04 : 07-07 03-15 06-07 06-16 10-15 02-08 02-07 11-06 : 02-98 09-15 10-99 03-05 02-08 07-98 11-95 11-16 12-96 04-07 01-10 09-15 02-90 02-90 01-90 01-07 02-95 11-14 01-91 03-02 : 07-07 03-15 10-99 08-17 09-00 03-07 02-07 12-06 : 01-14 06-16 08-99 10-10 06-08 11-98 03-97 11-16 01-02 09-07 04-10 12-01 04-07 03-91 01-07 05-16 02-08 08-14 12-10 04-07 : 03-98 09-17 12-00 10-17 01-00 06-08 04-07 11-06 : 06-16 06-16 12-10 08-10 02-08 09-97 12-98 10-17 09-02 02-07 02-10 10-97

20.3 16.2 26.8 56.6 46.1 58.7 27.0 57.4 : 70.3 39.9 20.0 36.2 40.9 54.7 38.2 62.6 : 36.9 49.9 45.3 30.3 16.9 40.6 73.6 59.7 60.0 41.2 86.2 51.6 10.4 9.9 19.8 49.5 57.6 30.1 25.3 62.8 : 46.6 25.0 12.6 18.9 32.5 34.8 30.2 55.7 : 27.7 38.6 29.0 6.3 18.4 28.8 80.5 43.4 79.8 21.3 60.1 44.4 8.0 7.8 16.4 18.3 37.3 15.2 11.2 25.0 : 62.0 15.0 12.3 18.7 34.3 13.1 24.6 74.3 : 11.1 31.2 20.7 12.7 12.9 19.4 64.2 46.8 32.7 11.1 23.1 33.4

15.0 10.3 -0.8 28.3 20.8 23.9 -1.6 18.7 : 14.1 32.0 2.2 24.0 26.9 21.8 7.7 18.1 : 14.7 0.3 15.6 7.3 3.3 5.3 1.4 59.7 28.1 -9.2 53.1 30.4 6.5 2.6 -1.8 25.8 11.8 19.2 -2.6 13.1 : 7.2 18.3 -6.9 5.1 11.6 8.0 2.1 2.2 : 8.2 -5.5 14.6 -10.5 2.0 0.3 3.2 43.4 26.9 -12.7 10.1 21.3 5.2 5.4 -0.1 5.2 18.4 5.5 2.4 2.5 : 6.0 7.3 -3.4 5.9 21.7 -0.8 3.1 6.3 : 5.9 12.8 7.2 4.7 0.1 4.8 -10.2 -6.5 15.6 -13.9 9.6 5.3

12.1 10.4 -6.3 28.4 17.1 25.4 -0.5 23.5 : 23.2 31.1 4.5 22.9 22.0 21.0 9.3 13.6 : 23.8 12.0 19.9 6.6 4.6 2.5 -0.4 47.9 33.5 -2.1 42.9 14.1 3.2 2.7 -7.6 26.4 14.6 6.2 -5.7 18.0 : -7.7 16.9 0.3 7.7 12.7 3.3 8.1 1.2 : 16.1 -8.1 18.1 -13.2 1.4 -0.3 -7.3 9.5 28.8 -12.7 15.1 2.2 5.2 4.2 2.2 1.3 15.3 6.3 2.6 0.1 : 10.8 6.6 -3.5 5.5 15.4 0.2 0.0 13.0 : 7.8 6.8 8.4 0.7 1.7 2.2 -16.9 12.5 18.6 -17.4 7.5 10.3

11.7 9.6 -8.2 31.7 29.3 30.4 -3.0 25.7 : 32.1 35.6 2.9 23.3 22.4 18.5 11.1 19.9 : 22.0 16.8 18.4 -1.7 9.6 3.7 -0.2 19.3 29.7 -3.4 44.3 13.0 3.9 3.7 -10.3 30.1 8.7 14.6 -3.0 23.3 : 8.6 24.8 -1.3 -1.1 9.7 3.2 8.1 2.0 : 19.7 10.9 14.3 -11.3 6.3 -0.9 2.8 11.0 19.2 -5.0 23.1 -0.5 6.0 5.0 -5.7 3.2 20.1 4.4 1.1 2.0 : 46.1 11.9 -5.6 6.4 16.4 0.0 5.3 22.1 : 10.5 15.8 8.0 6.5 3.5 1.8 -17.9 20.8 13.5 -9.7 10.6 10.6

12.4 10.9 -5.0 28.4 28.6 19.1 -1.6 22.3 : 9.7 33.1 1.8 22.9 33.5 14.4 11.8 15.1 : 23.2 28.5 17.9 0.7 6.2 4.0 -18.3 48.3 14.3 -6.7 49.8 13.9 2.9 2.8 -15.4 19.5 13.8 10.3 -3.7 15.7 : -5.7 21.6 -3.4 8.9 16.1 2.2 6.7 -1.4 : 18.6 19.0 9.9 -13.6 4.6 0.5 -21.0 9.7 3.3 -10.4 18.5 -0.1 5.6 5.8 1.5 10.3 15.8 9.3 7.2 0.2 : 11.9 9.1 -3.6 10.8 16.2 -0.3 5.8 17.8 : 8.8 6.5 6.3 1.3 4.5 3.1 -13.2 5.8 9.0 -15.8 17.1 3.3

13.8 9.4 -12.3 20.9 25.7 13.7 -4.1 19.0 : 12.8 32.2 3.4 23.4 25.3 18.9 13.1 5.4 : 22.7 17.3 14.3 9.4 5.7 2.9 -11.8 49.8 17.4 18.3 49.0 28.7 5.7 2.6 -15.5 19.7 12.6 6.0 -6.0 9.7 : -1.6 20.3 -3.2 9.1 17.7 8.9 6.9 -2.8 : 18.3 -2.9 7.0 -9.6 3.8 -1.7 -8.6 16.0 18.9 -0.1 20.8 16.2 4.5 4.5 -6.4 5.3 14.0 3.1 1.0 -2.2 : 22.0 11.3 -1.4 13.3 15.0 -3.3 4.7 10.9 : 9.7 2.3 7.4 3.0 3.9 1.9 -20.9 9.8 11.5 -20.8 13.4 4.8

