Κομισιόν -Οικονομικό κλίμα Ιανουάριος 2019 by iefimerida

January 2019

BUSINESS AND CONSUMER SURVEY RESULTS **** Important notice: As of this month, the composition of the consumer confidence indicator is revised. Since consumer confidence is one of five components of the Economic sentiment indicator (ESI), the latter is slightly revised accordingly. More information on the new methodology can be found here: A revised Consumer Confidence Indicator. In addition, Irish survey data is included for the first time in more than ten years in the European aggregates. For past observations, the Irish data partly consists of reconstructed series. More information on this is available in the last release of the European Business Cycle Indicators (EBCI). Lastly, the annual updating of country weights and the inclusion of 2018 in the standardisation sample (1990 - 2018) of the ESI has resulted in slight revisions to previous periods. The combined effect of these changes on the ESI for December 2018 is an upward revision by 0.1 points to 107.4 in the euro area and a downward revision by 0.1 points to 107.5 in the EU. ****

Graph 1:

Economic sentiment indicator (s.a.)

120 110 100 90 80

70 60

long-term av erage (1990-2018) = 100

1995

1997

1999

2001

2003

2005

2007

2009

2011

2013

2015

2017

2019

source: European Commission services

January 2019: Economic Sentiment decreases markedly in both the euro area and the EU In January 2019, the Economic Sentiment Indicator (ESI) decreased markedly in both the euro area (by 1.2 points to 106.2) and the EU (by 1.4 points to 106.1). Euro area developments The deterioration of euro-area sentiment resulted from lower confidence in industry, services and retail trade, while confidence improved in construction and, to a lesser extent, among consumers. Amongst the largest euro-area economies, the ESI rose only in France (+0.5), while it decreased in Germany (−0.8) and, more significantly so, in Italy (−1.3) and the Netherlands (−4.1). The ESI remained broadly unchanged in Spain (+0.1). The strong decrease in industry confidence (−1.8) resulted from managers' more pessimistic views on all three components, i.e. production expectations, the current level of overall order books and the stocks of finished products. Managers' assessments of the past production and export order books – which are not included in the confidence indicator – deteriorated significantly, too. The marked decline in services confidence (−1.2) was driven by managers' more pessimistic views on the past business situation and past demand, while their demand expectations remained virtually unchanged. The slight increase in consumer confidence (+0.4) reflected households’ more positive assessments of both their past and future financial situation, while their expectations about the general economic situation and their intentions to make major purchases remained (broadly) stable. The strong decline in retail trade confidence (−1.8) resulted from more negative views on both the present and expected business situation and, to a lesser extent, the adequacy of the volume of stocks. Increasing construction confidence (+0.9) was fuelled by managers' more optimistic employment expectations, while their assessment of the level of order books worsened. Finally, financial services confidence (not included in the ESI) decreased markedly (−3.1), reflecting strong deterioration in managers' demand expectations and their assessment of the past business situation, while appraisals of past demand remained virtually unchanged. Employment plans saw a significant improvement in construction and a slight improvement in retail trade, while employment plans somewhat worsened in services and deteriorated strongly in industry. Selling price expectations increased slightly in services, while they decreased in retail trade, construction and, more importantly so, in industry. Also consumer price expectations dropped in January.

Economic and Financial Affairs

EU developments The marginally stronger decline of the headline indicator for the EU (−1.4) was mainly due to the strong deterioration of sentiment in the largest non-euro area EU economies, the UK (−1.7) and Poland (−3.6). While industry confidence worsened markedly in line with the euro area, the deterioration of EU confidence in services and retail trade was less marked than in the euro area. In contrast with euro-area developments, EU confidence in construction and among consumers remained broadly stable. As regards financial services confidence, the drop in the EU aggregate was in line with euro-area developments. Managers' employment expectations were in line with those for the euro area for industry and services, where they worsened. In contrast to the euro area, employment expectations also weakened in retail trade and construction. Price expectations declined in line with those for the euro area in industry and construction, while, in contrast to the euro area, they decreased strongly in retail trade and edged down in services. Quarterly survey results (conducted in January) In the euro-area manufacturing sector, the estimated rate of capacity utilisation remained stable at 83.6%.1 At the same time, the share of managers assessing their current production capacity as 'more than sufficient' (in view of current order books and demand expectations) increased markedly (+3.0 points). While the estimated number of months' production assured by orders on hand edged up by 0.1 months, assessments of new orders deteriorated markedly (−6.4 points). On the external side, managers' export volume expectations worsened strongly (−4.3 points), as did the assessment of their competitive position on foreign markets outside the EU over the past three months (−3.4 points) compared to October. EU-wide developments were qualitatively in line; the rate of capacity utilisation also remained unchanged, at 83.2%. In January 2019, capacity utilisation in services increased in the euro area (+0.6 points to 90.7%) and the EU (+0.4 points to 90.0%).2 Graph 2: Industrial confidence indicator Graph 3: Services confidence indicator 10

5 0

10 0

-10

Balances, %

-5

-15

-20

EA long-term av erage

-20

-25

-30

-35 -40

-10

2007

2009

Graph 4:

2011

20 13

20 15

2017

EA long-term av erage

-40 2007

2019

Consumer confidence indicator

20 09

Graph 5:

2011

2013

20 15

2017

2019

Retail trade confidence indicator

-5

EA long-term av erage

Balances, %

-10 -15 -20

-5 -10 -15 -20

-25

EU -30

EA long-term av erage

-30 2007

20 09

20 11

20 13

2015

2017

2019

2007

2009

2011

2013

2015

2017

2019

The rates of capacity utilisation in the manufacturing sector in the euro area and the EU were revised due to the inclusion of Irish data in the aggregates. In 2018 Q4, the effect of this change is a downward revision by 0.3 percentage points to 83.6% in the euro area and by 0.2 percentage points to 83.2% in the EU. 2

For the services sector, Irish data on capacity utilisation is not (yet) included in the European aggregates; the series have therefore not been revised.

3 Graph 6:

Graph 7:

Construction confidence indicator

Financial services confidence indicator

10 45

Balances, %

-5

EA long-term av erage

-10 -15 -20

EA av erage

-5

-25 -30 -35 -40

2007

20 09

Graph 8:

2011

20 13

20 15

-15

-25

2017

EA EU 20 07

20 19

Price expectations in the EA

Graph 9:

2009

2011

20 13

2015

20 17

2019

Employment and unemployment in the EA -10 0

Balances, %

10 0 -10

-10

-20

40 50

-30

Industry Services Consumers (1)

-20

Industry Consumers Construction

-30 -40 20 07

20 09

2011

20 13

20 17

-50

Max

20 09

2011

20 13

2015

20 17

20 19

(1) Unemployment expectations (right-hand scale)

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

85 80 75 70

1991

1993

1995

1997

EA - Industry

EA - Services

EU - Industry

EU - Services

1999

2001

2003

2005

70 80

2007

2019

Graph 10: Capacity utilisation in manufacturing (since 1990)

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

2015

-40

2007

2009

2011

2013

2015

2017

2019

Balances, % (inverted scale)

Balances, %

TABLE 1*:

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

2018

2019

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

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

03-09 03-09 02-09 12-08 06-93 03-09 01-09

-38.1 -29.9 -23.7 -26.6 -44.1 65.3 -20.0

-5.7 9.6 -10.5 -6.1 -17.8 100.0 14.3

01-18 06-98 05-00 10-15 11-18 05-00 04-06

9.5 33.8 -1.7 9.2 6.6 116.8 43.3

8.0 16.4 -4.0 4.6 2.3 113.7 25.9

6.1 14.6 -4.4 3.0 2.8 111.7 21.3

7.3 13.2 -4.8 0.2 3.2 111.8 20.9

6.7 13.7 -4.6 2.0 4.5 111.9 17.8

7.0 12.7 -5.0 3.5 4.0 111.7 19.0

6.0 13.4 -4.4 2.3 3.3 111.5 20.6

5.9 12.7 -4.9 5.2 4.2 111.5 16.9

4.9 13.5 -5.5 4.4 5.3 110.7 14.2

3.8 12.6 -5.4 2.5 5.7 110.1 14.0

4.2 11.2 -6.2 1.3 6.6 109.3 10.1

2.8 8.9 -7.6 0.2 5.1 107.5 10.9

0.6 8.4 -7.8 -0.6 5.3 106.1 7.4

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

-37.7 -25.2 -24.4 -28.4 -45.3 68.3 -21.8

-5.6 10.1 -11.3 -8.7 -17.1 100.0 12.6

01-18 06-98 05-00 10-15 11-18 05-00 04-06

10.2 35.3 -1.9 5.9 8.3 118.1 42.6

9.1 17.5 -4.1 3.7 4.0 113.6 26.2

7.3 16.6 -4.8 1.1 5.0 112.0 20.8

8.2 15.4 -5.0 -0.4 4.3 112.2 21.1

7.5 14.9 -5.4 1.0 6.8 111.5 17.3

7.7 15.1 -5.4 1.0 5.4 111.8 18.9

6.2 15.8 -5.3 0.6 5.2 111.2 19.1

6.1 14.8 -5.5 2.2 6.2 111.0 18.6

5.5 15.2 -6.2 2.7 8.3 110.4 12.6

4.2 14.0 -5.9 -0.5 8.0 109.7 14.9

4.4 14.0 -6.6 -0.2 8.3 109.5 11.5

2.3 12.2 -8.3 -0.1 7.3 107.4 13.7

0.5 11.0 -7.9 -1.9 8.2 106.2 10.6

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 12-93 01-09 11-95 03-09 06-93 06-10 10-12 07-09 10-09 05-93 02-09 09-09 02-98 02-99 02-99 03-99 02-09 02-13 10-08 11-11 10-09 03-09 03-09 12-02 12-02 12-02 12-02 03-09 03-09 02-09 10-92 06-09 04-09 03-09 04-09 02-09 05-09 05-09 04-08 02-09 03-09 10-12 02-12 10-12 08-11 08-15 01-93 01-09 08-12 02-93 08-13 12-08 07-93 04-09 05-13 04-97 01-93 03-09 04-09 07-09 08-09 08-09 03-10 08-09

-33.8 -42.9 -20.3 -27.9 -35.1 67.1 -32.1 -13.6 -38.6 -14.8 -56.0 69.2 -35.6 6.4 -33.1 -1.3 -54.9 73.8 -34.5 -10.1 -6.4 -11.4 -50.0 67.5 -42.2 -19.9 -26.8 -41.2 -55.7 73.1 -39.1 -50.3 -47.6 -45.6 -76.0 65.6 -25.6 -30.9 -35.5 -38.7 -69.5 63.5 -36.6 -46.0 -80.8 -48.4 -77.4 75.3 -43.2 -38.7 -41.7 -36.0 -69.3 72.0 -39.4 -28.8 -22.3 -27.2 -62.3 71.3 -28.6 -31.6 -42.9 -31.0 -49.2 76.0

-8.8 12.2 -7.5 -4.6 -10.0 100.0 -5.2 10.6 -25.2 14.6 -24.0 100.0 2.3 33.8 -11.7 15.4 -20.1 100.0 -1.3 6.5 3.6 6.4 -9.4 100.0 -6.7 18.3 -10.9 -15.0 -24.1 100.0 2.9 9.6 -10.5 8.3 -1.1 100.0 11.8 25.0 -3.5 6.9 2.2 100.0 -4.4 8.5 -34.3 -1.6 -24.2 100.0 -8.8 11.4 -12.8 -6.8 -13.8 100.0 -7.4 -0.3 -9.6 -8.1 -14.9 100.0 -4.3 3.8 -22.8 -3.9 -21.1 100.0

06-07 08-07 11-00 10-10 02-90 06-07 01-08 03-07 07-01 08-94 11-07 02-07 06-00 02-07 03-18 11-07 01-19 02-07 09-94 05-10 04-04 04-15 11-06 05-10 02-11 03-99 02-11 12-90 11-18 09-90 12-06 01-06 02-07 04-07 05-06 09-06 11-99 05-16 01-00 06-00 06-97 12-99 03-00 08-00 04-00 07-07 04-00 07-00 06-98 06-98 10-99 12-15 12-98 06-98 06-00 01-90 01-01 12-07 10-00 10-00 02-18 09-16 05-18 06-18 01-19 01-18

6.9 32.2 5.4 13.7 9.7 118.1 12.3 33.4 -8.0 31.8 23.9 121.1 29.8 52.6 7.2 29.5 5.4 116.7 16.7 28.6 11.5 17.0 24.2 118.6 16.4 50.1 1.6 22.3 22.6 117.5 28.5 38.3 13.5 35.6 48.8 118.9 33.7 56.0 15.5 37.7 56.9 120.9 13.3 58.7 3.2 39.0 32.5 120.5 7.4 54.0 2.5 17.0 39.5 116.0 14.7 16.2 2.4 8.8 44.9 120.2 17.7 25.9 -3.6 19.4 17.1 115.5

1.3 18.3 -3.5 -9.6 -5.3 107.9 3.8 15.8 -18.2 21.0 -4.8 109.9 2.7 38.6 5.2 25.0 -8.4 109.0 1.2 16.7 8.7 3.4 -0.3 111.2 14.2 22.2 1.1 -1.1 15.6 114.5 7.9 15.8 -2.5 13.3 6.2 105.9 14.5 41.2 10.7 11.3 32.8 108.6 4.2 18.9 -49.6 2.8 -45.1 103.9 2.4 23.8 -2.9 13.0 -4.7 109.7 3.7 6.8 -6.8 -0.2 3.4 108.7 17.7 19.3 -7.5 15.4 7.6 115.4

-1.0 16.9 -1.9 -4.4 -2.1 108.3 3.8 15.8 -17.3 18.5 -9.8 109.8 5.1 36.1 7.2 23.7 -5.9 109.6 -2.4 15.0 7.2 7.2 -1.9 107.1 11.9 19.7 0.2 -6.0 15.6 112.4 7.8 16.3 -0.2 5.3 8.8 106.1 14.2 44.4 10.3 19.6 27.2 108.6 -3.3 17.7 -52.1 2.2 -55.0 99.0 1.9 26.6 -5.9 10.8 -5.2 108.8 1.8 6.7 -6.3 -5.1 5.9 107.7 11.4 19.2 -9.0 11.4 6.9 112.0

-1.9 23.1 -3.2 -7.2 1.4 108.7 3.3 20.5 -19.4 16.5 -10.1 110.6 4.5 37.7 5.3 25.4 -5.3 109.5 0.2 10.6 4.9 7.8 -2.7 104.9 12.5 17.7 -0.7 -6.4 16.0 112.0 7.4 10.0 -1.5 8.5 6.5 104.4 24.9 45.7 10.7 15.2 28.1 114.5 -1.2 23.6 -48.5 10.4 -54.7 102.6 3.3 22.5 -4.9 10.9 -12.3 110.1 4.2 5.9 -7.5 -4.1 4.9 108.8 9.5 20.8 -8.1 19.4 8.4 113.1

-1.0 12.6 -3.6 -9.1 1.3 106.4 3.9 18.9 -18.4 17.6 -9.7 110.7 3.4 37.1 6.3 23.9 -6.4 109.1 4.9 10.2 7.3 5.7 -0.1 108.6 12.1 18.5 -1.1 -2.3 16.6 112.0 5.9 7.0 -1.2 7.7 3.0 103.3 20.2 44.3 11.4 14.0 26.4 111.1 -1.5 25.1 -48.6 6.4 -39.0 103.6 0.8 24.5 -3.2 8.8 1.5 109.0 3.5 3.2 -8.1 -4.7 5.0 106.5 10.3 24.5 -3.6 17.8 12.6 114.9

-1.6 17.1 -7.1 -9.7 0.0 105.8 0.7 18.6 -17.4 17.9 -10.1 109.4 3.8 37.3 5.7 23.1 -5.4 109.1 0.2 9.5 8.0 10.7 -1.8 106.7 12.2 16.5 -1.5 -5.9 15.0 111.6 6.1 8.3 -1.1 7.6 11.5 104.1 24.8 42.9 9.2 18.2 22.7 113.0 -1.6 21.0 -48.9 2.6 -47.8 102.1 -0.5 23.6 -0.8 11.4 -1.4 109.2 5.8 4.6 -9.7 -3.1 6.4 108.0 12.1 17.1 -8.1 19.4 13.9 113.3

-2.3 8.7 -6.1 -14.9 2.0 102.9 -0.3 16.6 -19.9 18.8 -10.3 107.0 0.0 37.5 5.4 20.7 -4.9 107.5 3.3 10.4 7.8 7.8 -0.1 108.9 10.3 23.7 -2.5 -6.6 19.0 112.1 6.3 14.5 0.3 8.1 12.3 105.7 14.9 39.8 10.4 19.9 34.2 107.4 5.4 15.9 -46.5 14.9 -45.8 104.9 -1.3 23.3 -1.4 11.0 -17.3 107.5 4.0 4.5 -8.8 -1.1 8.2 107.8 10.7 13.9 -6.9 14.8 11.0 111.2

0.8 13.4 -7.3 -6.4 1.6 106.4 0.0 21.8 -18.4 15.2 -9.0 109.7 0.0 38.1 3.4 18.4 -3.2 107.1 3.9 10.9 5.3 4.7 -0.9 107.6 10.8 22.2 -1.2 -4.6 17.6 112.4 5.0 9.5 0.2 10.8 9.5 104.1 18.4 38.6 8.4 18.8 36.5 110.0 6.3 11.9 -45.0 19.7 -45.1 104.7 -3.5 22.2 -3.3 11.0 -10.2 106.9 3.0 2.9 -9.6 -0.5 8.4 106.1 8.1 16.1 -6.2 11.0 11.7 111.3

1.6 15.0 -6.2 -5.7 1.9 108.0 -0.3 18.4 -19.0 15.8 -9.6 108.0 1.3 39.0 4.9 23.0 -2.7 108.9 -1.2 10.3 7.5 12.0 -0.5 106.1 10.0 22.3 -0.7 -2.2 18.0 112.1 6.9 6.8 0.6 14.3 12.5 104.5 21.9 44.1 9.7 22.9 35.9 112.0 0.3 10.5 -42.7 21.0 -54.5 100.6 -3.0 19.3 -6.4 9.2 2.5 105.6 0.3 3.6 -12.6 -2.2 9.3 104.1 13.3 16.6 -7.6 9.4 13.9 113.1

-2.1 12.6 -5.0 -17.5 3.3 105.1 0.8 14.1 -22.8 18.0 -8.1 105.9 2.2 37.8 3.6 20.2 -1.4 108.1 -1.1 8.9 5.4 6.9 -1.5 103.5 7.8 20.7 -1.1 -5.4 21.7 111.0 4.2 7.9 -1.0 5.9 16.4 103.5 26.3 46.6 6.4 10.7 34.6 114.0 -3.4 10.7 -34.1 16.4 -51.4 100.4 -1.5 20.9 -6.5 9.5 2.2 107.4 -2.0 1.1 -10.9 -6.3 4.7 102.8 11.8 16.5 -6.2 7.0 13.8 112.5

-2.1 13.5 -6.8 -10.0 1.7 104.8 -0.3 16.6 -27.2 19.0 -6.2 104.8 2.2 40.6 1.2 22.3 0.9 109.0 0.6 10.1 5.6 2.1 0.6 105.3 7.3 23.0 -1.1 -5.0 22.6 111.4 8.1 10.3 -2.8 11.0 10.6 104.8 26.1 41.6 6.5 18.8 37.7 113.2 -3.2 11.1 -32.7 10.0 -43.1 101.1 -0.8 19.6 -4.9 10.7 -0.2 107.4 0.3 1.8 -13.9 -4.8 8.2 103.5 12.0 16.3 -5.4 2.6 13.2 112.7

-5.1 12.3 -10.2 -5.9 -0.6 101.6 1.4 14.7 -24.5 21.6 -6.8 106.0 1.0 38.5 4.5 23.4 2.9 108.8 -4.2 11.0 4.7 10.1 -1.6 103.1 4.2 20.8 -2.3 -5.5 20.9 109.3 6.1 7.4 -1.0 13.8 7.9 103.6 29.2 35.8 4.6 8.3 41.0 114.4 -5.0 11.4 -31.0 18.4 -53.1 100.9 -3.4 13.6 -7.2 10.7 -6.9 104.3 -2.2 1.8 -17.5 -8.9 9.7 100.5 11.6 21.9 -6.0 7.8 14.9 114.3

-2.1 5.9 -11.2 -9.9 -1.6 100.1 2.4 13.0 -26.0 19.5 -7.6 105.4 0.1 36.8 3.4 19.7 5.4 107.5 -3.5 7.1 3.9 5.6 -1.3 100.8 3.1 18.9 -2.3 -8.8 19.8 108.5 3.5 2.7 -0.7 6.4 5.5 101.6 14.9 32.4 0.8 12.4 37.5 105.4 -4.6 -1.6 -28.3 23.0 -51.3 99.6 -4.0 15.1 -6.9 7.2 6.5 104.4 -4.3 2.5 -13.8 -9.4 5.4 101.0 10.2 17.1 -7.3 13.7 17.1 112.1

TABLE 1* (continued) : Indicators of confidence and economic sentiment

(s.a.)

Since 1990 (*) Min. Date Value IT

03-09 09-12 12-12 04-99 09-93 03-09 04-13 04-13 04-13 04-13 04-13 04-13 04-93 03-09 06-09 02-09 07-09 04-93 04-09 03-09 11-09 04-09 05-09 04-09 03-09 : 12-08 : 03-94 12-08 03-09 03-09 06-95 03-09 04-09 03-09 03-09 03-09 06-12 06-12 03-09 03-09 02-09 03-09 02-13 06-09 12-12 02-09 03-09 04-09 01-09 03-09 04-96 04-09 03-09 03-09 09-01 03-03 02-02 09-01 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 -32.0 -65.4 -75.4 73.6 -37.4 -59.0 -59.4 -48.9 -72.7 68.6 -44.0 -43.9 -47.5 -35.2 -79.4 66.0 -41.4 -47.2 -37.3 -57.8 -92.9 66.9 -53.9 : -21.7 : -70.9 74.7 -34.7 -44.2 -60.9 -41.1 -56.0 71.5 -31.6 -22.0 -35.4 -19.6 -53.4 71.4 -25.4 -41.6 -27.2 -16.9 -47.7 66.2 -37.8 -24.9 -23.1 -26.4 -56.4 68.8 -29.1 -12.0 -26.6 -16.8 -67.9 76.6 -33.4 -31.5 -46.3 -32.1 -70.2 73.2 -22.2 -19.3 -52.6 -21.6 -60.4 68.2 -38.0 -28.9 -42.9 -21.6 -63.9 66.2

Ave. -4.2 4.3 -13.6 -10.9 -22.2 100.0 -2.5 4.4 -19.8 -7.1 -24.5 100.0 -7.2 4.5 -6.6 6.4 -24.0 100.0 -10.5 9.1 -7.1 -0.5 -31.8 100.0 -15.0 : -7.0 : -17.9 100.0 -1.9 -4.6 -25.8 -5.9 -14.8 100.0 -3.0 23.1 -12.4 2.5 -15.1 100.0 -2.2 6.8 -4.2 10.8 -3.6 100.0 -4.3 15.2 -9.0 -7.5 -15.0 100.0 -13.3 3.5 -8.4 -2.1 -31.2 100.0 -5.9 1.5 -15.2 -3.2 -29.6 100.0 -1.8 11.7 -17.4 10.8 -14.2 100.0 -1.2 14.7 -16.3 11.9 -9.0 100.0

2018 Max. Date Value

02-95 04-00 07-01 10-15 04-90 05-00 04-08 01-18 02-18 05-07 12-03 08-07 02-07 12-06 09-06 04-07 01-07 02-07 08-07 07-06 03-07 01-07 01-07 07-06 04-95 : 02-02 : 09-17 04-95 07-18 04-18 08-02 01-14 11-18 07-18 03-08 05-07 02-18 10-15 05-18 12-17 02-18 04-07 04-00 10-99 12-17 02-07 02-07 06-98 12-17 05-10 09-18 12-17 06-07 07-07 07-18 12-07 02-08 05-96 03-98 06-01 09-91 03-99 12-97 03-98 06-96 06-04 03-17 12-97 06-96 06-96 06-00 09-02 04-18 09-07 03-07 07-07

14.2 33.1 -1.4 17.4 13.4 122.6 19.9 45.3 3.8 20.6 36.5 115.4 11.8 20.9 15.4 22.8 19.2 116.3 9.8 34.3 12.9 41.7 13.4 118.1 24.1 : 4.0 : 40.8 123.5 17.1 17.9 7.0 14.1 33.3 121.9 18.8 65.2 17.8 27.3 37.9 120.7 8.1 46.5 9.6 33.3 41.8 117.7 15.2 33.4 4.0 13.2 19.6 120.0 -0.5 22.7 5.6 11.9 -0.7 124.8 8.4 24.6 6.5 12.8 1.9 115.4 27.3 56.2 -1.2 35.8 34.6 125.8 17.8 38.0 -2.9 38.2 27.8 117.9

2019

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

5.6 12.9 -11.1 8.7 -12.1 110.5 10.8 40.1 3.8 8.6 -18.8 115.0 1.8 6.1 -3.6 9.0 -1.2 105.6 -5.6 29.5 -2.1 8.7 -11.5 109.9 -5.4 : 1.6 : 20.9 110.5 14.0 16.0 0.6 13.5 22.9 119.5 13.9 29.8 17.8 23.3 28.8 117.0 8.1 16.0 3.6 10.6 30.0 112.6 12.6 30.9 3.2 -10.2 8.8 118.4 -2.8 8.9 3.9 9.8 -6.0 109.9 2.6 15.0 -3.4 2.6 -15.4 111.8 1.6 11.3 -17.5 12.1 -14.9 101.9 12.5 24.7 -4.4 20.1 24.5 112.6

3.9 10.1 -11.3 8.9 -11.6 108.4 5.5 36.4 -1.4 12.6 -15.6 111.7 1.6 3.8 -4.6 5.7 -3.5 104.3 -4.5 24.0 -1.9 7.7 -8.7 109.1 -7.9 : -2.2 : 19.0 107.0 12.3 10.9 2.6 10.6 20.7 118.4 11.0 32.7 15.3 5.7 26.2 114.8 7.0 16.0 4.1 9.8 36.0 112.3 12.2 29.5 1.4 -6.3 10.8 117.1 -3.7 7.6 2.1 7.5 -6.9 107.3 2.2 12.4 -3.7 2.3 -13.4 110.7 0.6 9.2 -16.6 7.9 -14.1 100.7 10.0 22.8 -3.9 9.3 24.8 111.0

2.8 9.8 -10.5 2.1 -10.8 108.1 7.1 40.5 2.2 8.3 -16.7 113.6 0.8 1.1 -4.1 7.1 -2.8 103.6 -1.0 26.6 -0.2 8.2 -9.0 111.5 -8.3 : -1.7 : 15.2 107.4 10.1 17.9 2.9 8.2 21.7 118.3 -4.4 29.4 9.4 1.4 25.0 105.2 5.8 14.6 3.8 5.3 35.1 110.2 11.5 27.2 2.0 -9.9 11.0 115.5 -5.0 7.4 4.2 5.4 -7.3 107.6 -0.1 9.8 -3.4 2.2 -9.2 108.9 0.0 6.1 -14.6 6.5 -15.2 100.2 9.3 24.4 -2.9 15.7 27.3 112.3

2.8 9.6 -12.0 4.3 -10.8 107.1 4.1 32.6 0.2 9.6 -13.1 110.4 0.8 2.7 -5.8 8.4 -1.2 103.8 -1.6 29.3 1.4 7.5 -12.1 112.1 -6.8 : -2.4 : 16.0 107.5 15.1 8.6 -0.6 7.6 28.0 118.2 5.0 40.2 5.9 9.6 37.9 112.6 7.0 16.7 2.4 6.4 38.2 111.0 10.8 24.2 0.8 -9.5 10.0 113.7 -3.9 6.8 3.7 5.0 -7.1 107.3 -0.3 14.0 -2.9 2.6 -10.5 110.1 0.2 10.2 -15.7 9.6 -13.9 101.4 9.7 24.8 -4.1 5.6 26.0 111.3

1.8 11.9 -9.4 7.2 -12.7 108.1 -3.0 16.3 -0.4 5.8 -14.5 105.9 0.8 4.0 -6.9 8.8 -0.5 104.0 1.6 30.5 -0.4 6.9 -11.2 113.3 -6.3 : -3.1 : 16.1 108.3 15.4 13.2 1.4 10.4 29.0 120.4 10.7 30.2 8.7 -0.3 25.3 111.4 5.5 15.9 2.5 6.5 31.4 109.3 9.5 27.4 -0.2 -8.1 8.1 114.0 -3.1 6.5 5.4 5.7 -7.3 108.8 0.9 18.2 -4.5 1.8 -7.5 112.2 1.0 11.4 -17.9 3.4 -12.3 101.3 9.8 24.4 -3.8 21.5 27.4 111.2

1.8 9.0 -8.8 4.8 -9.9 108.0 0.7 25.1 -8.5 4.6 -10.8 107.5 1.5 3.1 -7.2 9.1 -1.1 104.0 1.1 29.1 1.9 9.3 -9.0 113.5 -4.0 : 0.3 : 16.2 111.0 17.1 17.7 -0.6 8.5 30.6 121.9 15.3 31.6 10.9 12.3 29.1 115.9 4.3 16.3 4.0 6.1 34.0 109.8 6.4 24.7 0.2 -14.5 17.6 112.2 -2.9 6.4 5.6 5.8 -8.4 109.1 0.6 17.5 -5.0 1.4 -9.9 111.9 0.7 4.4 -13.7 6.2 -11.7 100.2 6.2 24.2 -5.5 10.9 23.4 109.3

0.7 9.1 -9.5 7.2 -8.8 107.4 3.4 23.4 -3.4 9.6 -10.9 108.1 2.4 4.0 -4.3 6.7 -0.6 105.1 -0.8 29.5 1.8 9.9 -13.2 112.6 -11.1 : -1.3 : 16.8 106.4 12.6 11.8 -4.3 11.6 32.0 117.6 12.8 36.1 6.7 11.1 21.5 113.9 4.7 14.1 2.0 6.7 32.5 108.7 8.4 25.2 0.2 -12.6 15.4 113.5 -4.1 6.1 2.9 4.9 -8.7 107.3 1.5 15.1 -5.2 1.3 -12.9 111.4 0.8 5.1 -15.4 3.6 -9.4 100.0 7.0 24.8 -7.6 10.6 22.1 109.3

0.9 9.5 -9.9 7.1 -11.1 107.0 10.8 31.6 -2.6 0.4 -11.1 113.0 0.9 5.8 -4.2 6.1 0.7 105.1 -2.3 30.4 3.0 11.2 -12.4 112.5 -7.8 : -1.9 : 17.8 108.0 7.8 9.6 -3.4 14.0 25.9 114.1 5.0 42.2 9.5 17.1 11.8 113.9 4.0 15.3 2.0 9.7 35.1 109.3 7.5 27.9 0.8 -9.8 19.6 113.6 -5.8 5.4 4.0 6.4 -8.3 106.1 -1.1 16.8 -4.6 1.1 -12.4 110.4 1.6 4.8 -11.9 16.2 -8.4 101.9 4.5 25.4 -11.8 11.7 17.6 106.6

-0.2 8.7 -9.5 2.6 -9.3 106.2 10.4 25.5 -2.4 2.5 -7.7 111.5 1.1 5.3 -4.3 6.6 0.0 104.9 -1.1 30.3 1.0 12.7 -10.7 112.6 -4.6 : -2.0 : 15.0 109.1 12.1 12.4 -4.1 12.1 29.4 117.6 -8.8 30.7 7.3 -0.5 3.1 101.9 3.5 14.2 -0.8 10.4 34.1 107.9 5.6 30.5 -0.1 -12.4 15.2 113.5 -6.0 4.5 3.0 4.5 -8.4 105.2 -0.9 10.4 -4.7 2.5 -7.6 108.9 0.9 6.1 -11.1 10.2 -8.0 101.8 8.6 23.4 -10.3 17.6 18.7 109.5

-0.8 7.3 -10.7 2.6 -12.4 105.0 5.3 34.9 -5.8 5.2 -13.3 110.9 2.4 5.5 -5.9 6.1 -0.8 105.2 -2.7 29.6 2.4 12.5 -13.2 112.1 -4.4 : 0.1 : 14.0 110.1 12.5 13.6 -5.9 10.4 33.3 117.2 6.7 36.2 9.3 15.3 2.8 111.7 4.1 12.6 -1.8 5.7 29.5 107.6 7.0 20.9 0.1 -13.3 15.9 111.1 -3.9 5.4 3.7 6.7 -7.3 107.3 -0.3 12.5 -4.5 1.8 -7.3 109.7 0.6 5.6 -12.9 6.4 -6.7 101.0 6.8 22.4 -8.5 8.7 25.9 108.0

-1.5 4.2 -10.2 5.3 -10.7 104.1 11.9 44.3 -5.9 1.5 -11.3 115.3 2.1 7.6 -3.4 9.0 0.6 106.2 -0.6 33.4 -0.3 8.8 -12.0 113.0 -11.2 : -0.5 : 17.2 106.0 16.0 11.4 -5.2 8.5 31.2 118.7 -0.5 37.9 7.5 -12.2 16.5 107.9 4.5 12.7 -3.8 9.6 29.8 107.6 1.7 20.4 -0.6 -8.8 16.8 108.7 -3.8 5.0 1.8 7.6 -6.4 106.6 -0.5 16.3 -6.6 2.1 -5.2 110.5 0.4 6.0 -13.1 13.5 -6.6 101.3 5.6 26.6 -9.9 13.5 16.3 108.3

-3.0 3.3 -10.5 5.6 -6.9 102.8 4.7 32.6 -3.8 0.8 -10.6 111.4 1.7 6.7 -4.6 5.1 -1.0 105.6 -3.3 32.5 2.6 6.9 -10.8 112.4 -7.7 : -0.3 : 14.3 107.8 13.4 12.2 -6.2 9.1 25.8 118.1 -4.7 24.5 4.2 -1.3 32.5 101.9 3.0 9.7 -8.1 7.1 29.7 103.5 -0.4 20.5 -1.8 -12.6 10.4 106.5 -7.2 1.9 2.2 2.8 -6.5 103.0 -2.3 18.6 -8.2 3.0 -10.3 110.1 0.6 8.7 -14.8 11.3 -7.9 101.5 6.7 26.2 -7.9 20.4 13.6 109.9

TABLE 1* (continued) : Indicators of confidence and economic sentiment

(s.a.)

Since 1990 (*) Min. Date Value

Ave.

2018 Max. Date Value

Dec

Jan

04-09 -31.8 3.0 05-96 25.8 8.7 8.0 6.2 2.5 1.2 1.4 0.1 2.6 -0.3 1.5 2.2 05-09 -24.0 22.6 03-02 62.6 7.3 8.0 8.7 7.7 5.4 2.4 -5.1 -8.8 -0.2 -11.0 -6.9 09-99 -42.0 -19.8 04-07 2.4 -6.9 -9.2 -10.7 -7.9 -9.1 -8.5 -6.9 -8.0 -8.0 -7.8 -7.7 03-09 -22.7 10.2 11-98 34.4 24.0 22.0 24.8 26.5 27.2 23.1 20.2 25.5 27.2 24.2 30.8 07-99 -86.1 -25.0 03-97 17.5 -1.7 -5.5 -1.3 -3.1 0.5 -2.5 -2.6 -11.4 -10.2 -6.9 -7.4 04-09 63.5 100.0 05-96 123.8 106.0 104.6 103.4 102.1 100.8 100.1 97.8 97.1 98.5 96.5 98.3 FI 03-09 -37.3 1.5 10-94 31.3 14.1 11.3 12.7 12.0 15.0 17.7 14.5 11.1 8.3 7.4 3.2 12-01 -47.6 14.5 09-00 51.1 27.9 29.8 22.0 23.7 16.9 17.7 17.7 23.4 14.6 14.5 13.7 12-08 -10.1 1.8 12-17 10.5 7.7 6.6 6.0 6.0 4.3 4.7 5.6 5.9 4.0 2.8 1.3 02-15 -30.0 -1.1 02-18 26.2 26.2 12.8 6.0 19.1 15.4 14.9 15.0 16.0 12.8 7.1 7.8 09-91 -108.6 -17.2 06-98 36.5 4.0 1.5 8.4 5.9 6.7 -2.9 13.1 14.5 2.4 13.7 11.2 09-91 73.1 100.0 11-94 118.4 112.2 111.0 109.4 110.0 108.4 110.0 109.3 109.7 104.9 104.2 101.6 SE 03-09 -38.5 -2.4 08-18 20.6 14.7 16.7 19.9 18.1 15.1 18.1 20.6 15.4 14.9 15.6 17.2 04-09 -26.3 20.6 02-11 53.0 28.2 24.4 24.5 22.7 27.1 26.0 23.5 28.3 24.8 20.5 18.3 03-96 -10.3 2.1 06-10 10.5 3.1 2.3 2.2 2.2 0.5 0.3 2.3 3.0 0.6 1.0 -0.1 01-09 -38.3 11.6 01-10 47.6 20.2 17.6 13.1 16.3 18.8 11.4 14.4 17.9 15.3 16.5 16.4 12-93 -82.9 -18.7 08-07 47.6 27.4 26.3 28.6 22.0 23.1 19.1 22.8 15.8 14.0 5.5 11.0 04-09 76.2 100.0 01-11 116.5 110.4 109.9 110.8 110.5 109.4 109.4 111.2 110.2 108.4 107.3 107.7 UK 03-09 -49.0 -7.6 07-17 16.2 6.4 0.1 5.1 3.6 5.9 7.0 7.6 5.4 3.1 4.1 7.7 03-09 -57.4 4.5 10-97 36.1 10.9 5.2 1.9 7.5 0.9 2.1 2.5 4.9 5.6 -2.2 -8.1 01-09 -30.1 -8.6 09-02 3.6 -6.9 -5.9 -7.5 -4.8 -7.0 -4.4 -5.6 -7.0 -7.0 -8.1 -9.2 01-09 -47.1 1.4 09-15 26.7 2.8 4.9 -4.0 0.2 7.6 4.0 14.5 5.0 9.9 1.5 -7.5 06-91 -79.3 -19.7 10-17 10.7 -4.7 -5.1 0.5 -2.0 0.5 -1.9 -2.4 -2.6 0.7 5.7 -0.1 03-09 61.9 100.0 06-14 117.0 109.1 104.8 105.2 107.3 106.9 108.3 109.6 108.3 108.3 105.0 105.4 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 (1990-2018) 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 2019.

-1.9 -0.2 -10.6 26.6 -10.3 97.1 4.3 13.1 0.3 4.2 17.4 102.1 9.9 15.4 -1.4 12.9 7.8 104.5 2.3 -4.9 -11.3 -1.9 -3.4 103.7

Feb

Mar

Apr

May

Jun

Jul

2019 Aug

Sep

Oct

Nov

TABLE 2: Monthly

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

INDUSTRIAL CONFIDENCE INDICATOR (a)

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 04-09 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 01-09 04-92 03-09 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 06-09 06-09 04-09 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

-38.1 -37.7 -33.8 -32.1 -35.6 -34.5 -42.2 -39.1 -25.6 -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 -32.7 -31.4 -35.3 -11.5 -49.0 -34.3 -41.0 -69.6 2.2 -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 -62.3 -63.5 -56.8 -70.0 -56.8 -61.7 -65.7 -76.5 -57.3 -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

-5.7 -5.6 -8.8 -5.2 2.3 -1.3 -6.7 2.9 11.8 -4.4 -8.8 -7.4 -4.3 -4.2 -2.5 -7.2 -10.5 -15.0 -1.9 -3.0 -2.2 -4.3 -13.3 -5.9 -1.8 -1.2 3.0 1.5 -2.4 -7.6 8.2 7.3 -1.9 22.0 18.9 11.1 4.1 15.0 45.0 18.5 3.3 6.0 18.6 11.2 8.0 12.2 11.3 -3.6 9.6 20.8 6.6 10.4 14.6 4.3 12.9 20.5 22.7 11.9 18.7 7.8 -16.4 -15.6 -19.4 -39.5 -3.9 -6.4 -15.5 -6.0 -2.7 -19.8 -16.3 -17.1 -31.3 -17.9 -28.3 -32.1 -37.2 -29.9 -14.2 -22.3 -8.1 -15.0 -51.1 -18.4 -14.4 -14.2 -10.4 -10.6 -20.1 -15.6

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

01-18 01-18 06-07 01-08 06-00 09-94 02-11 12-06 11-99 03-00 06-98 06-00 02-18 02-95 04-08 02-07 08-07 04-95 07-18 03-08 02-18 02-07 06-07 03-98 06-96 06-00 05-96 10-94 08-18 07-17 12-94 12-94 01-11 09-08 06-00 07-17 12-10 03-02 11-99 02-00 12-00 11-00 08-17 12-94 12-18 03-02 08-97 04-10 12-97 03-08 02-18 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 01-18 12-06 12-99 05-98 06-98 06-00 02-18 02-95 06-07 02-07 08-07 12-97 07-18 06-18 12-06 03-90 06-18 03-98 06-96 03-07 09-94 11-94 03-18 11-17

9.5 10.2 6.9 12.3 29.8 16.7 16.4 28.5 33.7 13.3 7.4 14.7 17.7 14.2 19.9 11.8 9.8 24.1 17.1 18.8 8.1 15.2 -0.5 8.4 27.3 17.8 25.8 31.3 20.6 16.2 23.7 22.3 20.3 43.9 54.7 31.6 28.6 67.5 72.3 44.3 17.7 26.8 46.0 34.3 38.9 41.8 35.9 36.1 36.2 58.2 20.8 32.4 34.1 21.3 48.1 43.3 62.0 41.0 50.2 36.0 8.5 10.7 10.7 -10.2 30.6 32.5 22.3 32.1 26.2 5.9 14.2 27.7 -4.4 14.5 4.6 -1.1 1.9 29.2 25.2 19.1 9.0 21.1 -23.2 10.5 50.9 23.8 49.0 42.1 24.1 17.4

8.0 9.1 1.3 3.8 2.7 1.2 14.2 7.9 14.5 4.2 2.4 3.7 17.7 5.6 10.8 1.8 -5.6 -5.4 14.0 13.9 8.1 12.6 -2.8 2.6 1.6 12.5 8.7 14.1 14.7 6.4 17.3 17.6 9.8 22.1 13.0 22.2 19.0 15.9 44.2 21.7 4.6 14.9 44.9 16.4 25.2 12.2 12.3 0.2 26.2 34.9 20.8 23.1 15.2 11.2 6.3 31.0 12.6 22.0 24.5 14.2 7.5 9.8 -2.2 -13.4 -1.9 -10.0 20.5 -0.5 0.0 -4.8 3.4 2.8 -4.4 3.0 -4.9 -11.5 -30.0 -10.6 21.2 6.0 6.9 7.7 -23.9 -0.8 -4.3 19.2 -1.8 17.8 20.3 10.2

6.1 7.3 -1.0 3.8 5.1 -2.4 11.9 7.8 14.2 -3.3 1.9 1.8 11.4 3.9 5.5 1.6 -4.5 -7.9 12.3 11.0 7.0 12.2 -3.7 2.2 0.6 10.0 8.0 11.3 16.7 0.1 15.4 15.7 4.6 21.2 20.1 11.2 16.5 21.2 47.7 13.1 6.9 10.0 38.0 15.5 32.3 8.9 12.7 -0.7 21.6 39.7 18.4 24.4 15.6 8.6 4.8 24.5 11.6 17.7 28.2 8.6 5.7 7.9 -8.1 -13.2 -1.2 -10.6 17.5 -2.1 -2.6 -13.0 6.2 1.8 -8.2 0.0 -23.5 -8.7 -25.0 -17.9 15.8 -1.6 6.2 9.9 -24.7 0.0 -5.0 14.1 4.3 16.8 24.1 5.7

7.3 8.2 -1.9 3.3 4.5 0.2 12.5 7.4 24.9 -1.2 3.3 4.2 9.5 2.8 7.1 0.8 -1.0 -8.3 10.1 -4.4 5.8 11.5 -5.0 -0.1 0.0 9.3 6.2 12.7 19.9 5.1 18.8 18.2 6.4 23.5 21.5 18.4 17.4 20.4 61.2 14.6 15.7 16.1 31.0 14.9 29.8 10.8 19.9 6.5 25.7 -1.4 15.6 22.2 14.9 6.6 5.2 25.3 17.8 20.2 34.8 20.8 5.3 7.4 -6.5 -14.8 -1.7 -11.9 18.6 -2.0 4.1 -13.2 -1.1 1.2 -10.9 -2.9 -18.8 -10.9 -24.3 -24.8 12.0 0.8 6.7 11.7 -26.6 -4.1 -6.7 9.9 2.0 13.3 22.7 7.3

6.7 7.5 -1.0 3.9 3.4 4.9 12.1 5.9 20.2 -1.5 0.8 3.5 10.3 2.8 4.1 0.8 -1.6 -6.8 15.1 5.0 7.0 10.8 -3.9 -0.3 0.2 9.7 2.5 12.0 18.1 3.6 16.9 15.7 5.0 25.8 17.2 29.0 13.3 17.8 57.4 18.2 7.4 16.7 33.6 13.2 24.9 11.3 20.5 7.3 27.0 19.7 19.3 20.8 14.3 6.0 5.4 24.8 22.5 19.6 25.9 22.6 6.2 9.2 -7.7 -14.5 -1.9 -6.3 21.0 -2.0 7.2 -20.7 3.3 2.1 -11.4 -0.5 -19.1 -12.0 -22.6 -22.2 20.4 -2.0 7.2 12.5 -24.6 -4.0 -6.1 13.3 -12.1 17.6 21.2 0.5

7.0 7.7 -1.6 0.7 3.8 0.2 12.2 6.1 24.8 -1.6 -0.5 5.8 12.1 1.8 -3.0 0.8 1.6 -6.3 15.4 10.7 5.5 9.5 -3.1 0.9 1.0 9.8 1.2 15.0 15.1 5.9 17.1 16.9 3.8 21.8 17.8 18.6 16.1 13.2 46.8 17.8 7.9 23.1 34.5 12.0 3.3 10.9 27.7 8.8 30.3 19.9 15.1 20.8 15.3 9.0 6.9 25.5 14.2 27.7 29.7 15.7 6.2 8.2 -8.3 -15.1 -0.8 -11.9 18.7 -1.0 20.7 -18.2 -1.5 1.4 -9.6 -2.4 -27.6 -11.8 -20.9 -28.9 17.3 19.1 7.8 10.2 -23.2 -4.1 -5.0 16.5 -9.0 19.7 14.5 10.2