16.0 12.2 -8.1 22.6 16.5 25.8 1.1 19.7 : 4.6 32.0 3.7 21.9 34.1 29.4 13.9 2.6 : 14.6 11.4 13.7 5.2 11.0 5.4 11.5 40.3 31.5 7.9 41.7 28.2 6.0 3.6 -13.3 22.3 17.2 5.5 -1.0 13.4 : 5.3 17.0 -3.5 12.9 14.3 9.6 9.4 -1.4 : 15.8 4.2 9.3 -5.9 7.7 1.2 7.7 2.7 30.0 -0.8 15.3 12.5 4.6 6.9 -4.1 8.5 20.1 6.9 6.6 6.8 : 18.1 12.4 -4.9 12.2 21.0 0.7 7.9 19.2 : 9.0 -2.0 8.8 -2.0 5.6 2.7 -1.3 42.3 17.8 -11.2 15.8 -7.6

10.7 11.1 0.2 32.2 15.2 14.1 0.8 21.4 : 9.4 28.9 1.4 19.1 34.0 18.2 11.4 2.0 : 19.7 -19.8 18.8 -10.1 6.5 1.8 17.9 38.1 31.5 -0.8 42.1 2.6 3.5 4.1 -0.8 30.9 9.8 6.5 -1.5 14.4 : 5.9 16.6 -2.5 4.3 16.8 8.6 6.0 -7.3 : 9.2 -3.7 12.7 -20.8 3.9 1.0 9.1 11.9 27.6 -10.5 23.4 -4.2 3.5 5.3 -6.7 10.5 19.3 4.0 3.9 7.1 : 18.7 11.5 -3.6 4.9 17.2 1.0 2.3 7.4 : 4.5 -5.3 8.1 -7.0 3.5 3.7 2.7 31.1 9.4 -9.4 11.0 -5.9

13.6 14.0 0.2 26.5 22.0 13.9 3.0 23.3 : 0.3 35.7 5.8 29.0 34.0 16.0 10.2 -2.3 : 21.8 9.6 18.1 4.8 7.3 4.0 11.2 33.9 32.8 15.9 48.3 6.2 6.5 4.9 -4.6 21.7 15.1 -0.9 0.7 16.8 : -0.8 17.6 -1.7 13.9 14.9 10.7 6.8 -13.4 : 16.7 1.5 10.8 -5.9 3.4 2.1 6.9 7.1 27.6 -3.0 30.8 8.9 1.4 4.8 -5.2 11.1 17.0 -0.8 1.4 8.2 : 19.9 10.2 -0.9 16.8 15.6 -0.7 2.6 5.7 : 9.8 3.5 6.5 2.4 2.9 5.3 9.5 40.4 12.7 -24.6 11.4 -16.3

16.4 12.2 2.4 28.6 22.9 18.6 -0.5 21.9 : 12.3 37.7 5.6 24.7 24.3 18.6 10.0 4.2 : 18.6 1.3 23.7 -0.9 8.7 4.6 7.4 34.8 31.0 26.2 52.9 28.7 8.6 5.1 0.3 22.5 11.7 1.0 -2.9 18.1 : 1.3 21.7 1.9 3.7 14.6 4.3 7.0 -6.8 : 15.3 -11.8 13.2 -13.4 4.3 0.2 7.1 1.6 25.5 -2.6 31.8 20.6 4.7 6.2 2.5 11.2 19.9 1.4 3.5 0.6 : 22.6 13.7 -3.4 13.0 17.2 0.0 1.4 11.4 : 8.9 9.4 10.5 0.3 4.2 6.6 10.3 42.7 15.4 -16.6 13.2 -4.2

11.3 10.0 -5.3 28.9 27.2 12.8 -2.5 21.4 : 13.3 30.4 3.7 26.4 21.2 14.8 10.8 7.8 : 22.7 26.0 21.2 12.8 11.5 3.1 13.0 43.7 32.3 29.5 47.0 8.8 0.8 2.1 -4.7 27.8 13.1 3.1 -3.7 5.7 : -0.5 15.3 -4.8 18.9 7.4 3.5 7.0 5.9 : 21.6 -9.8 18.5 -5.4 5.1 0.4 7.2 8.9 35.5 7.9 25.5 -12.1 1.7 5.8 6.9 12.6 19.9 -4.5 4.7 4.8 : 8.4 7.2 -3.0 17.4 16.6 1.3 1.2 4.6 : 8.4 3.9 9.8 8.0 3.5 3.8 4.9 13.5 18.3 -6.3 7.0 -17.6

14.5 12.7 1.8 25.6 21.8 7.0 -2.6 29.0 : 3.5 33.7 7.4 23.3 29.1 20.1 10.9 11.3 : 26.4 9.2 21.8 11.7 13.1 3.9 30.8 44.6 28.2 36.6 45.5 15.7 6.7 5.2 -3.1 25.8 9.3 -3.4 -5.1 14.4 : 6.8 24.5 4.3 8.8 9.5 9.0 8.1 11.0 : 19.3 -8.6 15.7 -5.3 8.4 3.7 35.2 12.1 31.1 7.8 27.5 7.4 1.6 5.9 2.1 12.5 18.0 5.2 2.0 14.6 : 20.0 15.0 -1.7 11.3 15.8 -0.4 4.3 7.6 : 9.7 5.9 6.1 0.7 5.1 3.3 15.1 45.8 21.1 -4.5 7.8 -20.5

13.6 14.6 -2.4 31.0 21.6 24.9 2.8 24.3 : 11.5 32.1 10.8 30.4 30.8 23.5 11.3 11.7 : 22.7 19.1 17.9 -0.3 10.3 7.2 15.2 56.3 28.7 26.7 49.7 2.1 5.1 6.0 -6.7 26.8 14.5 13.8 -2.8 10.1 : -4.8 23.1 7.8 7.1 11.8 15.6 7.7 7.2 : 18.6 5.9 11.8 -12.9 6.4 2.9 23.9 11.4 27.3 4.8 27.2 -5.8 0.6 6.3 5.1 12.1 15.8 3.0 3.1 9.3 : 12.5 11.4 -2.4 18.7 18.5 0.8 4.0 2.8 : 8.6 5.2 8.1 5.3 3.5 5.3 9.8 46.8 17.1 -8.2 13.8 -27.7