6.0 6.2 -2.3 -0.3 0.0 3.3 10.3 6.3 14.9 5.4 -1.3 4.0 10.7 1.8 0.7 1.5 1.1 -4.0 17.1 15.3 4.3 6.4 -2.9 0.6 0.7 6.2 1.4 17.7 18.1 7.0 16.1 15.5 2.6 15.9 11.5 21.7 14.0 19.4 41.4 28.7 1.2 22.2 36.5 13.3 15.9 12.5 24.0 14.2 27.4 44.3 12.6 21.2 16.0 10.3 7.9 21.4 8.9 36.8 34.9 15.1 5.0 6.4 -9.2 -14.9 -4.5 -9.0 17.6 -5.1 10.1 -9.9 2.7 -2.0 -7.3 -4.6 -27.6 -12.0 -24.5 -19.8 25.2 -0.9 4.9 3.6 -24.1 -6.5 -5.4 6.6 -7.9 16.1 16.7 11.2

5.9 6.1 0.8 0.0 0.0 3.9 10.8 5.0 18.4 6.3 -3.5 3.0 8.1 0.7 3.4 2.4 -0.8 -11.1 12.6 12.8 4.7 8.4 -4.1 1.5 0.8 7.0 0.1 14.5 20.6 7.6 17.2 16.7 7.6 18.5 10.2 24.5 16.0 20.2 45.7 29.0 5.1 21.5 30.3 13.1 21.1 12.8 18.7 -7.1 27.6 40.3 13.1 21.0 11.3 11.0 6.7 20.4 10.5 30.6 37.1 18.8 3.3 5.0 -7.4 -13.6 -2.7 -8.5 17.5 -6.9 4.2 -6.3 -5.7 -2.9 -10.5 -7.3 -17.2 -10.4 -23.0 -18.5 14.5 2.9 5.2 6.4 -25.1 -4.6 -5.6 9.4 -8.8 16.2 20.4 4.8

4.9 5.5 1.6 -0.3 1.3 -1.2 10.0 6.9 21.9 0.3 -3.0 0.3 13.3 0.9 10.8 0.9 -2.3 -7.8 7.8 5.0 4.0 7.5 -5.8 -1.1 1.6 4.5 2.6 11.1 15.4 5.4 15.3 14.5 7.4 15.0 13.7 20.4 15.5 20.8 48.7 22.4 1.7 10.9 39.4 12.6 27.1 11.4 14.7 1.8 22.0 27.8 10.4 21.5 12.5 8.8 8.8 18.4 12.6 24.3 33.5 16.8 3.5 6.2 -6.7 -16.0 -4.2 -11.4 17.4 -5.6 18.7 -8.9 -1.3 -4.2 -7.5 -5.9 -10.4 -12.5 -22.8 -22.9 9.1 -8.9 5.0 8.0 -27.5 -8.6 -5.5 6.8 -3.1 15.6 18.1 1.5

3.8 4.2 -2.1 0.8 2.2 -1.1 7.8 4.2 26.3 -3.4 -1.5 -2.0 11.8 -0.2 10.4 1.1 -1.1 -4.6 12.1 -8.8 3.5 5.6 -6.0 -0.9 0.9 8.6 -0.3 8.3 14.9 3.1 14.4 14.8 9.2 20.6 14.1 19.2 15.0 17.4 55.5 14.9 8.2 11.8 36.5 10.6 36.4 9.8 17.7 13.1 20.9 2.5 10.2 20.8 11.0 8.8 8.1 30.0 3.9 19.4 36.4 4.5 1.0 2.6 -14.7 -15.0 -2.4 -14.1 12.7 -10.0 21.0 -13.7 -5.4 -9.7 -9.0 -7.3 -18.5 -10.6 -21.1 -22.0 18.4 -15.3 4.1 2.8 -27.4 -9.0 -5.8 5.3 -4.3 15.8 12.2 5.0

4.2 4.4 -2.1 -0.3 2.2 0.6 7.3 8.1 26.1 -3.2 -0.8 0.3 12.0 -0.8 5.3 2.4 -2.7 -4.4 12.5 6.7 4.1 7.0 -3.9 -0.3 0.6 6.8 1.5 7.4 15.6 4.1 15.7 15.2 5.1 16.7 14.7 28.3 14.3 16.8 59.9 15.4 9.5 17.3 36.0 8.7 23.3 15.4 14.7 11.5 22.1 32.3 10.8 21.1 14.4 7.6 7.2 17.3 5.8 21.8 30.4 13.8 2.1 3.2 -10.6 -14.6 -3.6 -14.7 12.6 1.6 14.7 -15.2 0.6 -8.6 -8.3 -7.3 -18.8 -11.1 -22.0 -17.4 21.1 -3.0 4.7 4.3 -25.4 -6.2 -6.3 12.5 -2.2 11.7 23.2 7.1

2.8 2.3 -5.1 1.4 1.0 -4.2 4.2 6.1 29.2 -5.0 -3.4 -2.2 11.6 -1.5 11.9 2.1 -0.6 -11.2 16.0 -0.5 4.5 1.7 -3.8 -0.5 0.4 5.6 2.2 3.2 17.2 7.7 14.1 12.3 0.2 19.8 14.0 18.9 9.9 16.3 52.2 11.6 5.3 14.2 35.8 9.3 38.9 14.2 17.9 -9.5 26.7 24.6 14.3 14.5 15.0 10.1 7.4 17.8 9.7 18.3 36.6 19.5 -1.0 -0.3 -14.2 -14.8 -5.6 -17.7 7.6 -1.6 14.1 -18.3 -1.2 -12.0 -12.3 -9.7 -20.4 -10.3 -20.9 -16.6 23.8 -13.0 3.2 -2.4 -24.3 -8.2 -7.2 7.9 -1.4 7.9 20.0 4.8

0.6 0.5 -2.1 2.4 0.1 -3.5 3.1 3.5 14.9 -4.6 -4.0 -4.3 10.2 -3.0 4.7 1.7 -3.3 -7.7 13.4 -4.7 3.0 -0.4 -7.2 -2.3 0.6 6.7 -1.9 4.3 9.9 2.3 10.9 9.8 1.0 21.3 8.0 20.6 10.8 15.8 34.6 14.9 3.4 8.1 36.8 6.5 23.2 15.1 17.7 2.6 23.7 17.9 11.2 10.5 8.0 5.0 7.3 19.8 -2.0 14.4 30.2 11.9 -3.2 -1.7 -5.6 -12.6 -3.3 -16.8 4.7 -9.1 6.6 -19.6 -1.9 -11.8 -11.4 -10.5 -27.3 -13.3 -25.8 -13.2 16.3 -15.1 4.0 -0.3 -28.8 -10.1 -6.0 7.4 -5.1 8.4 4.7 -2.2

TABLE 2 (continued) : Monthly

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

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

PRODUCTION TREND OBSERVED IN RECENT MONTHS (Question 1)

EXPORT ORDER BOOKS (Question 3)

Ave.

Date

Value

07-93 07-93 10-01 08-93 08-93 01-15 07-93 06-93 02-09 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 03-09 04-09 10-01 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 04-09 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

23.2 25.2 26.1 35.2 46.3 33.1 31.3 38.7 31.1 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 -46.0 -47.2 -39.4 -38.6 -58.0 -46.5 -47.7 -53.0 4.9 -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 -62.1 -63.6 -63.3 -68.5 -58.1 -61.6 -63.6 -66.9 -95.3 -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

9.0 8.4 5.2 -2.1 10.2 8.7 8.5 0.4 6.8 12.0 13.4 11.1 0.0 6.1 -12.7 1.6 5.6 11.5 1.3 7.4 5.0 8.3 -0.9 3.5 3.8 9.9 3.3 1.7 13.2 15.2 1.1 0.0 0.0 -1.2 12.7 10.3 -0.1 9.5 34.6 7.7 -2.2 4.3 6.1 -12.9 -10.3 2.0 3.6 -1.7 -0.7 13.0 3.8 13.3 1.9 -5.1 6.4 9.4 14.6 11.3 12.7 2.6 -17.7 -17.9 -20.4 -42.3 -4.5 -5.5 -19.9 -6.9 -10.8 -16.7 -20.6 -14.8 -38.0 -18.7 -32.3 -31.1 -34.4 -25.3 -16.5 -26.5 -7.4 -21.6 -52.5 -15.6 -11.7 -12.7 -10.7 -13.4 -2.7 -15.1

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

03-11 03-11 03-10 06-97 04-00 02-10 09-90 12-06 12-18 05-13 11-17 03-10 01-18 06-10 09-01 02-14 06-11 03-95 05-09 06-05 03-11 02-18 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 01-11 06-01 03-00 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 05-07 06-00 03-07 09-00 05-07 01-18 03-01 04-00 03-95 06-17 06-00 10-18 02-95 04-16 03-07 08-07 04-00 12-00 09-07 09-00 03-90 12-18 01-95 11-03 12-17 01-94 04-95 08-91 01-18

-0.5 -1.7 -11.2 -20.5 -11.5 -28.5 -9.0 -20.9 -21.2 -1.2 -1.2 -5.7 -14.8 -5.4 -34.9 -14.0 -17.3 -23.6 -17.5 -14.7 -0.8 -6.9 -22.1 -13.9 -10.9 -7.4 -27.1 -23.7 -12.9 -5.0 20.8 19.2 20.6 32.0 78.6 41.8 28.7 56.2 66.4 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 5.0 6.2 7.4 -18.9 26.7 27.6 12.3 25.4 33.3 11.9 6.6 25.9 -8.6 18.5 10.6 -10.9 28.1 50.3 5.9 23.9 9.6 11.5 -31.1 18.8 3.5 19.5 52.6 31.8 44.4 25.0

0.8 0.1 3.7 -2.9 3.2 8.6 -3.1 -8.3 0.8 4.2 0.8 6.4 -12.8 2.5 -12.1 -4.6 -0.9 5.9 5.4 -0.9 3.4 -6.9 -0.3 2.5 -2.6 12.7 -15.3 -2.6 0.7 5.4 18.1 17.3 8.8 15.5 13.3 28.4 18.8 16.6 39.0 10.6 7.1 21.5 28.5 5.1 12.8 11.8 14.4 10.2 21.7 41.6 16.6 39.2 17.8 10.9 10.8 30.7 15.4 29.7 20.7 24.5 2.2 3.2 3.1 -23.8 -4.3 -12.3 10.7 -5.4 -9.6 -0.4 -9.9 3.6 -14.7 -1.0 -14.9 -14.9 -28.6 -5.4 0.8 0.7 0.4 0.2 -32.7 -3.6 -4.5 18.0 -2.5 9.8 23.7 13.1

2.7 1.7 -0.6 -3.5 3.7 7.9 -1.8 -4.4 2.6 10.2 7.4 6.3 -4.3 3.7 -7.6 -4.6 1.1 5.1 0.6 5.2 3.5 -2.2 2.0 2.2 -2.0 8.8 -8.1 0.7 2.2 14.0 15.3 14.0 -1.3 12.9 16.1 13.5 12.8 10.3 33.6 12.6 8.9 20.7 26.1 2.9 10.4 11.7 6.8 0.4 22.8 28.2 17.9 33.9 14.9 6.3 10.2 23.1 16.4 32.4 30.2 22.0 1.8 2.6 -9.1 -23.4 -3.1 -11.5 8.9 -3.3 -12.8 -9.4 -0.1 1.6 -18.2 -0.9 -20.9 -13.6 -25.1 -10.5 1.2 -5.9 -0.8 2.2 -33.6 -2.8 -5.3 13.4 -2.7 8.4 26.4 13.5

2.2 1.1 5.6 -1.2 6.4 5.8 -1.6 -3.7 -9.3 5.0 4.8 4.9 -8.5 3.5 -10.3 -2.7 -1.4 6.8 7.2 12.5 4.9 -0.6 3.2 2.7 -1.6 7.1 1.2 -4.6 -2.3 12.8 11.3 10.1 -3.3 10.8 8.7 14.0 11.5 0.6 24.1 18.8 4.0 8.6 25.5 1.6 7.6 9.8 9.5 13.4 15.7 19.6 16.4 24.1 10.6 2.9 5.5 25.5 20.4 22.2 20.3 18.3 1.0 2.3 -8.1 -23.1 -4.9 -13.1 10.3 -3.7 6.3 -12.6 -6.5 0.2 -19.5 -5.4 -11.5 -13.9 -25.2 -25.3 -5.8 -3.3 -0.1 3.4 -35.0 -5.7 -7.4 8.3 -11.1 6.1 27.6 9.7

2.8 2.4 0.3 -0.5 5.2 8.1 -2.1 -1.8 3.9 1.9 8.2 8.2 -8.8 4.1 -6.4 -3.0 2.6 5.4 2.3 2.8 5.4 0.9 1.3 2.9 -1.3 8.9 2.9 1.2 -7.2 12.1 10.6 10.7 -0.8 1.4 11.1 22.3 11.9 8.5 35.9 2.5 4.5 8.9 26.0 2.4 14.6 8.3 10.6 4.2 21.4 20.2 15.2 25.6 10.2 6.1 8.5 26.4 4.3 19.1 18.0 5.0 2.0 3.7 -8.9 -23.8 -6.6 -8.3 10.1 -4.9 10.1 -9.3 4.0 0.2 -19.9 -4.3 -17.5 -13.0 -24.3 -22.6 -1.1 -4.3 0.8 5.1 -33.6 -7.4 -7.3 11.7 -11.4 11.5 25.6 8.2

2.4 1.9 0.2 4.7 5.5 6.0 -1.9 -6.3 -6.8 4.6 7.8 7.1 -11.4 4.3 -15.3 -3.5 2.0 -1.2 1.4 6.9 6.3 2.7 1.4 2.2 -1.2 12.6 1.5 2.2 -1.2 8.3 12.5 10.2 2.5 9.2 13.6 25.1 9.2 9.3 34.9 10.8 7.2 11.3 27.2 -0.8 10.3 8.4 13.5 0.8 21.2 29.5 16.5 21.8 9.6 5.1 6.1 27.8 18.3 32.1 22.9 26.7 1.1 2.8 -12.0 -23.5 -5.7 -18.2 9.1 -5.4 15.7 -6.6 -3.7 0.0 -9.7 -4.3 -35.7 -16.1 -29.1 -23.5 -4.6 -2.7 1.1 4.3 -31.7 -6.8 -6.0 14.9 -10.1 8.8 19.6 8.5

3.1 3.3 0.3 1.9 7.1 2.8 0.6 -4.7 6.9 2.8 7.7 8.1 -2.9 3.2 -13.6 -4.1 -3.9 6.4 1.3 -2.5 4.6 5.5 0.5 1.8 0.3 9.5 -3.2 -0.3 -2.6 5.2 12.9 11.4 2.8 7.0 18.6 21.3 12.5 3.2 32.3 12.0 10.4 13.1 15.7 -0.3 7.7 9.5 12.2 10.3 25.8 16.6 13.9 18.8 9.9 0.7 9.3 22.0 20.2 17.6 20.1 20.5 0.6 1.2 -10.8 -22.1 -7.3 -11.5 7.7 -11.0 7.7 3.9 1.4 -1.3 -19.4 -8.8 -7.4 -15.0 -26.0 -10.6 5.7 -4.6 -0.8 -3.8 -31.6 -4.8 -7.4 6.1 -9.3 7.4 16.5 15.2

2.6 3.4 -2.3 5.1 7.7 4.4 1.1 -1.6 -5.5 3.8 9.9 9.6 -4.5 3.6 -6.2 -4.7 -1.9 7.6 4.1 4.8 4.1 2.2 -1.6 1.8 -1.2 8.7 1.4 3.3 -4.3 0.8 10.2 8.6 7.4 9.2 16.9 25.3 7.4 3.2 34.4 11.1 5.2 14.8 19.2 -5.9 4.4 6.1 11.5 17.4 19.3 4.6 14.9 19.7 7.7 1.6 5.9 24.0 8.3 22.6 16.6 17.6 -1.2 0.1 -13.3 -22.8 -5.8 -9.5 8.1 -10.3 -2.1 4.2 -3.5 -3.1 -23.7 -11.2 -0.2 -13.6 -25.8 -8.8 -4.5 -1.8 -0.4 1.8 -33.5 -4.2 -7.5 7.7 -9.5 12.3 22.0 4.9

4.0 4.2 -4.2 -0.1 5.6 12.6 3.1 -5.4 1.7 12.7 9.5 6.0 -8.0 4.1 -15.8 -3.9 -1.2 2.5 7.9 3.7 3.4 7.1 2.3 3.4 -1.6 11.6 1.9 6.5 5.3 2.0 10.2 9.1 6.4 9.3 13.4 25.7 4.4 3.7 41.0 9.1 3.9 14.2 26.8 -1.7 10.3 7.2 15.5 -3.7 11.1 36.1 15.4 30.2 8.5 0.9 3.4 22.3 27.5 26.6 18.8 14.4 0.4 2.0 -10.8 -25.8 -6.0 -12.9 7.4 -3.8 27.7 -5.0 -1.4 -2.8 -15.5 -7.4 -18.0 -15.6 -23.1 -18.2 -2.3 -12.3 0.2 3.2 -33.6 -7.1 -6.3 5.0 -5.8 8.2 20.7 6.6

4.0 4.8 0.9 3.3 5.1 8.3 4.4 -5.2 -2.3 11.4 7.3 8.1 -7.8 4.1 -13.3 -4.1 -0.2 4.8 3.0 13.5 3.9 6.8 1.6 2.3 -0.4 9.5 0.4 10.2 3.9 0.2 9.6 8.2 -0.2 9.3 9.1 13.9 7.7 5.0 42.8 15.7 4.9 8.0 25.5 -3.9 17.7 4.4 7.2 6.6 18.8 10.2 9.4 16.8 3.4 0.9 4.2 12.3 28.0 26.5 24.3 18.1 -2.7 -1.3 -15.5 -24.4 -5.7 -15.1 4.4 -6.7 7.6 -11.7 -2.8 -4.4 -8.6 -10.4 -10.6 -14.5 -23.4 -18.2 -8.8 -20.2 0.4 -2.2 -32.1 -8.2 -6.6 2.9 -5.2 7.4 15.0 2.5

5.2 5.3 0.7 3.2 4.4 12.0 5.0 -5.9 -3.7 9.8 12.3 7.6 -8.3 3.7 -11.4 -2.8 0.7 7.4 5.8 9.3 3.1 4.3 0.8 2.3 -0.9 9.5 -1.1 11.2 6.9 8.6 10.7 9.2 5.6 6.5 5.7 22.7 10.7 13.9 30.0 13.3 5.5 10.3 28.3 -5.5 4.2 11.0 14.9 2.3 18.0 19.7 10.0 22.9 7.8 4.5 5.7 16.4 9.6 23.9 28.9 17.2 -3.0 -2.1 -10.1 -22.8 -6.6 -18.3 2.0 -1.8 13.9 -11.7 -2.3 -7.1 -14.7 -10.9 -16.8 -14.4 -27.2 -10.3 3.3 -12.7 0.4 -0.6 -33.0 -5.1 -6.6 11.2 -1.7 1.3 29.4 0.7

4.6 5.1 1.4 0.9 5.6 14.0 4.8 -3.5 -21.2 8.2 14.2 8.8 -11.3 4.0 -17.3 -2.4 -1.2 7.6 2.6 13.1 4.0 7.1 2.0 3.5 -1.0 9.0 1.8 16.6 4.9 1.1 8.2 5.7 3.3 7.6 8.7 17.3 4.7 18.3 35.1 5.2 1.4 5.9 24.0 -6.1 21.8 14.8 22.3 0.7 24.9 33.6 9.9 19.5 5.4 3.9 7.8 26.8 7.9 11.3 29.3 19.4 -4.2 -4.5 -14.2 -22.3 -8.0 -17.5 -0.8 -4.8 6.7 -20.3 -2.5 -8.5 -18.8 -12.0 -19.6 -13.4 -23.9 -11.5 -2.9 -16.6 -1.2 -7.1 -31.1 -7.2 -8.1 6.5 -1.3 -3.5 26.3 10.6

5.8 6.7 1.9 1.4 4.4 14.4 6.1 -3.9 -3.5 9.0 13.4 9.4 -5.2 5.0 -18.3 -3.4 1.8 12.6 -0.2 16.9 6.0 11.4 0.9 1.7 -0.5 7.1 -1.4 9.9 5.2 2.8 3.5 -0.2 2.0 7.8 8.4 19.7 -10.3 12.7 29.9 5.4 -0.5 8.5 25.8 -5.4 11.9 8.8 10.9 4.0 18.9 -3.0 8.0 14.7 2.8 0.4 7.9 17.9 36.3 12.2 30.5 17.7 -7.2 -5.9 -11.7 -21.1 -4.4 -12.8 -4.4 -9.8 -4.5 -20.9 6.1 -12.0 -18.3 -11.0 -20.0 -15.4 -25.5 -8.1 -5.1 -20.1 -0.4 -9.7 -36.7 -9.7 -6.7 5.3 -6.1 -1.1 2.8 -2.2

TABLE 2 (continued) : Monthly

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

Ave.