24

TABLE 5 (continued) : Monthly

survey of retail trade (s.a.) 2016

Since 1990 (*) Min. Date

Ave. Value

2017

Max. Date

Value

Apr

May

Jun

Jul

Aug

Sep

Oct

09-09 -4.6 9.1 06-08 27.2 6.9 13.1 14.9 14.7 15.7 15.8 EU 03-09 -11.3 5.3 11-07 23.3 2.8 4.0 4.9 6.3 5.1 5.5 EA 08-09 -13.2 5.2 04-11 26.4 15.3 9.2 3.6 8.3 2.5 6.6 BE 11-09 -9.2 10.6 07-08 45.8 -0.9 1.3 3.7 4.7 3.8 3.5 BG 01-15 -11.9 2.9 01-04 22.5 6.1 5.7 5.9 5.4 10.3 8.6 CZ 02-13 -12.5 0.2 02-11 24.2 0.1 5.5 -1.9 -0.6 3.3 -2.7 DK 09-09 -21.1 11.0 12-06 42.2 7.1 9.3 12.2 13.9 10.3 12.5 DE 03-09 -35.9 27.0 04-11 54.9 29.8 32.0 42.6 43.2 35.7 36.6 EE : : : : : : : : : : : IE 06-12 -35.2 -1.1 05-08 33.6 8.7 7.3 6.6 7.4 9.4 8.0 EL 02-09 -18.6 4.7 01-05 28.7 1.7 5.3 6.3 10.5 3.1 4.0 ES 03-09 -29.4 -2.7 09-95 15.5 -2.5 -2.7 -1.2 -3.1 -1.1 -0.8 FR 02-14 -13.2 0.5 06-08 31.6 5.4 6.4 10.3 6.5 5.6 6.7 HR 08-05 -14.5 8.1 06-08 33.1 -0.7 -0.4 0.5 4.5 6.2 6.0 IT 04-13 -27.7 3.8 07-08 34.3 5.6 4.2 -3.1 2.9 1.1 4.7 CY 01-10 -22.5 21.1 05-04 55.7 13.4 15.0 19.7 14.8 15.0 13.6 LV 07-09 -46.5 8.9 04-11 61.7 -14.8 0.2 4.0 1.1 1.4 2.5 LT : : : : : : : : : : : LU 03-10 3.6 39.5 05-96 81.3 7.4 15.4 17.7 20.3 16.0 24.5 HU 02-14 -25.0 7.4 04-15 33.7 3.5 -6.0 12.3 -11.5 -7.2 -1.8 MT 11-10 -18.7 5.7 10-12 26.2 5.5 2.9 2.2 3.3 0.8 1.0 NL 09-09 -1.0 13.5 02-08 34.1 23.1 20.8 15.2 19.8 16.2 22.7 AT 07-02 -7.0 14.1 03-09 39.4 5.8 10.6 12.4 10.5 10.0 11.2 PL 07-03 -21.5 3.9 07-05 25.3 -0.3 2.7 3.1 1.1 1.3 0.8 PT 01-16 -14.9 25.0 10-04 56.0 0.6 2.2 5.2 8.7 -1.6 6.8 RO 03-09 -32.6 9.9 02-08 40.2 -27.8 33.4 19.3 7.4 3.1 4.1 SI 07-09 -36.9 15.1 11-02 73.9 3.6 14.2 11.3 0.5 5.4 8.1 SK 03-15 -48.9 3.4 07-11 59.6 -23.2 -16.8 -21.1 -18.8 -2.2 -21.7 FI 07-05 -10.3 12.6 07-08 36.8 16.6 16.3 12.6 11.0 15.2 11.0 SE 05-15 -17.3 22.5 01-11 66.9 23.6 52.5 59.1 52.0 62.9 61.1 UK (a) The indicator is the arithmetic average of the balances (%) for the present and the future business situation, and for stocks – with inverted sign. (b) United Kingdom: refers to the volume of sales for the time of the year. (*) Minimum, maximum and averages are calculated over the period of availability which is not necessarily as from 01/1990.

12.9 3.6 8.2 3.3 7.2 0.0 8.4 41.5 : 5.0 4.3 -6.9 5.6 5.0 6.6 15.1 3.3 : 21.3 6.8 4.7 17.5 11.2 2.8 12.8 -0.2 0.5 1.1 10.4 52.1

14.8 3.4 3.3 8.2 8.9 -2.1 9.7 41.7 : -6.1 2.4 -2.2 3.3 0.7 6.4 16.7 7.4 : 18.2 2.0 4.3 18.5 10.4 1.6 8.2 -0.4 -0.6 -15.4 11.7 65.1

13.7 4.4 12.7 4.4 13.8 -1.8 10.5 53.8 : 0.4 5.6 -3.9 4.8 1.9 2.0 11.5 2.7 : 13.3 4.0 3.7 23.4 9.4 1.4 9.9 13.5 2.1 -18.0 10.2 55.2

12.1 4.0 8.0 7.0 15.9 -2.4 8.2 46.1 : -1.6 1.6 -0.6 3.9 4.6 7.7 18.2 1.6 : 20.5 12.2 2.5 13.4 11.6 1.9 19.3 5.1 6.8 -7.0 3.8 46.6

14.7 6.1 13.9 6.4 19.9 0.4 14.2 48.4 : -0.4 4.5 -2.0 3.7 4.4 6.2 18.6 6.3 : 20.8 4.8 0.7 17.5 12.3 2.4 28.3 3.2 18.1 -11.6 11.6 50.4

15.0 8.5 11.8 8.0 22.1 -3.6 16.1 49.3 : -2.1 7.1 3.3 9.5 6.6 9.2 17.1 8.7 : 21.0 3.4 -1.3 11.5 14.3 1.6 29.7 -0.6 18.0 8.4 12.5 42.2

SELLING–PRICE EXPECTATIONS (Question 6)

Nov

Dec

Jan

Feb

Mar

25

TABLE 6:

Monthly survey of construction industry (s.a.) (a) Since 1990 (*) Min.

CONSTRUCTION CONFIDENCE (a) INDICATOR

ORDER BOOKS (Question 3) Component of the construction confidence indicator

EMPLOYMENT EXPECTATIONS (Question 4) Component of the construction confidence indicator

EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU EA BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

Ave.