2019 Aug

Sep

Oct

Nov

Dec

Jan

03-09 -40.8 -8.6 12-17 12.8 11.3 10.6 10.0 9.2 9.7 8.3 7.8 EU 06-93 -39.1 -7.7 12-17 13.3 11.0 10.3 10.1 10.1 9.9 8.3 7.9 EA 03-09 -36.3 -7.5 10-00 8.8 3.0 -4.8 -2.5 -4.3 -0.7 -3.2 -3.9 BE 06-99 -45.3 -10.3 11-06 12.8 7.7 7.7 7.8 3.5 4.0 1.6 3.7 BG 02-09 -61.9 -7.8 02-11 18.3 10.8 12.9 7.5 10.4 7.3 8.4 8.3 CZ 04-09 -42.1 -1.3 07-17 23.1 13.2 4.8 8.3 12.4 18.0 9.6 11.3 DK 06-93 -52.1 -9.7 03-11 18.7 14.1 13.3 14.4 12.1 13.1 11.7 10.9 DE 04-92 -77.8 -5.8 11-06 22.2 7.6 13.8 13.2 10.4 12.1 8.5 6.4 EE 02-09 -73.7 8.0 05-18 53.7 32.3 31.6 27.8 53.7 28.2 27.8 28.7 IE 08-15 -37.1 -5.1 08-17 14.3 1.9 -0.3 11.5 -1.4 2.6 8.2 10.6 EL 06-93 -51.9 -7.3 12-17 13.3 4.7 4.4 3.5 3.6 4.7 0.5 0.4 ES 03-09 -45.0 -12.7 01-01 12.8 3.0 4.5 2.2 3.1 4.0 1.2 2.3 FR 07-09 -28.2 -1.1 01-18 21.3 17.5 5.6 20.4 19.0 16.3 12.9 15.1 HR 08-96 -29.6 -4.4 11-00 11.6 6.0 4.9 5.1 3.8 3.0 3.9 3.3 IT 04-13 -37.2 0.8 10-07 50.9 0.3 6.8 10.9 3.0 1.8 2.8 2.9 CY 04-93 -50.2 -4.3 11-05 13.4 5.1 3.3 4.0 5.3 7.2 4.6 8.4 LV 04-94 -59.1 -14.3 06-18 18.6 6.9 11.7 11.3 12.5 18.6 16.8 13.1 LT 04-09 -72.2 -23.3 06-10 25.4 -5.9 -3.3 3.2 -7.6 -6.8 -4.0 -6.8 LU 03-09 -47.4 -2.9 02-18 20.4 20.4 12.3 16.2 17.3 16.0 15.3 16.4 HU 05-09 -40.1 2.5 03-18 52.9 42.4 52.9 25.0 30.1 46.2 44.4 25.5 MT 04-09 -37.8 -4.9 02-18 15.4 15.4 15.0 13.6 13.4 12.7 12.6 11.0 NL 03-09 -39.4 -1.7 12-17 24.2 16.4 18.5 14.1 12.4 16.5 13.4 12.8 AT 05-99 -50.7 -14.8 03-18 11.0 10.3 11.0 10.1 8.5 8.0 7.1 6.5 PL 06-93 -24.5 -3.8 10-17 8.8 7.3 6.8 5.7 5.8 4.7 4.0 4.3 PT 07-92 -70.9 -17.6 05-15 7.1 -0.5 -1.3 -0.2 0.0 -0.2 1.9 1.4 RO 04-09 -53.8 -13.6 01-18 25.4 25.2 21.7 24.4 25.2 17.4 16.5 14.8 SI 02-09 -57.1 -11.9 12-17 35.0 21.1 15.2 14.1 18.0 17.7 10.5 12.4 SK 06-91 -58.7 -14.4 02-18 22.3 22.3 14.6 18.0 14.0 18.9 14.8 10.5 FI 03-09 -60.1 -13.5 02-11 26.3 14.0 10.2 10.2 2.5 9.2 9.6 14.7 SE 03-09 -51.3 -11.3 10-17 18.2 13.9 15.1 10.2 4.0 9.9 9.0 4.7 UK SELLINGâ&#x20AC;&#x201C;PRICE 03-09 -14.1 5.7 03-95 26.9 13.2 12.4 11.1 10.8 11.3 11.1 11.8 EU EXPECTATIONS 03-09 -15.2 5.1 03-11 25.3 12.4 12.0 10.2 9.9 10.9 10.2 11.1 EA (Question 6) 04-09 -21.1 2.8 12-94 25.9 12.4 11.5 9.2 7.8 5.9 8.9 9.7 BE 08-09 -5.5 18.4 11-96 90.6 4.0 4.2 3.9 1.0 0.9 1.9 2.0 BG 01-09 -17.4 10.9 03-95 69.9 10.5 10.0 6.7 8.5 9.4 6.7 6.5 CZ 01-15 -19.5 1.1 01-08 26.4 -1.8 5.8 9.1 5.3 -1.4 9.0 3.5 DK 03-09 -12.8 5.4 04-11 28.2 14.5 14.2 14.6 12.1 14.6 15.1 15.9 DE 02-09 -36.9 12.3 04-92 86.3 19.3 17.3 12.5 10.1 11.1 9.4 12.1 EE 11-92 -11.9 11.8 11-03 41.6 6.5 11.6 11.8 21.9 23.8 19.5 21.2 IE 03-09 -18.1 9.9 10-90 40.6 3.0 -2.8 0.1 -4.5 -0.1 5.5 7.3 EL 03-09 -20.3 1.0 03-95 33.0 10.7 7.2 4.8 1.3 1.1 1.6 1.7 ES 01-99 -24.7 1.6 03-11 32.9 13.1 14.2 4.8 9.0 7.2 2.5 7.3 FR 02-09 -21.9 0.7 07-08 30.9 11.7 8.6 6.9 11.0 11.8 11.2 11.1 HR 03-09 -13.2 8.0 03-95 39.9 9.8 6.8 7.5 7.2 6.7 5.7 5.4 IT 04-13 -18.5 2.7 10-03 38.7 -0.1 -0.5 -1.1 0.9 4.6 -4.8 0.6 CY 02-09 -25.8 13.0 07-94 51.5 14.2 13.1 10.3 9.6 8.7 10.5 9.2 LV 04-09 -36.2 9.0 11-93 75.0 2.0 7.6 12.8 6.2 9.9 9.7 7.6 LT 08-91 -52.5 -3.8 12-94 51.2 20.3 8.9 10.1 6.4 21.3 20.4 17.6 LU 01-09 -17.3 13.6 01-01 49.4 20.7 16.4 13.5 15.3 15.9 16.4 16.0 HU 12-04 -41.7 -10.0 12-03 36.1 7.2 2.5 -13.4 10.0 -7.9 4.1 -5.7 MT 04-09 -14.3 7.2 03-11 25.7 13.2 13.7 10.6 11.1 12.6 13.3 10.5 NL 03-09 -28.7 2.0 03-11 30.3 16.4 20.2 15.8 14.1 18.6 12.9 12.6 AT 04-09 -5.9 11.1 06-93 40.8 10.1 8.7 7.9 6.6 8.0 9.7 9.9 PL 01-09 -24.3 4.2 10-90 27.3 3.8 3.5 2.8 3.0 4.3 2.1 3.3 PT 01-16 -3.3 30.5 10-93 91.2 16.0 12.3 12.3 10.0 10.2 8.4 8.9 RO 03-09 -32.1 -2.8 03-11 25.9 12.7 13.4 8.1 9.6 10.0 10.3 8.4 SI 07-11 -44.4 15.9 04-95 81.2 2.6 2.3 0.8 -1.0 -2.6 10.1 8.6 SK 03-09 -30.7 4.5 08-94 51.2 19.1 17.3 15.3 18.8 22.2 19.5 24.6 FI 06-09 -17.7 7.5 12-94 40.7 24.8 20.3 24.0 21.1 18.5 20.8 19.6 SE 01-99 -28.2 5.6 07-08 40.9 20.3 16.5 16.6 19.0 16.4 17.9 18.0 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.

7.5 8.1 -4.8 2.6 5.9 -4.9 11.3 11.3 28.5 2.4 2.1 1.2 21.1 4.0 1.9 5.7 11.4 -9.2 12.8 32.5 11.5 12.6 5.5 3.4 1.3 14.4 9.3 15.0 15.5 4.1 12.4 11.9 9.2 1.7 9.8 8.6 16.5 12.0 14.7 5.1 6.6 9.1 12.0 5.3 5.6 9.9 8.0 23.8 15.0 -5.7 11.2 17.4 8.8 3.6 8.2 9.6 -0.3 24.6 19.8 17.5

7.0 7.8 -2.9 2.0 4.0 2.0 10.6 9.4 36.5 4.0 -2.0 0.3 15.2 3.8 5.3 4.6 10.0 -6.6 15.3 4.6 13.9 10.5 3.9 2.5 -1.2 16.8 7.2 14.6 13.3 2.6 11.2 10.4 9.9 1.9 10.6 6.3 14.4 13.8 22.6 4.4 -3.4 7.7 7.2 5.5 0.1 7.0 8.2 26.8 19.8 -5.5 12.9 14.4 8.4 1.9 8.5 8.8 2.8 26.0 21.2 15.7

7.0 7.6 -2.1 3.2 6.5 10.9 9.7 10.6 41.7 4.9 5.7 -1.6 19.0 2.4 0.0 6.0 11.5 -7.0 16.9 18.6 11.1 11.2 7.4 5.2 0.1 15.3 3.1 11.7 8.4 1.5 11.9 12.2 7.3 2.6 7.7 0.3 17.3 10.7 26.7 6.6 4.4 9.4 14.7 3.7 7.0 6.7 5.1 22.1 22.0 -3.4 12.1 14.5 9.6 1.6 8.2 9.2 0.8 17.1 20.4 10.9

6.5 6.8 -1.0 -0.1 5.6 11.4 8.6 9.7 17.5 5.4 4.7 4.0 11.9 3.0 1.7 7.3 13.5 -15.0 14.7 5.4 11.0 9.8 6.9 5.7 1.4 21.4 0.1 8.2 6.0 3.7 12.4 13.0 1.6 1.6 6.9 3.2 21.1 13.1 25.0 3.1 7.0 5.7 14.6 3.9 3.4 7.4 13.1 19.5 21.2 -13.1 14.1 13.4 10.1 1.7 9.7 9.1 1.9 8.8 17.3 10.1

4.1 4.9 -1.8 1.9 2.8 11.8 4.2 6.8 34.0 7.0 3.6 0.7 16.5 2.7 2.1 5.8 11.6 -3.9 13.2 14.6 12.7 6.4 3.7 3.3 0.1 17.8 -7.8 0.2 5.3 -3.9 11.3 10.9 3.6 6.4 12.3 9.5 18.9 7.7 13.6 2.8 -1.6 9.0 9.8 1.9 -1.6 8.1 10.7 -4.8 21.4 -6.2 14.3 14.9 16.1 2.0 8.9 8.6 -13.4 12.2 14.7 9.5

EMPLOYMENT EXPECTATIONS (Question 7)

Value

2018 Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

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 II-09 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

69.9 69.4 70.2 52.0 70.9 70.9 69.7 52.2 68.1 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. 80.7 81.0 79.9 64.3 82.4 81.2 83.9 69.1 77.3 73.3 77.7 83.3 70.2 75.2 59.3 64.7 64.4 79.6 80.7 76.3 82.4 85.3 73.8 80.9 78.6 80.8 80.5 82.3 83.9 80.4

2017

2018

2019

Max. Date

Value

III

II-07 II-90 I-01 I-19 II-08 III-07 IV-90 I-06 I-96 IV-00 II-98 IV-07 I-19 I-90 III-08 III-18 I-18 I-07 III-07 II-06 II-90 IV-00 II-18 III-07 II-07 II-07 I-07 I-95 IV-06 II-95

84.7 84.9 84.8 78.5 91.2 88.9 90.0 79.4 84.5 79.2 82.0 87.7 77.5 79.8 70.8 77.4 77.8 88.2 87.2 94.9 86.2 88.9 83.4 86.9 86.4 86.2 88.6 88.8 88.4 84.8

82.3 82.5 81.4 75.6 83.1 80.1 86.1 76.4 77.8 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

83.0 83.4 82.0 74.6 84.4 80.5 86.9 73.9 82.4 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 87.7 74.8 78.9 71.2 79.1 85.2 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 84.7

83.8 84.2 82.1 76.3 85.8 81.1 88.2 75.5 77.0 70.4 79.7 86.2 74.2 78.3 60.4 75.8 77.8 83.1 84.9 81.1 83.9 88.8 82.7 81.6 77.8 85.0 83.7 83.1 86.9 81.4

83.8 84.0 81.2 76.3 85.4 81.1 87.8 73.9 76.1 71.2 80.3 85.9 72.2 78.1 60.9 76.3 77.5 82.0 84.4 77.6 83.6 88.7 83.4 81.4 75.6 86.0 86.3 84.3 88.4 83.3

83.6 83.8 79.9 77.1 86.2 80.7 87.8 75.2 74.6 70.7 79.3 85.9 75.9 77.9 61.8 77.4 77.2 80.8 85.8 83.2 84.4 88.7 83.3 82.0 76.2 84.6 84.0 84.7 88.2 82.2

83.2 83.6 80.8 78.3 85.8 80.8 87.1 73.0 77.0 70.9 78.6 85.7 75.6 77.9 62.5 75.9 77.4 79.7 86.6 79.1 84.0 88.5 82.4 81.2 75.1 85.6 87.6 84.1 88.0 80.1

83.2 83.6 81.5 78.5 85.8 81.4 86.3 75.2 80.3 70.2 80.8 85.4 77.5 78.4 61.5 77.0 77.5 80.1 85.4 77.1 84.4 87.0 81.6 77.8 75.7 85.2 88.2 83.2 88.0 81.4

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

I-18 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-18 IV-00 IV-00 I-18 III-00 IV-03 III-07 III-04 III-95 III-18 IV-17

2.2 1.0 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 -13.0 -3.2 -11.3 -5.6 -10.8 -14.3 -11.6 -12.5 -21.0 -19.2 7.2

Ave. 17.5 16.2 25.1 8.7 9.5 17.0 15.4 12.7 : 18.6 9.6 14.6 10.1 27.0 -11.2 9.7 18.4 21.2 29.7 12.0 3.3 11.1 19.5 7.0 13.1 15.8 6.4 21.1 10.9 26.8

2017

2018

2019

Max. Date

Value

III

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

49.7 50.1 55.3 23.6 51.0 57.7 59.8 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

9.0 8.6 7.5 -4.4 12.8 16.0 6.1 -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 16.2

5.4 6.0 10.3 -1.1 9.5 3.2 0.4 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 9.3

3.5 3.5 5.9 -0.1 10.2 11.6 -3.6 0.8 : 21.5 6.2 -2.0 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 7.2

2.2 1.7 8.2 -0.6 8.0 10.3 -8.2 -1.9 : 21.9 11.2 -3.6 6.3 21.2 -6.9 3.5 4.5 5.8 10.4 -3.8 1.8 -3.1 -5.6 1.3 1.6 -10.1 -4.0 2.0 -16.7 11.1

2.8 2.5 11.3 0.4 8.1 8.2 -6.1 10.1 : 31.5 9.7 -5.6 4.1 22.9 -10.0 3.2 -1.0 2.5 13.5 -13.0 -1.2 -5.5 -4.6 1.4 -0.3 -8.7 2.4 -9.8 -18.9 11.3

3.6 3.8 14.4 8.2 6.1 5.7 -2.5 2.3 : 25.5 5.4 -3.4 9.8 20.7 -13.2 1.0 3.7 3.5 9.2 -1.6 0.1 -0.7 -4.3 5.4 0.2 -6.5 11.1 4.3 -19.2 12.3

3.6 3.8 11.3 2.3 8.2 1.1 -2.7 12.7 : 20.6 6.1 -3.2 11.1 23.1 -18.4 1.2 0.1 9.0 8.6 14.5 0.0 -0.3 -4.0 8.7 -0.6 -4.3 2.2 0.9 -17.5 12.2

6.7 6.8 13.3 9.1 7.5 3.7 4.3 5.1 : 20.7 5.2 -0.8 3.2 24.1 -15.6 2.4 0.8 10.3 9.7 14.4 0.1 2.2 -3.1 7.5 -1.0 -2.1 -1.9 2.0 -13.3 19.1

TABLE 2a (continued) : Quarterly survey of manufacturing industry (s.a.) (Data collected in January, April, July and October each year.)

Estimated number of monthsâ&#x20AC;&#x2122; 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

IV-96 IV-96 IV-03 IV-99 I-13 IV-12 III-09 II-12 : III-10 IV-18 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 2.3 2.7 : 3.6 0.5 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. 3.6 3.2 3.4 4.0 9.6 2.3 2.8 4.1 : 5.0 2.7 3.5 4.4 3.8 2.4 3.3 2.9 3.0 4.5 5.9 2.9 4.8 10.8 3.1 6.8 4.3 6.4 2.9 3.4 3.4

2017

2018

2019

Max. Date

Value

III

IV-15 III-17 II-90 II-03 II-01 III-08 I-18 II-02 : IV-00 IV-06 I-19 II-18 IV-17 IV-10 IV-18 III-06 I-18 III-08 II-18 I-19 II-08 IV-13 IV-07 II-07 IV-18 I-01 II-18 I-16 III-18

4.7 4.1 4.5 6.6 23.7 3.5 3.5 7.2 : 6.6 4.7 4.9 5.8 6.2 5.0 4.3 3.6 4.2 6.5 11.5 4.3 5.9 21.2 5.1 9.1 5.1 9.6 5.2 6.0 4.9

4.4 3.7 3.7 4.1 7.9 3.1 3.1 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 5.3 4.1

4.5 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 5.1 3.7

4.5 4.0 3.8 4.2 8.0 3.0 3.0 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 5.1 3.7

4.5 3.9 3.8 4.1 8.5 3.2 3.5 3.6 : 4.4 1.0 4.6 5.4 5.9 3.0 3.9 3.0 4.2 5.8 4.0 3.9 5.2 11.0 3.9 7.1 4.7 6.1 3.9 4.8 4.1

4.5 3.9 4.0 4.1 8.6 2.7 3.4 3.7 : 4.5 1.1 4.3 5.8 5.7 2.6 3.5 2.9 4.2 5.7 11.5 4.0 5.1 10.6 3.9 6.5 5.0 6.2 5.2 4.8 4.5

4.4 3.9 4.0 3.7 9.1 2.9 3.4 3.7 : 4.8 0.6 4.8 5.6 5.7 2.4 3.6 3.0 4.0 5.4 4.3 3.9 5.3 9.3 3.9 6.3 4.9 6.2 4.6 4.0 4.9

4.2 3.8 3.9 4.0 8.5 3.3 3.4 3.3 : 5.1 0.5 4.8 5.3 5.5 2.4 4.3 3.0 4.1 6.1 9.7 4.0 4.9 8.9 4.1 6.1 5.1 6.0 3.6 4.1 4.0

4.4 3.9 4.0 4.5 8.5 3.1 3.2 3.6 : 5.3 0.7 4.9 5.6 6.0 2.1 3.4 3.1 4.2 5.2 11.4 4.3 4.9 10.4 3.9 6.4 4.8 6.2 3.5 3.6 4.2

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

-43.2 -43.8 -26.5 -39.1 -51.4 -60.0 -53.6 -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. 0.9 0.9 -2.7 2.6 9.3 6.7 -2.3 8.9 : 4.3 4.7 0.9 11.3 0.6 -16.8 4.6 4.6 -8.9 -1.3 14.8 6.2 8.6 0.3 -4.6 0.5 9.7 23.0 7.4 7.7 -1.8

2017

2018

2019

Max. Date

Value

III

I-11 I-11 IV-97 II-98 IV-06 III-94 I-11 I-07 : IV-97 IV-14 II-00 II-18 I-95 III-08 IV-03 II-11 I-00 III-18 III-07 II-11 II-11 II-07 IV-94 III-03 III-06 IV-07 III-94 IV-94 I-95

21.8 21.9 19.8 31.4 42.6 37.7 28.6 44.4 : 23.0 16.8 37.2 37.4 28.5 28.2 22.3 30.7 29.4 26.1 48.2 22.2 40.2 25.3 28.5 21.0 35.8 53.5 49.0 41.2 28.5

15.2 15.2 7.2 7.7 5.4 16.2 17.2 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 21.5

15.9 16.8 -2.9 7.7 7.0 12.4 20.1 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 14.1

17.7 18.5 -0.5 10.2 9.1 12.9 22.8 15.0 : 2.7 1.8 18.9 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 15.1

17.8 17.7 4.6 12.9 9.6 19.8 15.1 9.2 : 5.5 11.8 23.2 30.8 17.0 11.9 16.3 15.2 16.3 12.9 39.6 14.2 33.0 13.5 12.1 3.9 34.1 10.3 14.9 25.3 22.7

14.7 15.3 -0.5 7.9 13.6 11.3 15.2 1.6 : 4.8 11.2 17.6 37.4 11.6 7.1 11.2 11.4 -2.7 15.9 32.2 16.7 23.7 8.2 3.9 1.1 22.6 18.4 19.1 23.4 13.9

11.9 11.6 -2.3 9.4 14.5 16.9 12.1 6.5 : 9.6 6.2 11.5 29.2 7.7 14.8 12.0 12.8 4.4 26.1 43.2 14.4 18.8 10.4 1.7 1.4 23.2 12.5 23.1 13.5 12.8

3.3 2.4 -1.0 5.5 8.8 12.0 -8.5 -1.3 : 6.1 14.0 0.9 27.2 3.5 11.4 8.2 3.9 9.7 18.3 -0.1 11.1 14.5 2.6 -0.4 0.5 19.5 21.5 18.0 19.2 1.3

-2.1 -4.0 3.0 9.9 9.9 9.8 -14.0 3.1 : 2.6 -6.3 1.0 29.7 -1.7 10.7 13.2 8.2 6.0 14.1 -8.4 9.7 9.9 0.0 -3.4 1.5 19.0 19.6 -2.0 12.2 -0.5

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

-26.8 -29.2 -18.6 -1.7 -41.4 -23.0 -32.4 -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. 8.2 7.9 6.2 16.4 20.7 10.3 7.4 13.0 : 18.7 5.2 3.9 21.4 11.0 2.3 10.6 10.9 -4.9 9.8 19.8 6.9 8.6 12.4 11.2 10.3 21.2 25.4 9.6 18.7 5.1

2017

2018

2019

Max. Date

Value

III

IV-94 I-11 IV-06 III-95 IV-97 I-19 I-11 III-00 : I-00 IV-16 II-00 III-15 I-96 III-18 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 IV-17

19.8 19.9 19.1 38.8 55.0 26.9 24.7 37.6 : 36.2 16.7 23.4 37.7 25.1 48.7 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 30.6

14.3 14.5 8.0 12.3 10.0 14.1 17.2 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 18.1

16.6 16.0 5.9 12.8 8.4 10.3 19.1 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 28.0

18.7 17.7 18.0 16.3 24.9 22.0 20.8 15.8 : 15.2 -4.6 20.9 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 30.6

17.3 16.1 13.1 16.6 15.9 12.0 15.2 17.0 : 23.6 5.7 18.9 36.5 16.9 21.7 9.4 5.2 10.1 16.4 36.4 12.7 15.7 15.5 7.0 8.0 26.7 9.9 25.2 16.0 29.5

14.5 15.3 13.7 15.4 18.2 18.7 16.6 7.9 : 12.3 9.8 12.5 30.5 13.6 31.1 8.5 17.6 -8.1 20.5 -4.8 8.9 9.4 11.9 2.4 6.2 25.3 29.5 7.8 16.0 7.6

14.0 13.9 8.2 13.2 13.4 20.3 13.5 14.9 : 28.2 9.2 12.9 35.3 11.2 48.7 8.7 13.7 9.6 17.5 33.0 11.5 14.5 10.1 6.0 4.5 25.2 26.5 26.7 21.1 11.8

10.2 10.1 8.0 8.8 14.7 14.6 7.3 9.8 : 18.1 15.1 9.7 28.5 9.2 28.0 7.3 8.8 7.7 16.5 -7.2 4.5 8.4 9.0 3.6 5.3 25.0 25.1 31.2 18.2 6.1

7.3 5.8 -1.1 13.2 4.8 26.9 5.7 0.9 : 10.2 -10.5 11.1 24.8 6.1 27.8 8.5 18.2 -7.6 16.8 14.1 7.9 3.4 5.7 0.5 2.1 19.4 21.4 13.3 11.1 14.5

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 II-09 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

-9.7 -9.5 -22.3 -10.5 -14.7 -37.3 -9.4 -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. 0.4 2.0 -5.4 1.4 5.0 -6.5 3.0 3.1 : 3.8 7.2 -2.1 6.7 0.8 -4.0 5.0 0.3 -5.0 -0.7 -4.7 0.3 6.0 -4.2 5.4 2.5 -5.3 2.8 -4.0 -3.9 -5.5

2017

2018

2019

Max. Date

Value

III

IV-00 IV-00 III-16 I-07 III-01 II-07 III-97 I-11 : I-19 II-15 IV-97 III-18 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

8.6 11.5 9.6 16.8 26.6 11.3 14.0 13.0 : 14.5 18.9 16.2 21.3 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

7.2 5.2 -1.5 2.3 3.4 2.6 5.3 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 31.9

7.1 5.3 -3.6 0.3 -3.5 -1.5 5.6 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 25.6

5.9 4.4 1.6 -1.0 -4.2 -0.7 6.8 8.4 : 9.2 1.1 1.2 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 24.7

4.7 5.3 -0.7 3.0 -0.2 -1.6 7.7 3.0 : 8.7 5.0 0.8 15.6 7.1 39.0 0.3 0.3 -16.0 1.5 -5.6 2.9 4.7 0.3 2.4 1.6 7.0 7.4 0.7 6.9 5.9

1.6 2.3 -2.8 0.8 2.5 3.8 3.3 5.0 : 2.5 11.4 -6.0 11.5 4.8 33.5 -2.9 -7.6 -12.5 6.5 -11.0 2.9 6.2 -1.1 1.7 3.4 1.4 4.3 -16.9 10.7 -7.4

3.9 3.5 -4.6 1.4 1.9 0.3 4.7 2.3 : 10.9 11.6 -2.4 21.3 3.5 3.3 0.4 -8.2 -4.3 2.8 -5.6 3.8 1.0 -1.0 3.1 1.9 0.7 1.3 2.6 11.1 8.5

2.5 2.7 3.9 3.4 7.2 1.5 -1.8 -0.8 : 10.3 15.0 -3.4 9.6 4.1 -17.5 -2.8 -6.6 -7.1 1.1 -0.2 2.6 4.3 -3.8 4.4 2.3 -4.3 15.3 -7.9 14.7 -0.5

-0.3 -0.7 -6.5 6.0 3.0 -6.9 -2.1 -2.5 : 14.5 8.7 -6.8 9.4 0.8 -3.9 -0.2 -4.4 -5.1 0.0 4.2 1.5 0.7 -1.8 1.5 4.0 1.0 13.1 -7.6 0.6 3.0

(*) 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 (â&#x20AC;&#x201C;). 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.