Date

Value

06-93 09-93 11-95 10-09 02-99 10-09 12-02 04-09 : 08-11 08-13 01-93 03-10 09-93 04-13 07-09 05-09 03-94 04-09 03-09 12-12 04-96 02-02 10-12 09-99 03-10 07-99 09-91 12-93 06-91 06-93 08-93 01-96 03-12 10-13 01-10 07-02 07-09 : 11-11 08-13 07-93 03-10 01-94 08-13 09-09 09-09 08-93 05-09 10-13 03-13 04-96 10-02 10-12 09-99 07-10 03-94 12-91 05-97 06-91 10-92 12-96 11-95 10-09 03-99 03-09 12-96 03-09 : 08-15 12-11 01-93 08-09 09-93 04-13 05-09 05-09 02-94 04-09 04-09 12-12 02-01 02-02 05-12 06-97 03-10 07-99 06-91 01-97 06-91

-45.1 -45.6 -35.1 -56.0 -54.9 -50.0 -55.4 -76.0 : -77.4 -69.3 -62.3 -49.2 -75.4 -72.7 -79.4 -92.9 -70.9 -56.0 -53.4 -47.7 -56.4 -67.9 -70.2 -60.4 -63.9 -86.1 -108.6 -82.9 -79.3 -57.1 -57.0 -47.2 -82.2 -70.7 -66.0 -66.5 -82.8 : -98.6 -72.9 -71.3 -64.4 -94.5 -94.1 -92.3 -102.9 -70.1 -69.2 -72.6 -56.7 -59.1 -86.4 -82.8 -89.1 -79.1 -92.8 -126.7 -97.4 -86.6 -34.6 -35.8 -25.1 -49.3 -53.1 -38.0 -50.0 -75.9 : -74.2 -76.2 -54.9 -35.2 -64.5 -53.0 -74.4 -95.2 -75.6 -46.0 -38.6 -42.8 -73.9 -58.6 -59.9 -39.4 -56.8 -85.9 -104.8 -77.6 -72.0

-18.6 -17.9 -10.4 -24.8 -20.9 -9.8 -25.3 -1.7 : -23.0 -14.2 -15.8 -25.3 -22.7 -25.2 -25.2 -32.9 -19.5 -17.2 -20.1 -5.2 -16.6 -32.7 -30.4 -14.4 -11.5 -26.1 -18.3 -20.5 -20.5 -27.9 -25.9 -19.1 -44.2 -28.6 -15.0 -34.9 -10.4 : -44.4 -12.8 -24.2 -42.3 -36.4 -43.6 -44.4 -54.2 -22.0 -28.1 -36.2 -10.8 -24.3 -54.2 -46.0 -22.3 -16.4 -41.1 -28.5 -33.4 -34.4 -9.3 -10.0 -1.7 -5.4 -13.2 -4.6 -15.8 7.1 : -1.6 -15.5 -7.5 -8.2 -9.0 -6.9 -6.0 -11.7 -16.9 -6.3 -4.0 0.4 -9.0 -10.5 -14.8 -6.5 -6.6 -11.0 -8.1 -7.6 -6.6

2016

2017

Max. Date

Value

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

12-06 02-90 02-90 11-07 01-05 11-06 07-17 05-06 : 04-00 12-98 10-00 05-08 04-90 12-03 01-07 01-07 09-17 10-17 08-15 12-00 09-17 02-08 12-97 06-96 03-07 03-97 06-98 08-07 10-17 03-90 07-06 03-07 10-07 12-02 07-06 07-17 04-06 : 04-00 11-05 10-00 05-08 04-90 12-03 01-07 03-07 09-17 08-17 08-15 09-17 10-17 02-08 12-97 03-98 08-04 03-97 11-07 05-07 10-17 03-07 02-90 02-90 12-07 01-96 03-98 02-90 01-97 : 03-99 12-98 10-00 05-08 05-04 11-03 12-06 03-03 09-17 01-98 05-15 07-08 01-08 12-07 09-97 03-01 10-06 01-97 03-97 12-10 01-16

4.3 6.6 9.7 23.9 5.3 24.2 14.2 48.8 : 32.5 39.5 44.9 13.0 13.4 36.5 19.2 13.4 40.8 15.8 27.9 27.1 10.8 -0.7 1.9 34.6 27.8 17.5 36.5 47.6 10.7 0.4 0.8 3.5 0.8 10.9 33.4 16.8 59.1 : 16.0 54.2 50.9 -0.2 6.5 43.0 8.5 1.2 33.4 12.4 25.9 21.8 8.6 -24.7 -4.9 63.2 31.7 -4.5 27.8 43.3 1.7 12.4 13.9 20.8 49.7 19.7 42.0 18.9 68.6 : 59.5 54.6 39.0 26.2 26.8 49.6 34.5 36.7 48.3 21.2 37.7 41.3 21.1 24.1 19.4 37.6 30.7 40.5 59.8 63.0 20.9

-11.2 -12.9 -11.9 -18.6 -24.3 -6.2 2.6 1.6 : -53.8 -37.6 -19.9 -4.0 -18.2 -27.8 -27.6 -20.2 7.3 -9.2 -2.3 15.7 0.6 -23.4 -30.2 -12.8 -1.8 -11.9 -4.9 22.0 -6.4 -20.6 -20.5 -19.7 -42.5 -41.4 -18.3 -1.3 -11.6 : -65.0 -40.6 -32.7 -26.5 -28.5 -56.3 -50.4 -42.0 5.3 -22.7 -9.6 8.9 -4.3 -40.5 -39.6 -26.3 -13.2 -27.9 -8.0 5.5 -17.3 -1.8 -5.3 -4.0 5.3 -7.2 5.8 6.5 14.8 : -42.5 -34.6 -7.2 18.4 -8.0 0.7 -4.8 1.5 9.3 4.2 5.0 22.4 5.5 -6.3 -20.7 0.6 9.6 4.1 -1.7 38.4 4.5

-11.0 -12.1 -9.1 -13.9 -27.1 -4.8 7.3 9.5 : -44.0 -43.1 -19.9 -2.6 -18.0 -27.4 -24.4 -21.3 7.9 -8.3 2.8 15.5 0.6 -22.1 -28.6 -10.6 1.1 -2.4 -2.3 22.5 -9.5 -21.5 -21.5 -17.3 -37.3 -42.2 -19.1 4.4 2.7 : -50.0 -58.5 -34.9 -21.7 -27.6 -54.1 -44.3 -40.5 5.8 -19.0 -7.5 9.9 -4.2 -39.1 -39.0 -24.7 -7.9 -17.9 -5.2 5.0 -19.6 -0.5 -2.7 -1.0 9.6 -11.9 9.5 10.1 16.4 : -38.1 -27.7 -4.8 16.6 -8.3 -0.8 -4.4 -2.0 9.9 2.4 13.1 21.1 5.4 -5.2 -18.2 3.5 10.2 13.2 0.6 40.1 0.7