TABLE 3: Monthly

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

SERVICES CONFIDENCE INDICATOR (a)

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

Ave.

Date

Value

03-09 03-09 04-09 06-10 09-09 02-13 12-02 02-09 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 02-09 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 04-09 04-09 06-10 08-09 04-13 01-03 04-09 02-09 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

-29.9 -25.2 -42.9 -13.6 6.4 -10.1 -19.9 -50.3 -30.9 -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 -34.9 -30.6 -55.1 -14.1 25.2 -16.2 -38.8 -54.0 -50.8 -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 -30.4 -26.4 -45.0 -25.0 -13.0 -13.5 -26.5 -60.8 -36.8 -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

9.6 10.1 12.2 10.6 33.8 6.5 18.3 9.6 25.0 8.5 11.4 -0.3 3.8 4.3 4.4 4.5 9.1 : -4.6 23.1 6.8 15.2 3.5 1.5 11.7 14.7 22.6 14.5 20.6 4.5 4.7 6.5 2.1 8.3 55.5 3.6 16.8 11.7 16.1 1.9 7.0 -3.4 -1.2 4.4 -2.9 3.2 8.5 : -5.6 20.9 -15.4 11.8 2.5 -1.4 13.6 22.0 18.3 8.5 16.1 -9.0 8.6 9.0 11.7 4.2 21.1 5.9 16.5 9.1 20.3 9.9 4.0 1.3 1.7 -2.1 2.2 2.6 9.3 : -6.8 24.1 18.5 17.8 1.0 0.1 9.7 8.1 22.1 17.9 19.8 6.9

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

06-98 06-98 08-07 03-07 02-07 05-10 03-99 01-06 05-16 08-00 06-98 01-90 09-16 04-00 01-18 12-06 07-06 : 04-18 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 05-16 09-00 04-00 12-04 11-16 04-00 01-18 04-03 03-03 : 05-02 05-07 05-07 03-18 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 05-16 06-01 06-98 01-90 05-18 03-01 12-18 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

33.8 35.3 32.2 33.4 52.6 28.6 50.1 38.3 56.0 58.7 54.0 16.2 25.9 33.1 45.3 20.9 34.3 : 17.9 65.2 46.5 33.4 22.7 24.6 56.2 38.0 62.6 51.1 53.0 36.1 34.3 42.1 31.7 46.1 74.7 26.3 59.3 47.4 54.0 54.7 64.9 18.4 26.2 55.9 40.2 20.4 50.9 : 17.9 75.7 49.7 33.4 20.3 21.6 67.0 56.8 63.2 112.4 52.9 26.9 31.3 35.0 35.7 29.2 43.9 32.8 41.2 48.6 59.4 67.7 53.8 18.9 28.4 22.7 49.3 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

16.4 17.5 18.3 15.8 38.6 16.7 22.2 15.8 41.2 18.9 23.8 6.8 19.3 12.9 40.1 6.1 29.5 : 16.0 29.8 16.0 30.9 8.9 15.0 11.3 24.7 7.3 27.9 28.2 10.9 12.2 15.7 12.0 13.1 61.9 10.3 19.6 20.8 33.7 20.1 19.5 6.4 15.1 14.2 26.8 7.1 25.8 : 10.6 27.2 14.1 28.8 6.9 14.0 9.6 37.6 -4.7 28.1 23.1 -5.6 18.8 19.0 20.4 11.9 27.5 19.4 26.0 20.5 35.2 13.8 21.3 9.5 19.2 12.2 48.0 7.6 34.4 : 9.3 37.5 18.8 40.1 7.8 14.1 15.9 20.1 3.1 26.9 28.1 18.5

14.6 16.6 16.9 15.8 36.1 15.0 19.7 16.3 44.4 17.7 26.6 6.7 19.2 10.1 36.4 3.8 24.0 : 10.9 32.7 16.0 29.5 7.6 12.4 9.2 22.8 8.0 29.8 24.4 5.2 12.4 15.6 14.1 11.2 62.3 12.6 18.0 20.2 39.8 19.2 22.3 6.9 16.1 13.8 21.9 3.2 22.9 : 2.2 34.2 12.0 33.4 6.3 10.1 9.3 33.4 8.0 16.4 16.2 -3.8 14.9 17.1 20.2 13.6 24.7 15.3 19.6 20.3 42.2 14.3 22.8 7.8 20.9 11.4 40.8 2.6 25.8 : -0.8 37.6 19.0 34.1 5.2 9.2 9.3 15.8 7.0 36.2 25.0 6.6

13.2 15.4 23.1 20.5 37.7 10.6 17.7 10.0 45.7 23.6 22.5 5.9 20.8 9.8 40.5 1.1 26.6 : 17.9 29.4 14.6 27.2 7.4 9.8 6.1 24.4 8.7 22.0 24.5 1.9 10.1 12.8 14.6 19.9 60.4 9.2 14.2 12.0 42.0 27.2 18.7 3.1 19.6 10.4 33.1 -1.3 24.4 : 13.3 24.8 11.5 25.8 4.9 7.7 4.8 37.2 6.5 18.4 17.2 -4.6 13.6 16.3 23.9 16.1 26.9 8.9 20.7 10.7 42.1 15.5 18.1 8.7 17.8 9.8 46.0 2.5 26.4 : 9.4 34.1 14.9 32.0 5.7 7.6 6.9 15.8 5.6 23.0 24.2 2.3

13.7 14.9 12.6 18.9 37.1 10.2 18.5 7.0 44.3 25.1 24.5 3.2 24.5 9.6 32.6 2.7 29.3 : 8.6 40.2 16.7 24.2 6.8 14.0 10.2 24.8 7.7 23.7 22.7 7.5 9.3 12.6 10.0 17.0 62.4 6.6 13.5 4.0 37.4 25.5 17.6 2.2 20.5 14.6 20.0 2.2 24.7 : 8.7 30.9 11.7 26.6 4.0 13.6 8.7 39.7 5.9 11.2 10.5 -7.4 14.1 15.1 9.1 18.6 21.9 10.2 20.5 2.9 42.7 25.3 20.6 4.2 28.4 8.2 42.0 2.9 32.7 : 5.7 41.1 18.1 28.9 5.2 11.0 11.6 18.3 6.6 25.6 22.5 10.0

12.7 15.1 17.1 18.6 37.3 9.5 16.5 8.3 42.9 21.0 23.6 4.6 17.1 11.9 16.3 4.0 30.5 : 13.2 30.2 15.9 27.4 6.5 18.2 11.4 24.4 5.4 16.9 27.1 0.9 9.7 12.7 15.6 10.7 62.2 6.1 11.6 6.1 37.6 20.8 19.5 1.2 16.1 17.1 10.9 3.1 25.6 : 11.6 25.6 11.3 29.1 2.6 20.2 9.8 41.0 -0.8 6.1 16.1 -5.6 13.9 16.1 20.0 16.0 26.3 9.6 18.2 4.6 42.0 19.6 21.8 8.3 16.5 10.4 21.8 4.2 34.5 : 9.0 30.3 16.0 33.0 4.7 18.8 14.3 19.4 6.3 19.3 28.8 3.8

13.4 15.8 8.7 16.6 37.5 10.4 23.7 14.5 39.8 15.9 23.3 4.5 13.9 9.0 25.1 3.1 29.1 : 17.7 31.6 16.3 24.7 6.4 17.5 4.4 24.2 2.4 17.7 26.0 2.1 9.1 12.5 2.0 15.4 61.3 6.6 14.6 12.7 34.8 19.3 18.7 3.7 12.1 12.7 13.1 3.1 25.8 : 15.0 25.1 12.0 25.4 2.8 19.9 2.0 40.2 -8.3 7.2 17.2 -8.1 14.1 15.4 9.5 10.8 27.3 11.1 24.6 20.1 37.4 12.2 18.4 5.7 14.9 5.9 32.6 2.0 29.4 : 16.5 32.1 18.1 26.2 4.1 16.3 4.0 14.7 -0.1 21.7 28.7 8.3

12.7 14.8 13.4 21.8 38.1 10.9 22.2 9.5 38.6 11.9 22.2 2.9 16.1 9.1 23.4 4.0 29.5 : 11.8 36.1 14.1 25.2 6.1 15.1 5.1 24.8 -5.1 17.7 23.5 2.5 8.1 11.1 13.7 14.4 59.8 9.5 13.9 10.1 29.7 16.9 15.3 2.2 14.5 10.2 11.4 1.8 28.8 : 9.0 28.3 9.5 23.9 2.1 16.2 3.7 38.3 -15.0 5.9 20.3 -8.4 14.3 15.8 18.2 20.6 30.7 11.5 24.8 11.4 39.3 9.0 19.1 2.9 10.8 9.8 25.7 3.7 28.9 : 8.6 40.4 18.1 28.6 4.5 12.6 6.7 16.4 -6.9 20.8 22.2 8.6

13.5 15.2 15.0 18.4 39.0 10.3 22.3 6.8 44.1 10.5 19.3 3.6 16.6 9.5 31.6 5.8 30.4 : 9.6 42.2 15.3 27.9 5.4 16.8 4.8 25.4 -8.8 23.4 28.3 4.9 9.5 11.5 11.5 13.1 59.0 8.0 12.7 6.3 38.5 14.7 14.3 2.1 10.4 14.7 15.8 2.6 28.3 : 4.8 40.2 8.4 23.0 2.8 18.5 2.0 38.8 -21.0 8.8 23.7 -2.4 14.1 15.3 14.4 14.4 31.3 11.7 23.2 6.4 43.6 12.7 15.9 2.5 15.8 9.5 29.1 5.3 31.0 : 4.0 35.8 19.9 32.9 4.5 15.2 5.5 15.8 -16.9 33.1 28.8 8.3

12.6 14.0 12.6 14.1 37.8 8.9 20.7 7.9 46.6 10.7 20.9 1.1 16.5 8.7 25.5 5.3 30.3 : 12.4 30.7 14.2 30.5 4.5 10.4 6.1 23.4 -0.2 14.6 24.8 5.6 7.8 10.7 9.3 8.4 59.5 5.3 11.9 9.1 40.7 11.2 17.1 -0.1 11.3 12.5 14.1 2.2 29.7 : 8.9 29.3 7.4 29.1 1.5 10.3 3.1 36.9 -9.3 6.6 20.4 -7.7 12.6 13.7 15.2 11.3 26.9 9.4 22.4 6.8 48.5 11.2 14.8 -0.9 19.3 7.2 23.4 3.6 27.7 : 11.4 28.7 18.6 35.5 3.0 7.3 6.3 13.7 -1.3 18.3 27.8 7.7

11.2 14.0 13.5 16.6 40.6 10.1 23.0 10.3 41.6 11.1 19.6 1.8 16.3 7.3 34.9 5.5 29.6 : 13.6 36.2 12.6 20.9 5.4 12.5 5.6 22.4 -11.0 14.5 20.5 -2.2 7.2 10.2 8.4 8.1 58.5 6.1 14.1 9.5 39.0 11.6 13.7 0.0 14.1 9.9 27.2 2.2 28.2 : 11.0 35.8 8.5 17.6 2.4 13.5 3.8 38.4 -24.7 4.1 16.3 -8.4 11.8 14.7 17.9 16.3 33.4 12.6 26.0 8.6 43.2 11.4 13.6 2.0 13.2 7.9 42.2 5.1 26.5 : 9.4 33.9 14.2 27.8 2.7 7.2 7.2 10.2 -14.2 16.9 16.9 -0.5

8.9 12.2 12.3 14.7 38.5 11.0 20.8 7.4 35.8 11.4 13.6 1.8 21.9 4.2 44.3 7.6 33.4 : 11.4 37.9 12.7 20.4 5.0 16.3 6.0 26.6 -6.9 13.7 18.3 -8.1 4.1 7.6 11.0 8.0 59.7 8.7 10.3 8.1 35.7 11.4 13.0 -2.9 18.8 4.5 40.2 4.3 31.2 : 10.0 35.7 7.7 18.7 1.8 16.9 5.1 39.7 -19.2 -1.5 11.7 -16.4 9.5 13.3 16.0 14.5 29.4 11.2 25.0 8.4 36.5 11.5 8.4 2.8 19.4 2.8 49.3 7.9 35.6 : 9.3 41.9 14.3 27.2 3.7 15.3 5.4 17.3 -6.9 20.5 19.3 -8.0

8.4 11.0 5.9 13.0 36.8 7.1 18.9 2.7 32.4 -1.6 15.1 2.5 17.1 3.3 32.6 6.7 32.5 : 12.2 24.5 9.7 20.5 1.9 18.6 8.7 26.2 -0.2 13.1 15.4 -4.9 2.6 5.8 0.6 5.8 58.1 4.2 7.3 2.3 29.6 -2.0 10.8 -0.6 13.8 3.8 28.9 5.0 32.9 : 6.7 19.9 3.8 18.1 -0.5 17.1 7.1 40.8 -10.2 -2.4 11.5 -16.0 9.3 11.5 8.6 8.0 30.8 7.9 24.9 4.5 35.2 -3.1 9.8 1.2 17.4 -0.7 35.2 6.9 33.4 : 8.2 22.1 11.9 25.2 0.5 20.2 7.0 15.5 -17.4 20.2 15.5 -1.1

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)

Ave.

Date

Value

03-09 03-09 02-09 06-10 06-09 01-12 11-01 03-09 01-09 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 04-09 04-09 08-12 07-09 06-12 12-02 02-09 03-09 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 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

-24.3 -19.2 -31.9 -1.6 -1.8 -7.7 -15.7 -46.2 -5.2 -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 -21.5 -18.1 -46.0 -30.5 -43.9 -17.6 -21.3 -28.2 -32.5 -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 -16.2 -33.9 -30.9 -33.5 -19.0 -13.9 -26.9 -15.7 -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

15.6 15.3 22.7 19.3 24.8 9.9 21.5 8.0 38.5 13.8 23.0 1.4 10.8 10.6 14.0 7.7 9.6 : -1.3 24.3 15.4 16.1 7.0 5.9 11.8 14.0 27.2 17.2 25.8 15.5 6.1 6.6 7.1 -6.3 -5.1 -3.8 11.6 3.2 19.8 -3.5 6.1 2.5 0.6 2.0 0.4 0.1 1.5 : -6.4 11.9 2.0 8.9 -1.3 -6.4 -1.1 -2.1 -21.8 11.9 4.7 6.6 7.2 6.1 17.6 -4.8 -7.7 -2.5 6.2 10.5 25.9 -0.4 9.6 1.8 1.7 2.2 2.5 3.5 4.1 : -2.1 14.9 5.4 8.3 0.9 -4.0 0.2 0.1 -17.4 11.1 10.6 13.3

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

12-97 08-00 07-00 05-02 02-07 01-11 09-00 12-05 12-14 09-01 06-98 11-06 03-17 06-98 11-17 12-06 11-18 : 03-18 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 02-18 11-02 04-11 03-99 01-11 03-98 06-00 08-98 02-01 07-16 04-06 07-08 12-06 04-07 : 01-16 10-18 09-98 01-13 01-08 07-98 12-04 04-08 06-16 11-97 01-01 08-15 10-99 01-01 12-99 04-08 05-16 01-11 08-18 03-05 05-98 05-99 04-00 12-00 08-18 04-00 07-08 08-06 01-07 : 01-18 07-18 03-07 08-00 12-07 05-98 03-03 10-08 09-18 07-00 09-00 07-14

40.7 41.6 47.1 49.2 50.4 35.4 60.0 32.9 65.8 73.5 57.6 17.4 36.3 42.0 60.0 27.8 34.0 : 31.3 52.6 58.9 36.7 28.2 33.1 51.4 43.2 85.5 51.9 66.0 55.7 27.9 30.8 33.7 11.3 27.0 7.8 42.3 18.0 50.0 41.9 44.0 25.4 16.2 27.9 36.4 17.6 42.2 : 13.1 40.7 51.8 27.1 12.8 23.3 23.7 26.3 18.1 88.0 42.1 42.2 23.4 21.9 45.2 15.4 24.7 13.4 23.1 27.0 56.2 46.7 40.4 21.9 18.8 26.2 30.0 20.4 35.1 : 18.1 45.8 33.0 36.9 18.6 21.5 24.9 25.8 26.8 81.2 62.2 40.5

18.3 17.7 22.5 22.4 26.4 20.4 21.0 6.0 54.5 22.8 30.6 4.5 23.5 12.4 45.5 3.7 28.3 : 28.2 24.6 15.1 23.8 12.0 16.7 8.4 16.5 23.4 28.9 33.6 19.7 14.1 13.7 12.7 11.3 0.6 1.7 20.0 -1.2 16.3 7.0 14.7 12.1 8.7 5.3 7.8 1.9 10.8 : 3.8 16.8 11.8 21.4 5.0 10.4 2.4 22.6 -6.6 23.4 18.5 20.1 14.6 13.3 24.0 9.9 14.9 2.6 20.4 13.0 30.2 15.1 11.4 9.4 13.9 0.9 4.4 5.0 13.5 : 12.1 27.7 14.8 20.7 9.2 11.5 7.9 19.7 1.4 17.3 14.2 22.9

16.6 17.2 16.2 22.5 21.2 17.1 21.4 8.5 51.1 19.7 34.7 5.6 20.7 5.3 46.4 5.5 23.5 : 31.3 26.4 17.1 20.9 11.2 17.9 9.0 19.2 9.1 36.8 32.0 13.0 12.5 12.7 22.8 8.9 0.2 2.2 19.8 -1.1 28.2 5.2 18.1 8.6 7.9 -0.8 7.9 2.4 9.8 : 3.7 13.8 11.4 21.9 5.6 7.7 4.4 19.0 -7.0 14.8 19.3 14.4 14.9 14.6 21.4 13.4 9.1 0.8 19.5 10.7 37.7 12.3 19.1 13.0 18.3 -0.1 9.0 3.3 20.2 : 11.5 26.0 15.9 16.8 9.4 7.6 5.7 16.4 1.5 18.0 16.3 19.2

15.8 17.2 30.9 25.4 26.0 13.6 18.1 7.3 53.0 28.3 30.6 6.0 25.1 9.0 42.3 1.9 29.0 : 31.1 29.2 17.4 23.8 11.5 14.1 6.6 20.3 14.0 24.8 32.1 8.1 10.3 12.7 13.2 6.0 0.2 1.5 22.8 -0.3 21.3 10.0 20.2 3.7 16.1 1.6 -8.4 -1.2 15.0 : 4.5 29.4 13.1 18.2 3.5 11.0 5.6 15.0 6.0 14.0 15.8 2.5 14.0 14.0 25.1 11.7 10.2 0.1 16.0 6.6 25.5 24.1 15.8 11.2 10.4 6.3 7.3 2.6 22.0 : 12.7 31.3 14.6 19.4 9.0 10.4 6.1 16.3 2.2 20.7 18.5 16.3

17.8 17.1 18.7 21.1 26.9 13.8 21.5 14.0 53.0 24.6 35.5 3.1 24.7 6.0 35.7 3.2 30.7 : 11.5 48.6 20.3 17.2 11.2 17.3 10.3 16.4 10.5 34.4 35.2 19.9 11.4 11.7 7.1 1.3 3.0 5.2 20.8 0.2 18.7 17.4 19.6 3.8 11.6 -0.4 6.4 -1.3 21.2 : 2.6 22.2 12.6 22.2 4.8 12.5 2.6 14.4 -5.7 12.8 16.7 12.3 12.6 14.4 17.4 8.0 10.5 1.9 19.6 5.9 34.1 21.7 19.0 11.5 11.8 0.5 8.8 2.5 20.4 : 10.1 33.8 15.0 17.9 8.2 10.4 4.3 16.8 20.0 16.9 20.1 6.7

14.6 16.4 15.8 29.1 23.5 12.9 19.9 14.4 49.0 22.7 29.5 4.2 18.7 8.2 16.4 4.7 31.5 : 19.2 34.8 20.3 20.2 12.0 15.5 9.9 12.6 10.6 25.4 36.5 4.6 10.1 13.2 14.2 -0.6 0.2 0.5 19.2 -1.1 18.6 16.7 26.0 8.3 8.9 1.9 -2.1 -0.9 17.7 : 4.4 11.4 13.5 14.8 4.8 3.8 3.7 11.2 -8.8 11.7 16.0 -0.7 12.7 13.5 17.7 10.1 9.6 0.7 19.7 9.6 36.4 10.9 22.4 9.4 6.6 -2.4 4.9 1.6 20.1 : 13.4 30.5 14.7 17.3 8.4 10.5 5.4 12.2 8.5 12.2 15.2 11.7

17.1 19.5 14.7 23.6 23.8 13.3 31.7 10.7 47.1 16.2 32.8 4.0 14.8 8.3 29.5 4.1 32.3 : 21.8 37.8 18.9 22.4 12.2 16.4 7.1 17.8 15.6 24.4 32.0 6.2 8.5 8.9 -8.9 -0.5 12.5 -2.0 14.1 -2.7 18.6 14.4 16.2 5.4 7.9 -0.3 -5.7 -1.8 14.0 : 1.9 25.3 14.1 18.8 4.0 8.8 -1.0 7.9 -24.9 4.1 15.0 8.7 12.1 12.0 15.1 3.3 6.7 -2.2 19.7 8.6 23.2 7.8 17.7 7.0 8.5 -2.5 5.6 1.7 19.3 : 13.0 45.8 16.0 17.7 9.0 11.9 5.3 14.9 15.7 9.0 20.3 14.4