-11.6 -12.9 -7.3 -18.6 -26.6 -4.0 6.2 10.0 : -45.3 -56.7 -16.5 -4.2 -16.9 -24.9 -21.2 -24.8 11.0 -5.3 -8.1 19.3 7.3 -21.4 -29.1 -14.0 -1.4 -5.4 3.8 23.4 -8.9 -21.6 -21.9 -15.1 -41.0 -38.4 -20.0 5.6 2.3 : -40.6 -72.5 -30.0 -20.1 -26.5 -52.9 -42.2 -45.8 10.0 -15.4 -24.0 12.5 -0.4 -40.8 -38.0 -28.1 -16.2 -18.9 -4.5 12.2 -18.3 -1.7 -4.0 0.5 3.8 -14.8 12.0 6.8 17.7 : -50.0 -40.9 -3.1 11.7 -7.3 3.1 -0.1 -3.7 12.0 4.7 7.8 26.1 15.1 -2.0 -20.2 0.1 13.5 8.0 12.2 34.6 0.6

-9.3 -10.1 -7.4 -21.2 -22.6 -2.9 5.6 11.1 : -59.7 -33.8 -16.4 -3.4 -17.4 -23.1 -16.9 -26.7 5.3 -1.0 -12.5 18.1 4.3 -21.3 -24.8 -14.7 8.3 -8.7 3.3 26.5 -8.1 -19.1 -18.7 -16.1 -42.9 -37.5 -16.7 3.7 6.9 : -68.1 -46.1 -28.7 -23.6 -28.2 -52.6 -38.8 -45.0 4.7 -10.3 -34.4 13.0 3.7 -39.4 -35.7 -26.7 -9.4 -21.3 -6.4 17.2 -18.8 0.4 -1.5 1.2 0.6 -7.7 10.8 7.5 15.3 : -51.3 -21.5 -4.1 16.8 -6.6 6.4 5.0 -8.3 5.9 8.2 9.5 23.3 4.8 -3.3 -13.8 -2.8 25.9 4.0 13.1 35.7 2.6

-6.8 -9.9 -6.4 -14.3 -23.5 -3.2 8.2 15.5 : -49.8 -40.7 -16.7 0.4 -17.6 -29.4 -19.0 -23.0 17.5 9.0 8.5 21.9 6.7 -20.6 -25.6 -15.5 5.5 -7.8 -3.0 26.9 6.0 -14.7 -16.7 -15.5 -40.0 -39.4 -15.0 9.5 9.6 : -49.9 -47.1 -30.6 -17.7 -27.2 -59.6 -36.9 -42.7 17.2 2.1 -0.9 19.5 1.2 -38.0 -37.6 -28.4 -5.8 -18.6 -7.6 15.1 -0.6 1.1 -3.1 2.7 11.5 -7.6 8.6 7.0 21.5 : -49.7 -34.4 -2.8 18.6 -8.1 0.8 -1.0 -3.3 17.9 15.9 18.0 24.3 12.2 -3.3 -13.6 -2.6 16.8 3.0 1.6 38.7 12.5

-5.2 -6.0 -4.9 -16.1 -23.2 -5.3 10.0 12.8 : -53.5 -26.3 -11.7 1.6 -15.3 -23.8 -17.1 -24.8 13.2 5.8 6.2 20.3 3.1 -19.9 -23.1 -12.8 12.0 -7.0 -1.6 22.3 0.6 -13.9 -11.9 -13.5 -41.0 -37.0 -19.4 9.7 12.4 : -57.3 -29.8 -23.8 -16.3 -24.1 -57.5 -34.9 -46.6 12.4 1.7 0.2 16.8 3.0 -36.5 -34.9 -25.6 3.1 -13.0 -1.6 13.6 -15.7 3.5 -0.2 3.6 8.9 -9.5 8.9 10.4 13.1 : -49.6 -22.8 0.5 19.6 -6.6 9.8 0.6 -3.1 14.0 9.9 12.1 23.8 3.2 -3.3 -11.2 -0.1 20.9 -0.9 -1.6 30.9 16.8

-6.5 -5.6 -9.0 -17.3 -24.0 -4.2 10.9 12.8 : -67.4 -25.3 -9.8 1.1 -15.1 -27.3 -11.4 -29.8 16.3 7.1 13.0 18.6 7.2 -19.4 -22.4 -11.4 6.6 -9.0 -3.8 31.2 -11.9 -15.3 -13.0 -16.9 -44.1 -32.5 -17.9 11.3 7.0 : -70.9 -38.1 -23.1 -15.5 -25.5 -56.0 -26.2 -51.7 17.1 2.9 2.0 15.9 3.9 -35.5 -33.2 -22.1 -2.1 -17.4 4.1 28.1 -23.5 2.2 1.9 -1.1 9.6 -15.4 9.6 10.5 18.6 : -63.8 -12.5 3.4 17.8 -4.7 1.5 3.5 -7.9 15.5 11.3 24.0 21.3 10.5 -3.4 -11.6 -0.6 15.4 -0.5 -11.7 34.4 -0.3

-3.5 -3.5 -5.9 -19.4 -20.3 -1.3 12.7 19.9 : -55.6 -22.5 -7.6 -1.9 -15.2 -28.1 -13.0 -28.2 14.0 8.6 15.2 21.4 6.8 -17.9 -21.0 -13.0 13.5 -5.7 1.0 26.3 -2.2 -12.3 -11.8 -14.1 -49.1 -32.5 -13.9 13.8 16.5 : -60.3 -43.6 -20.4 -17.3 -25.0 -58.3 -27.9 -45.8 15.4 5.7 6.0 19.9 3.3 -34.3 -33.8 -24.6 7.3 -12.0 6.4 17.1 -9.1 5.3 4.8 2.3 10.3 -8.1 11.2 11.7 23.4 : -50.9 -1.3 5.2 13.5 -5.4 2.1 1.9 -10.7 12.5 11.6 24.5 23.0 10.2 -1.4 -8.2 -1.3 19.7 0.7 -4.4 35.6 4.7