15.7 17.6 8.3 30.4 23.7 11.8 27.9 7.2 46.9 9.7 32.3 3.7 23.2 7.2 33.1 6.6 30.8 : 17.8 39.7 14.5 23.0 11.6 16.6 4.7 19.7 6.7 26.3 27.9 7.4 7.7 8.2 5.9 -1.1 15.9 3.8 11.0 -4.3 19.7 8.9 18.4 3.8 6.3 -0.7 0.3 -0.6 22.9 : 2.5 37.4 13.3 12.4 3.4 6.1 -0.2 6.2 -25.1 11.6 13.1 6.5 13.4 13.3 14.7 11.8 9.0 -0.9 23.1 10.6 19.7 4.9 18.1 6.4 18.8 1.3 11.4 5.1 23.2 : 6.0 37.3 14.6 19.7 7.5 8.2 2.6 19.0 17.9 16.3 13.2 17.3

17.0 18.8 19.1 27.6 26.7 11.2 30.9 7.8 50.1 4.2 27.6 6.2 23.6 4.3 49.9 9.3 32.0 : 19.9 50.5 17.6 27.8 9.0 16.7 7.0 21.7 11.5 28.4 32.4 8.7 7.7 8.0 11.4 -4.8 5.6 -1.2 10.3 0.1 19.6 7.6 16.5 2.5 7.9 0.2 -11.2 0.7 17.7 : 4.0 29.1 11.3 22.1 3.3 10.8 1.3 6.8 -28.2 16.2 18.2 7.7 12.5 12.4 8.3 15.1 2.5 -2.3 21.8 8.0 30.9 -0.6 15.3 6.5 9.3 -0.2 9.7 5.2 24.2 : 8.9 38.5 14.2 15.4 8.2 10.4 2.1 18.8 26.8 17.1 17.4 15.9

17.5 17.7 13.3 22.5 27.0 12.1 27.8 7.8 50.7 9.8 30.7 4.2 18.9 6.3 39.0 10.2 33.5 : 17.1 34.0 16.4 26.8 9.1 13.6 8.7 19.6 10.1 18.9 26.1 16.8 8.2 6.3 12.4 -3.0 -0.3 0.7 11.8 1.8 18.4 8.0 5.6 -1.4 8.5 -0.7 1.8 -1.7 20.7 : 3.3 40.7 13.3 20.3 3.1 5.0 1.6 6.1 -22.5 17.9 12.3 18.3 12.8 12.2 13.0 7.2 -4.5 1.6 21.4 13.6 33.4 7.0 16.3 3.8 6.0 -0.8 5.8 4.3 23.6 : 9.0 31.3 15.8 21.1 10.2 11.4 2.6 22.3 4.5 12.1 11.7 19.1

14.7 17.1 14.3 25.6 30.0 11.5 29.0 12.7 42.6 10.3 31.4 3.5 21.6 4.1 35.4 9.2 34.0 : 20.3 38.9 15.1 17.3 11.1 16.7 6.0 18.6 5.7 22.4 28.2 2.3 7.3 6.7 15.3 2.7 -3.1 -5.4 13.3 1.9 18.7 9.3 8.6 -1.9 10.4 -0.6 9.9 0.1 22.0 : 4.5 25.3 11.0 17.1 2.9 6.7 1.0 7.3 -25.6 8.7 17.0 11.8 13.1 12.5 15.4 6.2 -5.2 -2.9 17.9 12.5 32.3 10.9 19.3 6.3 11.1 -1.2 21.3 4.3 25.1 : 12.9 39.8 17.8 19.9 10.8 11.6 1.8 20.1 -6.6 17.9 12.6 20.0

13.0 15.6 9.9 21.5 26.3 13.1 27.0 5.6 35.2 11.3 19.3 5.5 27.6 5.3 43.4 10.7 33.5 : 15.1 36.3 16.0 15.1 9.7 16.6 7.5 23.0 5.4 22.1 23.9 0.0 4.5 5.0 23.3 1.2 1.3 0.8 9.1 -4.8 19.4 13.9 11.4 -6.9 10.1 -3.3 12.6 0.7 17.0 : 4.5 30.1 13.0 17.3 3.2 5.6 -1.0 15.9 -29.4 13.5 16.7 2.1 10.9 9.8 12.4 5.1 -11.2 1.3 19.2 9.0 28.2 13.9 10.7 -1.9 14.7 0.5 24.0 6.5 24.7 : 14.0 28.5 14.2 18.1 9.4 11.3 1.2 20.8 7.3 14.1 7.3 18.9

13.2 15.7 8.4 25.0 21.5 9.3 24.6 1.3 32.5 0.2 24.6 6.8 19.9 6.8 33.5 8.1 31.2 : 21.6 31.5 13.3 18.3 5.7 18.5 12.1 22.5 27.0 21.7 19.3 2.5 5.1 4.6 6.5 0.7 1.4 -4.1 9.6 2.4 19.0 6.1 8.3 -5.8 6.8 -1.4 13.5 2.2 22.8 : 0.9 23.3 11.8 19.7 -2.3 9.9 4.2 9.6 -23.3 7.9 14.7 8.7 9.5 9.3 10.9 4.2 -14.8 -3.7 17.5 3.8 23.0 3.9 16.3 1.3 17.4 -4.1 17.5 4.9 19.4 : 13.0 32.8 13.5 13.9 5.0 8.9 6.2 18.2 2.1 18.8 12.5 13.9

TABLE 3 (continued) : Monthly

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

Ave. Value

2018

2019

Max. Jul

Aug

Sep

Oct

Nov

Dec

Jan

02-09 -12.3 3.8 12-07 13.1 10.7 9.2 9.4 10.3 10.3 9.7 EU 07-09 -9.1 3.9 12-07 13.9 9.5 8.7 9.3 9.3 9.6 9.3 EA 01-10 -13.8 6.7 07-08 28.8 12.3 8.4 12.2 14.0 17.0 15.0 BE 01-11 -11.9 6.0 07-04 37.5 7.4 6.2 3.7 6.4 5.8 5.8 BG 02-13 -8.3 4.6 01-04 23.6 6.0 10.4 7.8 11.9 8.1 7.0 CZ 01-13 -7.4 0.4 12-10 16.2 2.4 2.3 0.9 2.7 4.2 0.8 DK 04-03 -8.5 11.9 01-19 26.3 24.5 21.4 24.8 24.1 22.2 24.7 DE 03-09 -31.5 9.2 01-18 26.8 22.4 17.1 11.9 13.5 16.5 19.3 EE 08-09 -51.0 0.3 11-18 29.9 11.5 19.2 20.1 16.4 24.9 19.8 IE 09-12 -40.2 -4.1 06-06 24.2 -3.6 0.7 6.6 -2.5 -1.1 0.6 EL 11-11 -17.9 3.0 09-04 20.3 9.0 11.5 7.8 9.5 8.5 10.4 ES 07-09 -21.0 -2.9 04-90 16.6 -3.9 -2.8 -3.0 -2.6 -4.4 -5.3 FR 03-10 -10.6 -0.5 07-08 25.4 4.9 4.7 5.5 4.8 2.8 3.8 HR 04-13 -15.6 -0.5 05-04 17.7 2.1 -1.5 -0.4 0.0 5.5 0.9 IT 04-13 -38.9 1.0 06-03 72.7 -6.4 -2.0 0.9 0.2 -10.0 -1.3 CY 12-09 -31.1 6.3 12-07 35.8 8.2 5.3 3.9 3.2 3.8 2.7 LV 06-09 -23.0 0.9 08-06 20.8 5.6 3.4 1.7 7.0 9.3 7.2 LT : : : : : : : : : : : LU 02-09 -8.5 6.3 09-06 28.0 17.0 17.9 14.7 16.2 14.9 20.5 HU 11-16 -45.0 2.3 11-18 39.0 6.3 -1.0 1.6 -1.9 -0.5 10.3 MT 08-09 -5.5 9.1 01-07 30.7 12.5 11.7 9.8 9.7 10.4 10.7 NL 05-09 -10.3 9.9 11-07 30.4 16.2 17.4 12.9 16.4 15.1 15.4 AT 07-13 -10.6 1.1 04-08 16.8 3.5 4.5 4.2 4.0 3.5 4.1 PL 11-03 -17.1 -0.5 11-05 13.7 3.1 2.7 3.0 4.1 4.5 4.9 PT 06-10 -8.7 12.1 04-04 54.5 9.6 10.9 6.2 6.9 5.5 3.6 RO 02-10 -16.4 1.4 01-08 23.1 11.3 10.1 7.7 7.3 5.8 6.6 SI 12-10 -17.5 10.6 07-02 68.9 4.2 11.6 18.1 3.5 22.5 6.7 SK 07-04 -25.1 8.7 01-08 40.7 15.1 13.3 8.6 8.0 6.2 3.2 FI 04-09 -17.0 9.4 11-07 32.4 10.3 12.9 11.8 12.2 7.4 12.8 SE 02-09 -34.3 2.4 01-18 23.8 17.8 11.6 11.0 16.2 15.7 12.9 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

Feb

Mar

Apr

May

Jun

9.2 9.4 13.2 6.1 11.8 3.4 23.4 18.0 18.5 -3.5 10.2 -1.3 1.7 0.2 -2.8 2.1 10.1 : 21.8 16.2 10.5 14.8 3.6 4.5 3.7 7.1 4.7 5.6 5.7 10.2

10.4 8.4 13.0 7.3 13.4 3.6 23.2 14.1 13.7 -5.2 3.9 -2.7 5.1 1.2 -7.0 3.2 10.7 : 18.8 14.3 10.6 11.8 3.9 5.2 2.0 5.8 8.3 9.8 8.8 20.7

10.2 8.8 15.3 6.5 17.4 1.8 23.4 21.7 24.6 -4.4 4.8 -3.6 6.0 0.3 2.6 2.7 10.8 : 21.9 15.1 12.4 14.8 4.8 5.2 4.3 9.2 5.0 6.7 9.4 17.0

10.7 10.1 15.6 10.1 14.8 2.3 23.9 17.8 29.9 -2.1 9.4 -2.6 7.5 -0.6 5.1 4.5 11.5 : 24.1 39.0 14.3 15.4 4.1 6.1 4.4 6.1 2.9 17.2 11.8 14.4

12.1 11.1 16.5 8.3 12.6 4.1 24.6 16.8 27.7 6.8 4.9 0.2 4.2 1.3 7.9 2.6 9.8 : 23.5 15.1 16.4 15.9 3.6 6.8 2.9 6.4 5.3 20.1 9.3 18.7

11.5 11.6 17.2 7.2 19.7 3.1 26.3 19.0 27.9 -2.0 11.7 -1.0 3.1 -0.6 10.1 6.9 9.5 : 21.8 14.9 18.5 14.5 5.0 8.0 9.0 8.3 14.6 11.5 12.4 12.7

SELLINGâ&#x20AC;&#x201C;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 I-16 I-12 : III-15 I-12 III-14 III-12 I-14 IV-14 II-12 I-12 : I-14 IV-11 IV-13 II-13 I-18 III-13 III-15 I-13 IV-16 IV-13 III-14 III-18

87.4 87.4 89.7 89.7 91.3 88.0 88.7 79.6 : 74.2 80.8 89.5 65.6 84.3 78.7 89.1 85.0 : 82.0 87.0 86.2 88.4 77.9 88.2 85.2 87.2 91.8 89.8 89.4 84.7

Ave. 88.8 88.8 91.8 91.8 92.8 89.7 89.6 83.1 : 80.0 84.8 90.7 83.2 87.5 81.8 90.8 87.7 : 86.9 91.0 87.8 90.5 89.9 90.7 89.6 89.0 93.3 91.3 92.7 87.7

2017

2018

2019

Max. Date

Value

III

III-17 I-19 IV-17 IV-18 III-11 III-18 I-19 III-18 : III-17 I-19 IV-11 I-19 I-19 I-19 III-18 IV-11 : I-18 III-18 III-18 III-18 I-19 III-11 IV-18 I-19 IV-15 I-18 III-18 II-15

90.1 90.7 94.5 94.6 96.4 91.2 90.9 85.1 : 89.3 89.6 92.6 87.3 91.3 86.6 92.6 90.1 : 94.4 93.6 89.7 92.8 94.5 92.8 94.2 91.4 94.8 92.7 94.8 90.8

89.5 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 89.0

90.1 90.2 93.5 90.4 93.5 90.1 90.1 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 88.7

89.7 89.9 94.5 91.5 92.5 90.7 89.6 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 88.0

89.8 90.3 93.6 91.5 92.9 90.3 90.6 83.7 : 85.6 87.6 91.4 85.1 90.2 85.8 91.2 88.1 : 94.4 93.2 89.1 92.1 77.9 92.1 91.6 90.9 92.7 92.7 94.1 88.1

90.0 90.2 91.8 92.8 94.6 90.5 90.2 84.3 : 80.7 86.8 92.5 86.5 89.6 86.2 91.8 88.3 : 90.8 93.2 89.2 91.9 90.1 91.7 93.8 90.7 93.0 92.4 94.2 88.2

89.7 90.6 92.2 93.9 94.7 91.2 90.5 85.1 : 86.7 88.4 91.7 85.9 90.3 84.1 92.6 88.5 : 91.4 93.6 89.7 92.8 90.6 92.3 93.8 90.8 93.2 91.8 94.8 84.7

89.6 90.1 92.0 94.6 93.9 90.6 90.6 84.6 : 80.3 86.1 91.9 85.9 89.8 83.7 91.6 88.6 : 90.8 91.9 89.7 91.8 91.0 92.2 94.2 90.9 93.0 91.7 93.8 86.0

90.0 90.7 91.6 93.8 95.0 90.5 90.9 84.6 : 80.4 89.6 91.6 87.3 91.3 86.6 92.2 88.2 : 94.1 91.0 89.0 92.2 94.5 92.4 91.9 91.4 92.7 92.5 94.2 84.9

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

TABLE 4: Monthly

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

CONSUMER CONFIDENCE (b) INDICATOR

FINANCIAL SITUATION OF HOUSEHOLDS OVER LAST 12 MONTHS (Question 1) Component of the consumer confidence indicator

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

Ave.

Date

Value

02-09 03-09 12-93 10-12 02-98 10-08 12-02 10-92 05-09 02-12 08-12 05-13 08-09 12-12 04-13 06-09 11-09 12-08 06-95 06-12 02-13 01-09 09-01 10-12 06-10 09-12 09-99 12-08 03-96 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 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

-23.7 -24.4 -20.3 -38.6 -33.1 -6.4 -26.8 -47.6 -35.5 -80.8 -41.7 -22.3 -42.9 -32.0 -59.4 -47.5 -37.3 -21.7 -60.9 -35.4 -27.2 -23.1 -26.6 -46.3 -52.6 -42.9 -42.0 -10.1 -10.3 -30.1 -21.4 -23.2 -16.5 -45.8 -33.1 -5.8 -31.2 -54.1 -49.8 -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 -12.6 -13.4 -8.9 -34.0 -31.7 1.8 -15.1 -38.3 -32.5 -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

-10.5 -11.3 -7.5 -25.2 -11.7 3.6 -10.9 -10.5 -3.5 -34.3 -12.8 -9.6 -22.8 -13.6 -19.8 -6.6 -7.1 -7.0 -25.8 -12.4 -4.2 -9.0 -8.4 -15.2 -17.4 -16.3 -19.8 1.8 2.1 -8.6 -10.7 -11.7 -7.2 -30.9 -12.6 5.3 -6.7 -12.4 -8.8 -39.8 -14.2 -12.4 -24.0 -17.8 -23.8 -10.7 -13.7 -2.3 -32.4 -21.1 -1.3 -11.2 -11.9 -15.8 -20.0 -27.3 -17.8 1.4 4.5 -8.1 -1.9 -3.0 1.0 -18.8 -5.4 12.4 -1.9 -4.5 3.8 -28.5 -2.1 -4.4 -10.0 -3.2 -14.9 1.3 -3.6 0.3 -20.2 -12.5 4.9 -3.0 -5.5 -6.5 -5.8 -13.2 -14.0 6.7 9.4 1.8

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

05-00 05-00 11-00 07-01 03-18 04-04 02-11 02-07 01-00 04-00 10-99 01-01 05-18 07-01 02-18 09-06 03-07 02-02 08-02 02-18 04-00 12-17 07-18 09-91 03-17 04-18 04-07 12-17 06-10 09-02 05-00 05-90 11-00 06-18 05-18 02-05 09-18 03-07 04-00 04-00 04-00 01-01 05-18 05-90 02-18 09-06 03-07 01-02 06-18 02-18 12-99 01-18 07-18 01-92 09-17 04-18 04-07 04-05 04-07 06-02 04-01 03-00 08-00 07-01 05-18 10-00 12-16 04-06 01-00 04-00 12-15 01-01 11-18 07-01 02-18 09-06 03-07 06-02 08-02 02-18 12-99 12-17 05-18 06-98 03-17 06-18 12-06 10-04 07-02 09-02

-1.7 -1.9 5.4 -8.0 7.2 11.5 1.6 13.5 15.5 3.2 2.5 2.4 -3.6 -1.4 3.8 15.4 12.9 4.0 7.0 17.8 9.6 4.0 5.6 6.5 -1.2 -2.9 2.4 10.5 10.5 3.6 -1.6 -0.5 3.5 -12.5 9.6 15.8 7.7 18.0 16.4 -6.2 3.8 -2.1 -0.3 -0.9 -0.4 9.4 14.6 7.7 4.4 22.2 21.1 1.0 10.0 2.9 5.2 -5.0 4.8 9.4 13.0 7.0 5.6 4.8 13.2 3.2 15.2 38.7 6.5 17.3 25.5 9.5 10.1 6.2 7.2 6.8 9.8 16.3 12.5 11.8 16.2 23.3 20.5 5.6 6.7 11.4 11.0 3.1 10.3 12.7 17.6 15.5

-4.0 -4.1 -3.5 -18.2 5.2 8.7 1.1 -2.5 10.7 -49.6 -2.9 -6.8 -7.5 -11.1 3.8 -3.6 -2.1 1.6 0.6 17.8 3.6 3.2 3.9 -3.4 -17.5 -4.4 -6.9 7.7 3.1 -6.9 -3.6 -5.4 -7.4 -16.5 4.5 5.9 6.7 -1.3 7.7 -50.3 -8.5 -13.8 -6.2 -11.4 -0.4 -0.7 -12.7 4.2 -0.3 22.2 -2.6 -1.9 7.2 -3.2 -9.5 -7.1 -4.5 7.0 9.6 -0.8 1.0 -0.7 -2.2 -11.9 14.7 16.5 6.0 3.4 15.7 -46.1 3.8 -11.3 3.3 -1.9 9.8 7.1 2.0 3.6 5.1 23.3 5.1 3.8 4.3 3.6 -4.5 -0.7 -0.8 11.9 12.7 4.0

-4.4 -4.8 -1.9 -17.3 7.2 7.2 0.2 -0.2 10.3 -52.1 -5.9 -6.3 -9.0 -11.3 -1.4 -4.6 -1.9 -2.2 2.6 15.3 4.1 1.4 2.1 -3.7 -16.6 -3.9 -9.2 6.6 2.3 -5.9 -3.5 -5.9 -6.1 -13.6 8.0 7.7 6.2 1.0 6.0 -54.6 -11.1 -14.5 -7.6 -10.2 -5.8 1.5 -10.4 1.4 3.0 19.1 -2.8 -2.5 5.8 -3.8 -6.4 -6.3 -5.1 7.3 7.5 1.4 1.8 -0.5 0.9 -10.7 15.0 14.4 5.7 5.8 16.1 -50.7 -0.8 -8.7 2.2 -1.5 2.9 6.2 1.3 4.0 8.3 19.6 7.6 4.4 3.7 4.3 -3.6 -0.9 -1.4 10.0 12.4 7.8

-4.8 -5.0 -3.2 -19.4 5.3 4.9 -0.7 -1.5 10.7 -48.5 -4.9 -7.5 -8.1 -10.5 2.2 -4.1 -0.2 -1.7 2.9 9.4 3.8 2.0 4.2 -3.4 -14.6 -2.9 -10.7 6.0 2.2 -7.5 -4.0 -6.1 -5.2 -15.0 8.5 4.5 5.7 2.8 5.1 -49.8 -11.0 -16.8 -7.1 -9.4 -1.1 1.2 -7.4 1.2 4.1 15.8 -0.4 -2.8 8.4 -2.1 -5.3 -5.0 -7.6 6.9 7.3 -1.1 1.5 0.0 1.2 -12.8 14.5 12.2 5.3 4.7 16.4 -45.8 2.6 -7.3 4.0 -1.7 7.9 7.4 4.1 3.6 9.5 17.2 6.3 2.5 4.2 4.1 -2.2 0.1 -3.1 8.9 12.2 3.9

-4.6 -5.4 -3.6 -18.4 6.3 7.3 -1.1 -1.2 11.4 -48.6 -3.2 -8.1 -3.6 -12.0 0.2 -5.8 1.4 -2.4 -0.6 5.9 2.4 0.8 3.7 -2.9 -15.7 -4.1 -7.9 6.0 2.2 -4.8 -3.2 -5.4 -6.4 -14.3 9.6 8.6 5.7 1.6 8.9 -48.1 -9.9 -14.6 -0.3 -9.7 -3.0 0.7 -5.2 0.9 1.3 12.3 -0.3 -0.6 7.2 -1.8 -5.0 -7.6 -5.3 7.5 7.6 0.3 2.2 0.1 0.6 -12.0 15.2 12.4 5.6 5.8 17.3 -45.9 4.2 -7.9 6.2 -2.3 2.4 7.7 4.7 5.6 6.0 14.3 5.8 3.5 6.7 5.5 -3.4 1.2 -0.2 11.1 10.2 7.6

-5.0 -5.4 -7.1 -17.4 5.7 8.0 -1.5 -1.1 9.2 -48.9 -0.8 -9.7 -8.1 -9.4 -0.4 -6.9 -0.4 -3.1 1.4 8.7 2.5 -0.2 5.4 -4.5 -17.9 -3.8 -9.1 4.3 0.5 -7.0 -3.5 -5.3 -7.3 -12.5 7.7 6.2 6.9 2.3 8.1 -43.7 -7.3 -16.7 -7.6 -9.8 -4.5 0.4 -7.6 1.7 4.4 17.8 -1.6 -2.7 8.3 -3.2 -7.3 -5.7 -6.6 6.8 5.5 -1.2 2.0 0.1 -3.3 -12.3 13.4 15.6 6.1 5.9 14.2 -45.4 5.4 -9.5 3.1 -0.5 3.9 6.8 2.5 3.4 7.2 16.5 5.7 3.0 5.2 5.8 -6.0 3.1 -1.1 11.6 11.0 6.3