-3.9 -1.8 -6.0 -13.9 -23.8 -3.5 14.2 16.1 : -39.7 -22.1 -2.2 1.6 -15.7 -25.1 -10.2 -21.7 15.9 11.1 10.0 22.5 9.8 -17.8 -19.2 -12.6 17.7 -6.1 -6.7 23.4 -11.6 -13.0 -9.4 -15.1 -42.2 -34.8 -14.6 16.8 10.1 : -41.8 -36.0 -15.4 -17.0 -27.1 -54.2 -22.5 -41.8 9.7 10.0 -9.2 18.8 8.2 -33.0 -32.3 -22.5 10.2 -12.9 -6.8 15.3 -23.8 5.1 5.9 3.1 14.3 -12.8 7.7 11.7 22.1 : -37.5 -8.1 11.0 20.3 -4.4 4.0 2.2 -1.6 22.0 12.2 29.3 26.1 11.4 -2.6 -6.2 -2.7 25.2 0.7 -6.6 31.5 0.6

-5.3 -3.3 -8.3 -13.4 -18.7 -4.6 12.5 17.5 : -49.2 -29.1 -2.3 3.1 -16.1 -25.6 -11.9 -24.0 14.0 12.4 16.7 22.7 10.0 -15.9 -20.2 -12.4 17.5 -5.5 -2.8 31.5 -16.0 -12.8 -10.1 -15.7 -42.0 -28.1 -15.7 15.3 12.7 : -50.6 -39.7 -14.6 -14.4 -28.2 -51.9 -24.6 -46.8 11.6 12.4 1.5 21.1 6.3 -30.8 -32.3 -22.8 13.0 -12.7 -6.4 28.0 -23.5 2.2 3.5 -1.0 15.3 -9.3 6.4 9.7 22.3 : -47.9 -18.6 10.1 20.6 -4.1 0.7 0.8 -1.2 16.3 12.5 31.8 24.3 13.8 -0.9 -8.1 -1.9 21.9 1.7 0.8 34.9 -8.4

-2.5 -1.7 -7.9 -12.9 -17.0 -4.9 10.5 13.8 : -36.9 -19.4 -1.4 1.9 -14.9 -26.5 -9.6 -24.2 40.8 13.3 24.3 20.7 10.8 -14.8 -17.7 -11.3 17.9 -4.6 -4.8 32.1 -6.5 -11.4 -9.4 -16.0 -38.6 -24.6 -16.9 12.3 10.1 : -43.6 -35.9 -14.9 -13.5 -24.1 -55.8 -23.0 -47.4 33.4 8.9 15.3 21.8 5.6 -30.8 -29.1 -22.4 13.2 -11.3 -9.0 31.6 -19.0 6.4 6.1 0.2 12.8 -9.4 7.1 8.7 17.5 : -30.2 -2.8 12.1 17.3 -5.7 2.9 3.7 -1.0 48.3 17.8 33.3 19.7 16.0 1.1 -6.3 -0.2 22.6 2.2 -0.6 32.6 5.9

1.9 0.2 -6.7 -13.2 -17.4 -1.6 13.2 9.7 : -44.7 -14.0 -0.3 3.8 -15.3 -28.3 -7.4 -23.2 15.9 15.8 26.4 22.4 10.4 -13.2 -19.0 -14.1 23.1 0.5 4.5 35.5 10.7 -6.4 -7.3 -15.3 -37.7 -27.6 -14.2 15.1 7.3 : -59.7 -32.8 -10.6 -12.0 -24.3 -58.6 -19.5 -49.4 13.6 10.9 20.1 18.5 8.6 -30.4 -31.0 -23.2 18.1 -9.9 0.0 36.7 1.7 10.1 7.7 1.8 11.4 -7.3 10.9 11.3 12.2 : -29.6 4.8 10.0 19.6 -6.2 2.1 4.6 2.9 18.2 20.7 32.7 26.3 12.1 4.1 -7.0 -4.9 28.2 10.9 9.0 34.3 19.8

26

TABLE 6 (continued) :

Monthly survey of construction industry (s.a.) Since 1990 (*) Min. Date

Ave.