-4.4 -5.3 -6.1 -19.9 5.4 7.8 -2.5 0.3 10.4 -46.5 -1.4 -8.8 -6.9 -8.8 -8.5 -7.2 1.9 0.3 -0.6 10.9 4.0 0.2 5.6 -5.0 -13.7 -5.5 -8.5 4.7 0.3 -4.4 -2.7 -5.0 -7.9 -17.9 8.4 7.9 6.3 3.9 10.4 -46.0 -7.5 -16.5 -4.8 -7.9 -9.2 0.9 -4.8 3.8 1.8 17.3 0.3 0.4 10.0 -4.1 -3.9 -7.0 -4.7 6.8 5.8 1.6 2.5 0.3 -1.5 -14.5 14.2 16.5 5.5 5.4 14.4 -46.0 5.3 -7.8 3.7 -0.7 0.0 4.1 3.4 6.4 4.5 18.9 5.6 4.8 5.2 2.9 -1.4 -0.4 -1.8 11.0 11.0 8.3

-4.9 -5.5 -7.3 -18.4 3.4 5.3 -1.2 0.2 8.4 -45.0 -3.3 -9.6 -6.2 -9.5 -3.4 -4.3 1.8 -1.3 -4.3 6.7 2.0 0.2 2.9 -5.2 -15.4 -7.6 -6.9 5.6 2.3 -5.6 -3.1 -5.7 -9.0 -18.1 5.2 6.4 6.6 1.4 5.5 -44.6 -7.7 -18.8 -3.9 -9.0 -6.8 3.3 -5.1 3.0 -1.4 14.3 0.5 -1.2 7.3 -4.1 -4.1 -7.6 -3.7 7.7 9.5 2.8 2.1 0.3 -1.3 -13.8 12.4 12.7 5.3 3.6 16.2 -39.2 3.9 -7.8 6.0 -1.3 2.3 9.6 5.5 5.2 2.2 16.1 5.7 3.5 2.9 5.9 -1.9 0.2 0.0 10.7 11.7 7.2

-5.5 -6.2 -6.2 -19.0 4.9 7.5 -0.7 0.6 9.7 -42.7 -6.4 -12.6 -7.6 -9.9 -2.6 -4.2 3.0 -1.9 -3.4 9.5 2.0 0.8 4.0 -4.6 -11.9 -11.8 -8.0 5.9 3.0 -7.0 -3.5 -5.9 -8.5 -16.2 8.7 6.5 7.7 3.0 7.2 -45.1 -9.8 -19.2 -2.8 -10.1 -4.5 1.4 -3.1 4.1 -1.2 15.4 0.1 -1.2 7.0 -3.6 -2.0 -9.3 -4.9 7.0 8.9 1.1 1.3 -0.7 -1.8 -14.1 12.0 14.2 6.3 6.3 15.2 -38.4 1.1 -11.2 5.3 -1.5 4.1 9.4 6.7 2.5 2.1 15.3 4.1 2.3 6.1 4.4 1.2 -4.1 -1.0 11.2 12.0 5.2

-5.4 -5.9 -5.0 -22.8 3.6 5.4 -1.1 -1.0 6.4 -34.1 -6.5 -10.9 -6.2 -9.5 -2.4 -4.3 1.0 -2.0 -4.1 7.3 -0.8 -0.1 3.0 -4.7 -11.1 -10.3 -8.0 4.0 0.6 -7.0 -3.7 -5.9 -6.3 -21.1 6.8 4.6 6.7 0.0 7.4 -40.0 -10.4 -18.3 -1.4 -10.0 -5.4 3.0 -4.7 4.8 -2.4 16.4 -1.5 -1.3 6.7 -3.6 -1.1 -6.8 -3.7 8.0 7.0 0.3 1.3 -0.3 0.4 -18.8 12.1 11.5 6.2 2.9 13.7 -30.8 1.9 -9.9 4.8 -1.8 1.5 7.6 4.9 5.7 1.7 17.4 2.4 3.2 4.0 5.4 1.6 -2.6 -0.8 10.8 10.7 4.7

-6.2 -6.6 -6.8 -27.2 1.2 5.6 -1.1 -2.8 6.5 -32.7 -4.9 -13.9 -5.4 -10.7 -5.8 -5.9 2.4 0.1 -5.9 9.3 -1.8 0.1 3.7 -4.5 -12.9 -8.5 -7.8 2.8 1.0 -8.1 -3.8 -5.7 -5.6 -24.3 6.8 8.3 6.6 1.2 4.7 -38.9 -9.3 -17.7 -0.4 -9.5 -5.3 1.1 -2.2 4.2 -1.8 17.3 -4.1 -1.1 7.8 -3.6 -4.6 -5.5 -2.7 7.3 6.3 -1.1 1.2 -0.6 -1.5 -24.1 11.1 14.1 6.1 3.4 16.0 -29.6 2.8 -11.4 7.2 -2.5 -0.6 5.5 4.1 5.6 0.2 17.0 2.7 3.4 5.2 3.9 0.6 1.0 -0.8 11.2 11.3 5.2

-7.6 -8.3 -10.2 -24.5 4.5 4.7 -2.3 -1.0 4.6 -31.0 -7.2 -17.5 -6.0 -10.2 -5.9 -3.4 -0.3 -0.5 -5.2 7.5 -3.8 -0.6 1.8 -6.6 -13.1 -9.9 -7.7 1.3 -0.1 -9.2 -4.4 -6.9 -9.5 -22.9 6.4 4.9 6.1 1.3 5.9 -36.9 -8.3 -22.2 -0.9 -10.2 -7.5 5.7 -3.4 1.0 -2.6 14.9 -2.8 0.1 4.3 -4.4 -2.6 -7.9 -3.0 5.5 6.3 0.8 -0.1 -1.6 -1.8 -22.0 13.9 12.2 5.6 6.0 12.8 -29.8 1.5 -14.3 7.0 -2.2 2.2 10.4 1.6 3.5 1.0 15.8 0.9 4.0 4.1 3.6 1.2 -1.0 -0.4 10.2 13.1 1.2

-7.8 -7.9 -11.2 -26.0 3.4 3.9 -2.3 -0.7 0.8 -28.3 -6.9 -13.8 -7.3 -10.5 -3.8 -4.6 2.6 -0.3 -6.2 4.2 -8.1 -1.8 2.2 -8.2 -14.8 -7.9 -10.6 0.3 -1.4 -11.3 -4.0 -6.1 -9.8 -24.2 8.8 6.7 6.8 3.6 4.0 -35.5 -8.1 -19.9 -3.2 -10.4 -5.8 2.3 -2.1 3.3 -1.5 14.8 -2.6 -0.9 3.8 -2.6 -4.0 -7.1 -5.4 5.8 8.2 -0.3 0.4 -0.5 -3.3 -24.8 13.3 13.1 6.3 6.4 10.9 -26.2 3.1 -9.8 6.9 -1.6 4.1 7.1 5.9 5.5 0.9 13.2 -3.3 2.6 4.2 2.2 -1.4 -0.7 -2.5 10.8 10.8 0.4

TABLE 4 (continued) : Monthly

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

GENERAL ECONOMIC SITUATION OVER NEXT 12 MONTHS (Question 4)

Component of the consumer confidence indicator

MAJOR PURCHASES OVER NEXT 12 MONTHS (Question 9) Component of the consumer confidence indicator

GENERAL ECONOMIC SITUATION OVER LAST 12 MONTHS (Question 3)

Ave.

Date

Value

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 03-00 03-00 10-03 08-08 05-07 03-06 01-90 09-06 12-00 06-03 11-00 09-99 12-18 12-06 03-03 06-06 03-08 06-17 12-17 11-13 07-18 11-00 07-18 06-90 08-04 08-07 12-16 12-17 09-96 03-00 05-09 03-09 02-09 03-10 08-12 03-09 06-09 10-92 03-09 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

-39.8 -43.7 -45.5 -42.8 -45.9 -22.9 -52.1 -38.3 -58.5 -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 -10.0 -12.3 -5.9 -5.9 -0.3 3.9 -13.6 -0.3 5.2 4.8 -7.1 1.2 -14.9 -8.0 40.0 22.9 16.6 -4.3 -6.6 3.9 -11.0 -3.9 2.0 14.1 -15.6 4.3 -12.9 -3.0 7.2 0.6 -66.2 -66.1 -75.7 -59.5 -60.0 -53.9 -67.3 -72.1 -102.5 -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

-11.6 -11.9 -8.1 -20.1 -9.6 2.2 -11.2 -0.9 0.1 -32.3 -7.4 -19.4 -23.7 -10.3 -20.4 -6.2 -5.1 -10.0 -17.3 -7.0 -0.5 -5.5 -11.5 -16.7 -14.5 -12.4 -21.6 4.1 -0.2 -12.5 -17.6 -18.7 -15.7 -30.8 -19.0 -5.4 -23.9 -25.2 -9.1 -36.7 -27.3 -2.0 -33.5 -23.1 -20.1 -10.8 -5.9 -16.0 -35.2 -8.9 -19.9 -16.3 -4.8 -21.8 -29.4 -12.5 -25.8 -9.0 -5.5 -15.5 -27.0 -27.7 -24.6 -37.5 -19.0 0.2 -16.0 -10.4 -18.8 -46.7 -25.1 -39.1 -43.7 -40.6 -31.9 -19.2 -16.2 -22.1 -32.7 -14.6 -11.0 -18.9 -17.8 -30.3 -28.7 -33.6 -28.9 -6.0 -5.9 -29.4

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

03-15 01-18 06-00 07-01 02-18 03-15 11-10 12-06 12-15 01-00 12-15 06-17 11-15 11-15 02-18 09-06 06-07 01-18 08-02 03-18 10-06 12-17 04-08 10-17 01-05 11-17 12-06 01-95 04-10 06-97 01-09 08-13 10-96 04-03 01-01 01-93 02-03 10-92 02-11 01-13 08-12 05-08 03-11 08-13 04-13 06-09 11-09 02-14 06-95 10-18 03-03 01-09 09-01 05-13 09-10 09-16 10-99 11-08 10-08 02-09 02-18 01-18 12-00 08-01 05-18 03-06 05-11 01-07 12-15 05-00 03-00 01-01 07-07 05-90 02-18 09-06 06-07 01-18 09-02 01-18 03-98 05-18 04-08 10-17 07-07 01-18 04-07 12-17 01-11 04-15

1.5 5.9 19.6 15.6 11.2 24.1 21.2 26.9 37.7 17.2 21.5 6.7 -0.9 14.9 22.5 17.2 17.9 16.3 19.2 34.2 29.8 21.1 13.5 16.7 12.2 11.7 15.4 28.3 30.8 13.5 -27.2 -28.3 -28.7 -46.8 -36.2 -14.2 -38.9 -64.3 -25.8 -81.2 -53.8 -8.0 -50.2 -58.1 -79.8 -45.1 -38.1 -32.7 -68.6 -34.9 -32.4 -27.6 -25.7 -49.1 -50.6 -34.6 -40.9 -17.7 -17.0 -39.7 -2.4 3.1 22.4 -8.8 16.8 26.3 29.3 33.0 36.9 5.8 12.8 -1.3 -14.3 -8.2 27.8 5.9 21.5 13.5 6.3 41.5 33.6 24.5 15.3 20.9 -3.1 13.4 17.4 36.4 30.1 4.9

-0.4 5.1 7.4 -16.5 11.2 12.7 8.9 3.7 22.3 -51.0 9.8 -0.6 -9.7 -3.1 22.5 -6.7 -1.7 10.7 4.7 33.1 26.0 20.3 6.6 11.3 -30.1 11.2 -7.0 20.9 -2.5 -23.2 -13.2 -15.4 -11.9 -27.8 -9.7 -0.1 -17.0 -15.8 -3.1 -51.1 -16.6 -1.3 -17.4 -28.0 -16.5 -14.3 4.0 -12.1 -6.9 -7.4 -13.9 -9.2 -2.4 -25.4 -25.9 -21.0 -15.1 -8.8 -7.2 -7.5 -2.4 3.1 4.6 -23.3 11.7 19.5 17.0 -1.4 25.3 -56.2 -0.7 -9.5 -23.5 -12.8 27.8 -14.9 -15.4 10.7 0.1 37.9 30.3 22.8 13.2 15.9 -33.4 13.2 -9.9 29.8 2.7 -27.7

-1.6 3.3 11.3 -17.2 10.9 8.6 7.1 8.0 24.7 -51.5 1.7 -0.6 -12.4 -4.6 19.1 -7.6 -1.4 6.0 6.9 34.2 24.8 17.0 5.0 9.8 -26.6 11.1 -13.3 18.0 -4.6 -22.2 -14.2 -15.9 -13.6 -27.7 -5.0 -2.1 -18.1 -15.9 -5.7 -51.7 -13.6 -1.5 -18.3 -29.0 -21.8 -18.5 2.9 -20.1 -7.8 -11.5 -13.1 -13.2 -6.2 -25.2 -30.0 -19.7 -17.0 -8.9 -6.2 -10.7 -2.7 2.7 6.6 -23.1 12.7 17.9 16.2 7.6 27.6 -55.6 -7.0 -7.4 -26.6 -12.2 23.8 -16.2 -12.3 4.2 0.1 39.9 30.9 21.5 9.5 14.9 -32.1 12.1 -15.1 28.4 -0.1 -26.9

-2.9 1.7 6.4 -18.0 7.4 8.0 3.5 6.7 24.9 -44.4 5.0 -5.4 -10.7 -2.8 21.2 -8.1 3.1 4.6 6.2 28.1 21.1 20.0 5.8 8.5 -27.0 10.6 -15.1 16.7 -2.5 -23.3 -13.7 -15.4 -15.3 -31.9 -9.2 -5.1 -17.2 -20.4 -3.5 -54.0 -16.3 -0.4 -18.4 -27.9 -19.2 -16.7 -0.5 -16.1 -8.3 -23.4 -11.7 -11.6 -1.5 -24.0 -24.1 -17.4 -16.9 -8.7 -8.4 -9.4 -3.1 2.3 5.3 -23.9 13.4 16.2 12.7 4.5 27.9 -52.7 -3.9 -7.6 -25.7 -10.8 25.8 -17.2 -7.6 5.3 2.5 33.9 31.8 23.6 13.0 15.1 -32.8 13.1 -18.3 27.6 -0.7 -28.0

-3.9 -0.4 2.9 -18.0 9.4 11.5 2.6 10.2 23.4 -47.5 6.1 -7.8 -5.2 -8.1 16.7 -9.3 3.0 4.8 -0.1 26.5 17.9 14.2 5.9 9.2 -29.9 10.0 -8.3 13.8 -2.8 -20.9 -13.4 -15.7 -11.6 -29.2 -9.1 -3.4 -18.2 -22.5 -4.1 -52.7 -13.2 -2.0 -15.1 -28.0 -15.4 -22.1 3.1 -20.9 -9.5 -29.4 -13.8 -13.9 -5.0 -24.7 -24.6 -20.2 -17.9 -8.3 -6.2 -6.3 -3.6 1.0 2.0 -24.1 16.8 18.7 12.2 7.9 31.7 -53.1 -3.7 -9.4 -22.2 -14.6 19.8 -15.9 -5.9 2.9 -2.3 30.5 30.5 24.5 13.2 13.4 -35.1 11.9 -11.4 26.8 -0.8 -26.1

-5.3 -1.2 -3.8 -16.4 8.7 11.5 -2.0 10.4 20.3 -52.6 10.4 -11.1 -10.0 1.0 14.2 -12.9 1.6 2.1 2.8 26.2 17.6 10.3 6.1 3.7 -31.1 6.3 -8.9 9.0 -5.1 -24.8 -13.1 -15.2 -14.2 -28.3 -6.8 -1.5 -17.1 -23.2 -5.7 -53.9 -11.7 -1.5 -17.9 -28.2 -15.3 -21.8 2.0 -19.6 -8.8 -25.7 -11.8 -11.4 1.9 -24.3 -27.3 -19.1 -19.6 -10.0 -9.5 -8.2 -4.8 0.0 -0.8 -22.8 16.4 22.4 11.9 7.2 30.0 -48.9 2.4 -13.2 -24.8 -16.4 16.6 -20.4 -7.0 -0.6 1.3 33.7 30.1 19.7 9.4 6.3 -34.9 13.1 -12.9 21.9 -2.1 -28.4

-4.7 -1.4 0.4 -20.0 8.3 9.2 -3.8 8.2 21.1 -46.4 8.6 -10.3 -8.2 -0.2 -0.8 -8.5 4.2 5.4 -1.6 28.3 21.2 7.1 5.1 5.4 -25.5 5.0 -8.3 10.7 -4.7 -20.1 -12.7 -14.9 -15.4 -27.2 -9.3 -2.4 -18.2 -16.3 -4.1 -47.6 -11.9 -0.7 -18.1 -26.5 -24.1 -25.3 4.8 -14.1 -7.3 -20.8 -11.0 -11.4 2.0 -24.1 -24.1 -19.5 -19.1 -9.6 -10.8 -7.3 -4.3 -0.2 1.4 -25.9 13.9 17.1 8.5 6.3 29.3 -47.9 3.6 -14.0 -22.8 -12.4 0.3 -16.9 -3.9 7.8 -4.2 34.3 32.2 19.6 10.4 7.1 -35.6 11.6 -12.1 20.1 -0.9 -24.1

-5.7 -1.4 -3.8 -20.5 5.7 6.1 0.3 7.2 17.7 -42.0 3.4 -10.3 -10.6 -2.2 5.0 -4.7 4.9 3.1 -4.6 27.1 16.6 7.5 2.3 2.7 -26.9 -3.3 -9.0 11.7 -5.3 -24.4 -13.0 -15.0 -15.1 -21.1 -9.7 -4.1 -17.2 -11.3 -5.9 -54.1 -12.7 -1.6 -16.3 -25.7 -14.2 -25.2 1.9 -16.5 -13.2 -30.6 -14.6 -8.8 -0.8 -25.3 -28.9 -19.7 -14.8 -7.8 -6.5 -7.9 -5.4 -1.5 -3.5 -27.2 13.6 15.9 12.5 2.9 28.0 -47.8 -2.5 -18.8 -23.5 -14.8 5.7 -14.2 -2.4 0.7 -7.2 38.9 30.5 18.7 10.1 6.4 -34.4 3.6 -12.1 21.9 -1.8 -25.3

-6.5 -2.3 0.8 -22.1 4.8 9.9 2.8 10.9 18.9 -40.5 -3.2 -17.5 -17.8 -2.1 7.0 -7.6 6.2 3.7 -2.9 29.5 17.6 13.0 5.6 3.5 -23.4 -12.5 -7.3 12.2 -2.1 -27.4 -13.3 -15.8 -15.3 -23.6 -5.9 -0.5 -19.7 -17.9 -2.4 -47.0 -13.8 -2.6 -15.0 -25.9 -17.1 -19.9 2.2 -17.7 -11.5 -22.1 -13.6 -10.9 -2.6 -22.6 -23.3 -21.4 -18.9 -6.7 -6.6 -6.9 -7.2 -3.6 -3.6 -28.6 15.2 14.9 13.9 7.9 29.6 -48.7 -9.8 -23.9 -29.3 -19.0 3.6 -15.6 -0.3 4.2 -5.4 37.3 27.2 18.1 11.6 6.8 -31.4 -0.6 -11.7 23.2 0.4 -27.5

-6.9 -3.2 0.2 -24.7 7.0 9.9 0.4 7.8 7.7 -32.5 -2.2 -15.1 -12.5 -3.0 12.0 -2.8 2.9 5.2 -4.8 30.4 9.9 8.7 3.2 4.1 -21.8 -8.6 -7.9 5.4 -7.7 -25.4 -12.4 -14.2 -14.5 -26.4 -11.4 -4.6 -17.5 -14.8 -3.1 -33.2 -15.2 -0.3 -15.7 -23.0 -17.5 -25.2 1.2 -23.5 -10.6 -34.9 -14.1 -10.8 -1.8 -24.7 -23.3 -23.3 -19.7 -8.1 -7.6 -7.5 -7.4 -3.9 -3.5 -31.8 13.3 16.2 12.8 5.8 20.3 -42.4 -9.1 -22.6 -25.6 -21.0 10.1 -10.6 -3.8 7.6 -8.4 38.7 23.1 21.8 9.0 5.6 -29.5 1.9 -9.7 20.6 -2.4 -26.6

-9.4 -6.0 -3.1 -32.5 -2.8 5.8 -0.8 3.2 11.1 -29.9 -0.9 -25.4 -11.9 -5.3 5.5 -7.5 0.6 7.3 -7.5 25.6 9.7 9.6 2.7 6.3 -24.0 -6.1 -8.4 2.2 -5.6 -27.4 -12.8 -14.3 -17.1 -28.0 -10.4 -5.8 -16.4 -18.9 -5.9 -32.4 -12.1 -1.0 -16.6 -25.2 -22.8 -22.8 7.0 -16.8 -14.6 -22.9 -15.5 -11.3 -1.1 -24.7 -23.7 -23.4 -19.2 -9.6 -8.0 -9.1 -9.5 -7.0 -5.7 -38.2 8.3 10.8 12.6 3.8 21.2 -40.5 -6.9 -34.6 -22.8 -25.0 4.6 -12.1 -3.3 8.6 -8.5 34.1 20.1 18.4 9.0 5.5 -31.9 1.2 -11.5 18.0 -2.2 -25.0

-13.1 -9.9 -10.6 -28.3 0.7 5.2 -2.5 4.8 5.3 -24.1 -8.7 -31.6 -15.3 -5.9 7.4 -5.9 -1.7 9.5 -6.8 24.9 1.8 7.4 0.0 1.0 -26.0 -5.8 -8.8 0.1 -12.5 -31.3 -12.8 -14.9 -18.8 -24.8 -3.0 -3.6 -18.4 -16.1 -5.6 -32.9 -13.1 -1.9 -14.9 -22.4 -25.8 -23.5 2.4 -16.1 -12.3 -25.4 -15.0 -14.0 -1.1 -26.7 -24.8 -24.8 -18.5 -10.7 -7.3 -7.5 -13.1 -11.5 -13.4 -35.2 7.0 10.8 9.7 3.9 19.5 -37.9 -13.3 -45.5 -27.7 -24.5 3.8 -9.7 -4.5 5.3 -8.8 34.2 17.1 16.6 5.2 2.7 -30.9 5.0 -12.2 13.7 -7.4 -26.2

-14.2 -10.2 -15.0 -32.0 -5.0 0.8 -5.8 6.4 -4.2 -24.6 -5.6 -24.5 -16.0 -5.5 9.1 -5.8 2.9 5.5 -9.8 22.5 -8.7 2.7 3.1 -3.6 -27.0 -4.4 -15.3 -3.9 -15.8 -34.9 -13.4 -14.9 -16.8 -23.0 -3.6 -5.1 -16.7 -19.2 -7.3 -26.9 -17.0 -1.2 -16.9 -24.4 -22.5 -21.8 3.8 -15.3 -14.3 -33.8 -17.6 -11.9 -2.5 -28.9 -27.0 -19.2 -19.2 -11.7 -8.6 -10.3 -14.3 -11.5 -17.4 -36.6 7.2 8.7 8.2 6.3 13.6 -39.0 -12.2 -43.4 -27.2 -22.1 9.9 -12.7 -1.1 7.5 -10.1 34.3 10.5 18.6 4.8 2.2 -32.4 5.5 -14.8 10.6 -10.5 -31.9

TABLE 4 (continued) : Monthly

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

MAJOR PURCHASES AT PRESENT (Question 8)

SAVINGS OVER NEXT 12 MONTHS (Question 11)

UNEMPLOYMENT OVER NEXT 12 MONTHS (c) (Question 7)

Ave.