2017 Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

06-09 -32.3 -6.3 02-07 16.9 -0.6 -0.3 0.7 -2.0 EU 06-09 -34.4 -7.4 09-06 16.3 -0.4 -1.7 2.0 -1.6 EA 03-96 -25.3 -3.5 02-90 12.9 0.2 2.2 2.0 1.5 BE 10-00 -51.3 -9.1 12-05 28.2 -5.3 1.5 -0.7 -8.6 BG 01-14 -11.1 24.6 01-05 78.4 21.1 23.8 23.3 27.0 CZ 03-10 -46.0 -3.1 02-07 21.0 4.2 1.0 3.1 10.5 DK 03-05 -45.3 -13.2 03-91 39.5 2.7 4.4 12.0 -0.3 DE 06-09 -50.5 11.7 06-02 87.1 7.9 21.5 28.6 32.3 EE : : : : : : : : : IE 08-11 -73.7 -5.6 06-98 60.6 -35.0 -25.0 -24.8 -33.2 EL 07-97 -50.7 -1.8 06-99 47.8 -11.7 -28.5 -25.6 -18.5 ES 01-93 -65.8 -6.2 04-00 51.3 4.0 1.8 7.6 4.4 FR 01-10 -54.1 -11.6 04-17 26.1 15.2 17.6 14.4 13.1 HR 02-93 -56.7 -15.0 06-04 19.4 -15.7 -10.5 -12.9 -16.5 IT 04-13 -77.6 -23.0 09-02 63.6 10.8 5.0 8.3 1.4 CY 07-09 -74.3 -5.4 06-02 41.9 -19.1 -13.5 -11.5 -4.9 LV 06-09 -85.7 -1.9 06-02 81.1 4.3 10.6 16.5 7.4 LT 08-99 -78.6 -19.8 09-99 49.4 -6.0 -6.2 -1.5 4.2 LU 05-09 -54.5 -14.1 08-17 16.4 -11.5 -11.8 -3.7 -3.0 HU 04-09 -54.2 -4.0 05-15 49.8 0.8 8.9 8.4 2.4 MT 03-10 -47.4 -2.4 03-97 36.5 22.4 23.3 27.1 21.7 NL 04-96 -83.7 1.3 01-04 30.2 15.8 11.0 16.3 27.0 AT 03-04 -26.9 3.2 01-05 45.3 -7.8 -5.3 -5.0 -3.7 PL 05-12 -66.8 -16.3 05-97 26.1 -18.0 -15.5 -12.1 -11.2 PT 06-99 -103.5 4.8 04-02 98.8 -5.1 -7.8 -9.0 -11.0 RO 10-09 -65.6 -1.1 03-07 48.1 16.7 12.6 19.9 6.9 SI 06-99 -43.4 8.7 12-04 56.6 20.3 30.3 19.0 22.8 SK 09-91 -99.7 -3.4 06-98 47.1 9.4 13.7 17.9 8.9 FI 12-91 -66.7 -0.1 12-10 61.8 32.2 40.2 39.1 39.3 SE 06-91 -68.2 -5.8 01-14 22.9 -7.7 -2.4 -11.6 -14.6 UK 05-09 -33.2 2.2 05-90 30.4 1.5 2.3 4.8 4.1 PRICE EU 05-09 -32.7 -1.0 05-90 42.1 -6.0 -5.1 -5.1 -3.1 EXPECTATIONS EA 01-96 -20.0 -1.1 01-90 32.5 -4.6 -1.2 -4.5 -0.3 (Question 5) BE 10-09 -18.1 23.7 01-95 91.3 3.1 3.1 4.7 3.7 BG 07-13 -32.8 21.2 02-95 81.6 10.3 7.5 6.2 -2.6 CZ 02-09 -53.1 -13.9 02-06 8.3 -5.2 -1.4 -2.9 1.7 DK 02-96 -44.2 -10.8 02-90 44.7 4.8 1.5 2.7 1.9 DE 02-09 -59.8 24.3 04-94 88.3 17.3 19.6 22.5 30.8 EE : : : : : : : : : IE 12-11 -47.8 -5.2 06-95 35.3 -32.8 -27.3 -36.3 -31.4 EL 04-14 -44.7 6.2 08-99 75.5 -26.4 -23.0 -32.6 -18.3 ES 06-09 -55.7 -20.6 04-07 12.7 -21.0 -18.7 -15.2 -15.1 FR 07-10 -27.3 -4.8 06-08 48.5 4.6 5.3 3.9 7.9 HR 05-09 -20.7 5.9 05-90 60.6 -7.6 -8.1 -6.4 -6.9 IT 05-13 -62.3 -5.6 06-04 75.5 1.7 -2.1 -2.5 3.0 CY 05-09 -55.8 21.7 02-07 75.0 3.1 6.2 9.5 11.5 LV 03-09 -70.5 24.3 01-95 89.1 9.8 8.8 8.7 12.4 LT 05-93 -68.3 -28.1 11-00 24.8 -24.5 -23.6 -20.4 -15.1 LU 03-10 -22.6 1.7 03-01 33.2 9.3 20.2 26.6 24.7 HU 08-13 -30.2 2.1 05-08 58.1 13.4 14.4 10.4 17.3 MT 07-09 -22.5 20.8 04-01 68.9 35.3 39.5 41.5 40.4 NL 02-96 -59.6 -5.4 11-03 32.9 5.4 2.9 12.7 4.4 AT 03-02 -27.5 7.5 06-07 47.0 -7.1 -5.8 -0.6 1.0 PL 08-12 -44.3 -10.1 06-90 45.8 -10.6 -10.7 -9.9 -9.8 PT 03-10 -8.0 43.9 11-93 97.2 -0.6 0.6 2.4 5.4 RO 01-10 -44.1 -4.1 02-08 25.4 -1.2 -1.8 2.9 3.2 SI 02-13 -30.2 33.2 06-97 93.3 16.9 17.3 16.0 15.9 SK 04-09 -83.4 1.4 05-97 57.4 15.7 22.2 19.0 24.1 FI 06-91 -75.3 -6.5 02-11 63.7 24.2 30.4 25.9 21.1 SE 12-90 -56.0 14.0 01-17 44.5 29.9 29.1 44.5 32.2 UK (a) The indicator is the arithmetic average of the balances (%) for the questions on order-books and employment expectations. (*) Minimum, maximum and averages are calculated over the period of availibily which is not necessarily as from 01/1990.

3.9 2.4 3.0 1.5 29.2 15.7 -3.9 28.4 : -15.2 4.2 3.2 18.8 -9.7 -4.0 0.0 13.1 2.9 6.9 17.3 24.9 26.3 -2.3 -11.1 -7.1 14.3 14.3 17.7 37.9 2.9 5.4 -2.9 0.0 4.2 5.6 -1.8 3.8 34.6 : -32.2 -20.6 -14.1 6.7 -7.0 4.0 13.7 9.8 -19.1 25.9 18.9 35.3 10.1 1.9 -8.3 8.9 8.8 19.3 21.0 13.7 39.6

6.1 4.7 7.7 -5.4 29.8 14.9 3.7 35.3 : -13.1 -4.8 2.5 26.1 -7.6 3.5 3.2 10.5 0.2 12.1 23.4 35.3 24.2 2.4 -13.1 -0.9 25.5 37.1 32.0 41.2 4.6 7.9 2.3 3.1 6.1 9.8 -1.7 8.4 29.1 : -22.8 -1.2 -11.2 8.8 -5.0 3.8 16.2 8.1 -23.1 25.7 29.8 34.8 14.0 2.2 -8.1 5.5 7.9 26.6 9.3 12.7 33.1

4.4 3.3 3.7 -4.7 29.7 16.6 4.4 29.9 : -27.5 -5.5 8.7 19.0 -11.7 10.2 4.2 -3.6 0.4 13.0 22.6 23.4 16.3 -2.2 -8.4 -5.9 22.6 21.3 12.3 37.9 2.3 6.1 -0.5 -1.6 3.8 5.3 -2.4 6.1 43.2 : -8.6 -14.8 -13.3 9.0 -4.8 3.5 16.2 13.8 -13.8 26.5 28.4 39.3 7.0 1.9 -7.4 8.3 3.2 27.1 9.3 22.1 32.5

6.2 5.5 6.9 -0.3 28.7 11.3 7.0 29.9 : -35.0 -11.8 12.1 19.4 -8.2 6.0 -0.3 -1.1 1.5 13.1 13.8 29.2 28.1 1.2 -9.4 -2.0 32.5 30.4 18.9 31.0 4.3 9.6 3.6 1.9 8.1 7.9 -3.9 7.3 44.5 : -28.9 5.8 -11.6 7.5 -5.6 6.0 18.8 11.7 -21.5 23.2 16.9 47.0 13.4 1.9 -9.0 8.0 3.6 30.9 9.7 19.2 36.9

5.0 5.4 3.8 4.1 26.0 10.0 4.6 27.7 : -25.2 -11.5 13.5 14.8 -8.1 -0.8 3.8 -0.2 0.0 7.6 29.3 30.3 28.8 1.6 -8.7 -2.6 33.1 23.5 13.3 34.3 -2.8 11.4 5.3 3.2 5.6 7.9 -5.0 8.1 43.0 : -30.5 7.6 -5.7 6.6 -5.5 1.7 14.9 13.9 -9.8 23.3 17.2 48.7 14.6 3.1 -7.3 6.5 9.0 24.7 -8.5 22.7 40.3

6.7 5.0 0.2 3.3 26.5 12.8 5.3 30.3 : -33.1 -8.9 11.5 7.9 -5.2 8.4 2.1 4.5 -3.4 16.4 20.5 33.3 14.0 0.8 -13.1 0.0 30.4 27.7 8.9 33.1 8.6 6.3 0.1 0.9 5.8 8.9 -4.1 5.6 43.8 : -31.8 -20.7 -7.7 10.2 -6.1 2.8 19.0 17.7 -14.8 28.7 22.1 49.3 11.7 3.4 -6.9 7.6 5.7 24.1 5.8 24.7 29.5

10.9 9.3 -1.2 -0.2 32.1 11.7 6.4 25.6 : -24.8 9.2 15.8 13.3 -5.6 5.5 6.7 1.4 2.2 15.5 24.7 32.6 23.0 2.7 -6.8 -1.1 28.5 29.7 4.3 43.2 13.1 9.6 4.3 1.0 4.7 10.9 -3.0 8.6 44.1 : -12.9 -7.6 -5.7 7.3 -2.4 8.7 20.0 21.1 -4.8 30.8 24.2 50.4 12.1 3.8 -5.4 11.3 10.5 16.7 13.8 20.6 31.8

10.1 8.8 -1.7 0.3 25.3 12.4 8.1 26.2 : -29.0 16.7 10.8 12.9 -7.0 -4.3 6.5 -0.1 3.4 11.4 24.5 20.7 26.4 3.6 -5.0 -3.3 34.2 31.7 4.9 21.9 15.5 13.5 7.8 1.4 5.6 12.6 -0.4 10.1 45.4 : -18.1 5.2 -2.9 13.4 -3.3 7.4 18.8 19.9 -21.4 27.2 31.3 53.1 23.0 5.4 -3.6 17.6 12.0 20.4 25.0 20.7 38.6

TREND OF ACTIVITY COMPARED WITH PRECEDING MONTHS (Question 1)

Value

2016 Max. Date

Value

Nov

Dec

Jan

27

TABLE 7: Monthly survey of financial services sector

(a)

Since 04/2006 Min. Max. Ave. Date Value Date Value FINANCIAL SERVICES (b) CONFIDENCE INDICATOR ASSESSMENT OF BUSINESS SITUATION OVER THE PAST 3 MONTHS (c) EVOLUTION OF DEMAND OVER THE PAST 3 MONTHS (c) EVOLUTION OF DEMAND EXPECTED OVER THE NEXT 3 MONTHS (c) EVOLUTION OF EMPLOYMENT OVER THE PAST 3 MONTHS EVOLUTION OF EMPLOYMENT EXPECTED OVER THE NEXT 3 MONTHS

EU EA EU EA EU EA EU EA EU EA EU EA

01-09 01-09 02-09 03-09 03-09 03-09 01-09 01-09 02-09 03-13 01-09 12-12

-20.0 -21.8 -31.6 -30.1 -24.9 -25.3 -18.2 -19.9 -11.2 -12.4 -11.8 -12.4

13.9 11.9 11.1 9.4 12.6 10.7 18.1 15.7 6.0 4.0 7.8 4.9

04-06 04-06 04-06 04-06 04-06 04-06 04-06 04-06 01-07 09-08 04-06 04-06

43.3 42.6 38.6 39.6 41.6 40.3 49.5 47.8 23.3 25.7 30.0 29.5

2016 Nov 11.6 11.1 5.1 4.7 9.0 12.1 20.8 16.7 1.6 -4.1 3.7 -2.5

2017

Dec 17.2 13.8 14.2 10.8 15.5 12.1 21.7 18.5 6.3 -2.6 8.8 2.3

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

23.3 21.5 20.7 18.0 26.1 25.2 23.0 21.3 10.0 0.9 12.2 5.6

23.8 20.8 24.6 21.7 26.3 25.2 20.6 15.4 1.8 -9.6 3.6 -4.5

25.6 23.8 25.0 24.7 24.8 24.2 27.1 22.4 -1.8 -6.4 3.3 -2.1

23.8 21.2 22.2 21.0 23.0 21.6 26.2 21.0 1.7 -2.0 9.1 0.3

23.4 20.3 23.0 20.1 24.6 20.5 22.7 20.5 2.3 -2.5 2.7 -3.7

23.2 23.2 21.1 21.8 25.6 25.9 22.8 21.9 0.0 -2.8 6.5 -1.7

19.4 17.1 21.7 18.1 20.3 18.7 16.4 14.5 -1.7 -5.3 7.7 -0.8

24.6 25.6 26.2 27.5 27.8 30.0 19.9 19.4 -1.5 -2.5 9.3 4.6

19.5 18.8 18.6 18.1 18.1 18.0 21.8 20.4 3.0 -1.7 9.0 2.6

19.3 18.9 16.3 16.0 19.1 17.2 22.5 23.4 2.0 -2.9 8.9 5.1

(a) Data are not seasonally adjusted. (b) The confidence indicator is the arithmetic average of the balances (%) for the questions on business situation and past and expected evolution of demand. (c) Component of the confidence indicator.

Information The Directorate-General Financial and Economic Affairs (DG ECFIN) of the European Commission publishes the Business and Consumer Survey Results every month. The issues of January, April, July and October also include the quarterly survey results for the manufacturing industry and consumers. The April and November issues also include the investment survey results. The data of the surveys is processed by DG ECFIN's Unit Economic situation, forecasts, business and consumer surveys (A3), Sector Business and consumer surveys and short-term forecast. © European Union, 2017 Reproduction is authorised provided the source is acknowledged To obtain additional information regarding these survey results you can contact DG ECFIN at the following addresses: Mail:

European Commission DG ECFIN / Unit A3 200, Rue de La Loi B-1049 Brussels

Email:

[email protected]

Website:

http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm

Upcoming releases:

Flash Consumer Confidence Indicator

22 November 2017

Economic Sentiment Indicator

29 November 2017

Business Climate Indicator for the euro area

29 November 2017