Date

Value

10-08 10-08 06-97 06-02 05-95 11-08 11-02 11-11 04-92 07-12 06-93 08-08 05-12 11-96 04-13 02-09 03-09 10-08 06-96 04-09 09-03 07-08 11-01 12-08 08-10 08-12 02-04 04-90 10-08 10-08 08-93 06-08 12-12 03-02 03-98 01-90 03-03 10-93 03-13 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 05-00 05-18 12-00 07-01 05-17 02-95 05-07 09-06 12-99 02-15 04-15 01-01 02-18 06-01 05-18 09-06 06-07 05-17 07-98 05-18 03-18 03-01 07-07 06-17 01-07 01-18 01-07 03-98 08-00 07-97

-35.7 -36.9 -40.4 -65.3 -31.4 -32.8 -30.8 -20.6 -32.2 -75.0 -63.8 -40.6 -50.8 -64.2 -70.4 -36.7 -11.9 -34.5 -86.8 -22.4 -39.1 -17.8 -27.0 -90.3 -62.8 -59.6 -24.8 -27.3 -37.9 -40.6 -16.4 -17.1 -9.3 -80.7 -16.2 -3.2 -5.2 -69.2 -43.0 -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 0.9 -2.4 -17.2 -1.6 -4.1 -20.5 -18.6 -21.6 -30.1 15.7 -16.1 -12.7 -6.5 -4.0 -21.2 -10.4 -33.1 -10.0 -6.2 -32.9 -30.8 -8.1 -20.2 -20.0 10.5 -13.2 -19.5 -27.7 -28.0 -13.9

-12.0 -15.1 -0.6 -37.5 2.0 -7.6 -1.2 11.8 1.4 -44.2 -24.1 -16.3 -31.8 -35.3 -23.1 -12.7 15.0 -3.7 -48.2 13.5 -3.5 9.7 -2.0 -49.1 -37.0 -23.7 -7.1 17.1 14.3 0.4 -6.4 -8.2 8.0 -63.9 -0.7 24.8 6.3 -34.5 1.2 -54.0 -23.6 -17.1 -51.9 -21.3 -45.4 -43.3 -37.1 44.5 -55.5 -35.1 13.9 26.3 -38.8 -27.1 -52.9 -24.1 -29.7 46.0 39.0 1.3 24.1 24.7 26.8 27.0 23.9 4.5 21.9 21.0 15.5 50.2 17.3 30.3 28.0 26.9 34.1 20.4 11.0 28.7 29.1 7.9 15.0 24.3 18.8 34.2 36.6 24.9 16.8 3.5 6.8 24.2

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

01-00 03-99 09-07 10-06 07-03 09-97 11-06 08-01 09-97 01-01 11-99 07-00 12-06 05-90 06-01 12-06 02-06 11-14 03-06 07-17 12-00 08-99 07-18 01-92 06-01 08-06 06-08 12-09 08-05 11-02 08-18 04-01 06-98 01-17 01-19 12-06 08-90 05-06 12-18 01-00 07-00 06-17 08-18 03-91 06-01 01-18 11-18 10-18 01-00 02-18 10-00 03-02 11-18 02-98 04-17 05-07 09-17 01-19 10-15 04-16 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

4.5 3.1 26.1 -17.1 33.9 9.5 32.2 52.7 29.0 -9.8 25.7 14.4 -11.4 -2.4 28.0 21.4 50.0 22.9 -6.9 48.9 43.0 29.4 15.6 -1.5 12.5 17.7 11.3 48.7 36.2 28.3 3.4 1.3 31.2 -42.7 21.5 39.9 23.4 -4.2 39.9 -23.3 0.0 -1.1 -29.8 2.2 -12.3 -11.1 -13.0 58.2 -19.0 24.7 26.4 54.6 -10.7 -1.9 -37.2 -6.2 -12.6 59.9 62.1 24.0 67.0 68.5 76.0 65.5 67.8 51.4 71.9 81.0 80.9 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

0.4 0.7 12.5 -26.8 12.4 -7.3 23.2 12.6 20.2 -57.4 -23.2 -4.4 -16.0 -20.0 -20.9 -16.4 8.2 20.4 -24.0 36.4 21.3 21.0 11.4 -33.3 -39.7 -4.3 -5.0 27.3 17.7 0.2 1.8 -2.0 -3.1 -44.3 14.6 29.4 12.7 -24.3 33.1 -75.9 -19.1 -9.3 -35.0 -11.3 -32.2 -23.8 -24.7 49.6 -38.3 24.7 14.3 20.7 -12.4 -17.9 -49.1 -14.2 -14.6 52.5 44.8 18.1 3.2 1.0 3.2 13.7 -2.8 -8.6 1.6 6.0 -15.7 39.1 -7.2 7.1 -6.5 9.3 -20.1 12.4 6.9 -5.3 1.4 -28.5 -29.1 -5.2 -6.6 -10.5 22.2 -10.2 -7.2 -22.0 -3.5 15.1

-0.7 -0.9 6.6 -25.0 18.0 -7.3 21.7 15.4 16.1 -57.2 -24.1 -6.3 -23.8 -22.3 -12.6 -13.6 5.3 19.9 -20.1 37.0 21.0 21.2 11.4 -36.0 -39.0 -5.5 -4.6 27.2 15.2 0.1 1.5 -2.7 -2.1 -47.6 18.1 29.8 10.1 -15.0 32.5 -76.3 -20.7 -10.1 -36.8 -9.6 -32.8 -25.1 -23.0 43.4 -35.1 16.6 14.3 24.1 -14.9 -18.5 -47.6 -15.0 -14.8 52.7 41.9 19.6 2.2 -1.2 -3.4 13.2 -0.6 -11.2 -1.6 1.2 -12.2 32.8 -5.9 4.4 2.2 6.6 -19.6 10.9 8.6 -2.5 3.5 -31.9 -30.8 -4.4 -5.3 -15.4 20.2 -8.2 -7.4 -19.5 -4.8 18.7

0.5 0.3 8.3 -27.8 18.8 -8.0 23.5 20.5 19.4 -61.1 -20.8 -3.5 -27.1 -24.2 -10.7 -15.7 7.8 12.4 -21.3 38.2 22.5 23.1 11.4 -33.3 -33.2 -7.1 -8.1 25.7 11.4 2.4 1.6 -1.6 1.6 -47.9 19.2 26.9 13.2 -16.2 35.9 -72.8 -21.1 -11.2 -40.9 -9.2 -30.3 -25.1 -25.1 42.7 -33.4 14.5 15.5 25.3 -15.7 -18.5 -45.9 -13.3 -18.0 54.7 48.1 15.5 1.4 -2.3 -4.6 13.0 -2.4 -8.9 -2.3 2.8 -12.1 32.1 -10.6 2.8 -3.7 6.9 -18.9 9.0 3.2 -6.4 -2.5 -31.0 -28.7 -3.9 -12.5 -18.2 17.5 -11.0 -7.8 -21.6 -2.2 19.9

-0.5 -0.3 9.2 -28.6 18.5 -5.6 22.3 17.4 22.2 -59.8 -22.0 -3.6 -18.9 -24.6 -13.0 -18.4 7.9 17.3 -27.7 42.6 19.8 21.0 4.4 -33.0 -35.6 -2.3 -2.7 24.8 7.3 1.2 3.0 -0.5 -1.6 -48.8 19.7 29.2 12.2 -15.4 33.3 -77.4 -18.0 -6.7 -32.0 -7.1 -28.7 -21.6 -17.9 43.9 -34.6 13.8 15.9 22.3 -14.4 -17.2 -44.8 -15.2 -13.5 53.9 44.4 18.5 0.9 -2.4 -0.7 9.6 -3.4 -10.7 -3.2 0.5 -16.4 32.9 -9.8 -1.3 -6.0 11.4 -21.2 3.4 3.0 -4.0 -1.1 -32.9 -26.3 -4.9 -9.9 -19.8 19.0 -8.0 -10.1 -21.8 -2.7 17.4

-0.7 -0.3 11.0 -31.3 20.2 -6.9 22.2 14.0 21.5 -58.7 -18.9 -8.8 -23.4 -20.9 -14.9 -16.3 7.8 16.2 -21.6 35.3 19.1 22.3 8.8 -33.4 -36.3 2.1 -2.9 24.6 10.7 -1.4 0.7 -2.0 0.7 -49.9 20.5 26.0 11.3 -15.7 35.0 -75.8 -18.1 -10.7 -34.8 -10.4 -37.8 -24.0 -21.4 46.0 -33.9 20.2 17.1 20.3 -14.5 -16.7 -51.6 -12.4 -12.9 55.7 47.1 12.7 2.2 -1.9 0.1 11.2 -1.6 -11.1 -3.2 2.4 -15.3 35.6 -9.4 6.7 0.4 3.0 -9.2 8.7 3.6 -5.6 -1.4 -30.0 -28.1 -3.4 -9.3 -16.2 15.5 -6.5 -9.4 -18.1 -1.5 22.1

0.1 -0.4 11.6 -30.2 22.4 -7.9 22.7 15.0 22.5 -57.6 -19.9 -7.3 -21.3 -22.8 -19.7 -15.9 9.2 19.9 -22.9 26.4 18.9 20.8 15.6 -35.3 -34.8 -1.9 -6.7 24.9 15.6 0.9 2.8 -0.9 -1.0 -44.2 16.2 32.2 13.2 -18.0 38.9 -74.9 -18.1 -7.1 -32.9 -11.3 -44.1 -28.3 -18.2 53.6 -35.3 18.2 16.0 24.0 -12.3 -19.7 -46.2 -14.3 -16.0 54.7 38.0 20.1 2.7 -0.8 -3.1 13.8 1.7 -9.8 -3.3 1.6 -13.2 32.3 -6.7 8.1 -3.4 5.0 -2.5 3.4 1.0 -3.4 1.7 -28.3 -26.8 1.2 -8.1 -9.8 16.6 -6.6 -10.6 -19.3 -2.4 20.0

0.4 -0.3 11.1 -29.8 19.2 -5.8 23.8 14.8 22.0 -60.9 -22.2 -8.0 -19.0 -21.8 -10.9 -17.3 9.9 10.5 -25.2 39.3 18.2 22.9 14.3 -35.4 -36.3 -6.3 -4.0 27.4 12.6 3.4 3.4 -1.0 1.6 -46.6 10.7 27.2 12.3 -19.0 32.6 -75.1 -16.2 -7.7 -29.8 -11.0 -41.2 -26.6 -17.7 45.1 -41.5 18.8 15.4 25.2 -14.8 -18.7 -42.3 -15.0 -12.9 53.8 50.0 23.4 6.6 4.5 -1.2 18.8 1.7 -11.0 0.5 1.6 -12.0 35.0 1.3 16.5 1.6 11.9 -7.2 7.2 2.7 -0.9 4.0 -28.6 -26.9 3.7 -8.2 -7.8 13.9 0.1 -6.4 -15.2 -1.2 20.6

0.0 -1.1 8.9 -26.8 18.0 -3.2 22.8 13.2 22.3 -57.8 -26.6 -7.5 -20.1 -22.1 -6.5 -13.0 7.8 10.9 -21.2 33.5 18.0 22.2 15.0 -35.1 -33.6 -8.0 -6.8 27.3 16.1 3.1 1.8 -2.0 1.6 -44.4 18.1 32.1 11.4 -18.1 36.0 -75.3 -15.9 -10.2 -34.8 -12.3 -38.4 -18.6 -16.2 49.6 -33.2 17.8 13.2 24.0 -17.7 -17.8 -40.1 -19.4 -15.6 55.0 49.9 17.6 7.0 5.3 -1.6 14.3 2.3 -8.0 2.8 -1.3 -10.5 25.4 14.1 14.9 1.0 8.3 -4.8 4.9 1.2 -3.2 -0.3 -31.9 -26.9 -0.4 -2.2 -5.0 17.3 -0.4 -6.6 -14.5 -2.7 18.4

0.1 -0.3 8.3 -23.9 18.2 -5.1 24.9 5.6 17.0 -52.0 -24.8 -8.2 -15.5 -20.6 -8.6 -14.4 10.1 10.9 -20.5 35.3 12.6 24.6 7.0 -31.8 -30.0 -5.2 -6.2 25.9 12.5 2.2 2.3 -1.1 4.4 -46.4 15.1 30.5 12.6 -28.2 38.4 -69.3 -17.0 -8.8 -33.7 -11.9 -42.4 -25.3 -17.8 58.2 -32.5 15.0 14.2 23.7 -15.2 -17.7 -41.7 -16.4 -14.0 54.7 47.5 17.0 7.0 5.4 1.0 15.6 2.6 -9.4 5.1 2.8 -7.2 20.6 12.5 11.3 5.0 7.1 -8.3 5.2 5.3 0.0 1.1 -32.6 -19.7 -1.6 -1.4 -5.5 18.8 0.8 -5.4 -8.4 2.0 17.2

-1.6 -2.0 8.1 -31.3 17.1 -7.0 24.5 2.9 19.8 -49.8 -23.6 -15.7 -19.7 -20.7 -26.3 -13.5 10.6 10.8 -27.5 29.4 16.5 17.6 9.5 -32.2 -32.9 -2.7 -3.2 20.3 8.5 0.1 2.1 -1.6 2.6 -52.4 14.4 28.8 13.9 -21.1 39.6 -66.2 -17.7 -13.5 -35.3 -10.4 -38.9 -24.3 -13.0 48.2 -37.9 19.2 13.6 24.4 -10.7 -20.5 -42.0 -14.3 -13.6 55.9 53.7 16.2 7.9 6.2 4.2 15.4 5.5 -5.1 -0.4 4.8 -4.7 17.4 10.7 18.6 -1.8 13.1 -7.9 4.1 6.4 -1.2 -0.1 -29.1 -21.2 -0.3 -0.4 -5.5 20.7 3.3 -7.4 -11.2 3.6 18.3

-4.1 -6.1 4.3 -30.0 12.9 -4.8 23.0 3.9 17.5 -44.0 -25.0 -29.2 -13.8 -23.7 -16.6 -15.4 8.7 7.8 -22.6 33.3 10.2 22.3 7.9 -32.1 -33.7 -5.7 -3.4 18.8 6.4 3.4 0.8 -3.7 -3.1 -51.9 20.6 30.6 13.4 -29.6 39.9 -68.4 -17.3 -18.7 -31.5 -15.0 -42.4 -26.9 -16.9 46.8 -34.6 12.5 14.0 25.7 -20.1 -19.0 -40.7 -16.0 -13.2 55.0 49.1 19.2 10.6 8.5 5.1 15.9 3.3 -3.3 1.0 0.6 -6.0 17.7 9.6 23.2 -5.1 16.9 -8.0 3.6 7.9 -2.6 1.2 -25.8 -14.6 1.2 -0.7 -5.1 17.1 -1.0 -5.9 -6.5 10.7 22.9

-4.2 -4.9 6.1 -28.0 12.7 -6.5 23.3 7.3 11.5 -43.8 -23.9 -23.7 -20.8 -21.8 -17.7 -14.5 13.0 19.8 -19.9 28.1 3.1 18.7 7.2 -38.2 -39.7 -1.3 -4.0 20.0 1.2 -0.6 1.1 -2.0 -1.9 -55.5 21.5 26.4 14.7 -23.4 33.3 -68.4 -15.7 -13.7 -33.1 -12.9 -43.2 -28.3 -13.0 47.6 -36.9 12.1 9.7 24.5 -18.7 -20.0 -38.8 -14.9 -18.4 59.9 48.4 14.1 9.2 6.4 5.2 17.1 5.0 -2.3 -0.9 3.1 -2.0 17.7 5.6 19.1 -2.3 14.6 -12.6 4.3 2.9 1.4 -1.4 -22.1 -12.1 -2.6 -0.3 -1.9 16.1 -4.0 -7.0 -6.2 11.7 23.4

TABLE 4 (continued) : Monthly

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

PRICE TRENDS OVER NEXT 12 MONTHS (Question 6)

Ave. Value

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

08-09 -11.2 20.0 09-90 48.9 21.8 19.8 20.1 20.8 21.3 21.3 22.8 24.1 EU 08-09 -16.0 18.8 01-91 50.7 18.0 16.2 16.2 17.5 17.5 18.1 18.3 20.1 EA 08-09 -13.6 19.1 10-01 45.6 19.3 19.8 18.0 18.4 21.1 20.2 27.4 23.7 BE 07-01 -3.2 33.0 12-06 54.4 33.8 31.2 27.8 30.7 29.4 30.8 33.1 31.2 BG 11-09 -8.7 34.4 03-98 72.0 23.8 22.0 23.8 25.7 24.1 23.6 27.3 32.3 CZ 07-09 -40.9 -1.4 06-08 31.5 20.2 23.9 22.3 23.7 21.7 26.9 28.7 27.2 DK 08-09 -18.1 25.9 03-91 57.9 18.3 14.4 15.1 16.8 19.9 20.7 21.9 21.5 DE 04-09 -28.8 36.7 05-04 87.8 44.8 42.0 40.7 40.0 46.3 43.8 53.3 55.8 EE 03-09 -12.5 28.0 10-00 54.9 17.3 19.7 21.2 22.3 23.0 26.0 28.5 19.0 IE 03-15 -16.6 29.0 05-90 60.1 9.8 9.4 9.1 3.7 10.6 10.4 -4.2 -0.4 EL 05-09 -29.9 10.2 08-12 40.0 12.4 15.3 15.2 16.8 10.6 16.3 12.2 21.5 ES 08-97 -13.4 14.6 01-91 53.6 26.8 25.7 24.1 29.8 29.0 26.1 25.7 30.7 FR 02-16 -6.9 22.4 06-08 52.2 21.4 18.2 22.9 19.6 20.8 21.3 19.0 17.3 HR 07-09 -29.1 10.2 02-91 61.8 0.6 -2.2 -3.1 -4.5 -8.4 -5.6 -7.0 -7.1 IT 01-15 -43.0 14.1 10-02 68.2 -12.6 -18.3 -11.9 -7.2 3.0 -1.9 0.4 -2.0 CY 05-09 -40.8 27.8 03-04 69.7 26.0 26.2 22.7 26.7 22.3 20.1 22.9 29.9 LV 06-09 1.4 43.3 05-04 74.2 35.2 37.2 39.5 37.8 41.9 38.3 41.1 41.0 LT 07-09 -21.2 14.6 08-07 44.1 15.9 18.7 16.0 12.5 20.1 16.9 24.9 22.0 LU 05-16 12.9 45.8 01-07 75.5 19.8 26.2 19.7 25.9 26.1 27.3 31.3 29.3 HU 08-14 -8.3 25.1 03-11 66.1 12.1 8.4 5.5 2.9 7.7 9.3 9.7 10.1 MT 12-02 -19.1 21.5 01-19 67.5 39.3 34.0 37.1 35.8 37.0 36.3 47.3 47.0 NL 12-95 -18.6 23.0 03-11 50.4 32.6 31.0 32.0 31.0 34.9 33.7 37.7 35.0 AT 01-16 -5.0 25.2 04-04 54.7 15.5 9.0 14.0 14.7 15.7 17.1 16.8 22.5 PL 06-09 -9.9 24.3 09-11 69.5 12.7 11.7 13.6 15.0 17.0 16.0 13.7 14.9 PT 01-16 -18.0 38.6 02-08 63.4 33.0 26.7 28.2 33.0 33.1 34.8 35.6 28.6 RO 10-09 -11.0 31.3 04-00 62.2 33.8 30.8 30.6 29.1 33.9 29.5 34.5 36.0 SI 01-16 -15.1 35.5 11-02 77.6 36.4 37.2 36.0 30.3 31.8 32.8 30.5 34.5 SK 12-95 -21.4 17.2 01-08 49.9 23.7 23.8 27.3 23.8 23.0 22.3 27.0 28.0 FI 03-05 -14.4 16.1 10-07 47.1 21.3 23.9 17.5 20.1 21.6 25.7 27.8 25.4 SE 07-09 -5.1 23.6 09-90 57.1 37.9 34.4 36.7 33.4 36.2 32.5 39.0 39.0 UK 04-16 -4.8 23.6 07-08 67.9 20.0 17.5 17.2 18.3 21.2 21.0 19.8 21.7 PRICE TRENDS EU 10-09 -7.0 27.1 07-08 73.3 18.2 16.4 16.2 17.9 21.0 20.6 19.5 22.4 OVER LAST EA 06-98 -1.3 40.2 05-08 83.6 43.6 39.3 39.4 39.8 42.4 43.5 42.7 47.6 12 MONTHS BE 06-01 5.6 46.9 05-08 85.9 45.1 45.1 44.8 43.8 42.5 43.4 46.3 44.2 (Question 5) BG 10-09 -36.5 8.5 03-98 63.2 14.5 14.3 7.3 12.7 7.4 8.4 6.7 14.3 CZ 09-93 -50.8 -14.9 07-08 55.5 -3.5 -4.2 -4.0 -8.6 -7.6 -6.3 -7.9 -3.8 DK 10-09 -24.9 27.7 07-08 77.8 21.4 15.4 16.2 17.7 22.5 23.1 20.8 22.6 DE 11-09 -35.0 38.6 04-08 88.3 69.6 65.0 62.3 60.4 63.0 60.3 61.6 61.5 EE 12-09 -35.1 31.8 12-02 78.5 9.7 8.5 9.3 15.9 14.5 13.9 13.6 12.1 IE 03-15 -9.1 40.1 01-08 84.8 15.3 18.3 15.5 17.6 18.6 20.3 10.3 8.3 EL 01-10 -37.5 25.1 07-08 65.6 15.7 18.8 19.7 18.8 21.7 19.7 18.6 27.2 ES 01-99 -22.6 23.1 06-08 82.5 23.1 23.8 23.0 30.1 31.2 30.0 30.0 36.2 FR 06-16 7.0 44.4 07-08 85.3 31.3 30.5 33.5 25.7 33.4 32.3 26.9 29.1 HR 12-16 -18.4 26.7 08-08 70.3 1.4 -0.5 -2.2 -4.4 -1.6 -1.6 -3.8 -3.0 IT 02-15 -37.7 20.6 06-08 68.5 -14.8 -28.0 -11.1 -12.0 -3.1 -2.1 -1.9 2.5 CY 02-10 -36.5 29.9 06-08 81.0 43.4 40.1 35.5 32.2 37.3 33.3 28.9 30.0 LV 10-03 -17.4 39.2 06-08 71.2 63.1 58.4 59.4 54.0 55.6 52.3 52.0 46.7 LT 11-09 -9.6 28.3 08-08 69.6 17.4 17.4 16.9 13.0 17.9 17.6 16.6 19.6 LU 05-16 -5.5 34.2 06-95 71.2 2.1 7.6 4.6 10.3 6.5 11.8 14.5 14.3 HU 07-14 0.6 38.3 01-11 69.3 16.7 10.1 12.9 13.3 13.7 16.8 21.5 20.1 MT 09-09 0.2 33.7 12-02 86.3 29.2 30.7 31.0 32.8 37.9 37.5 41.5 40.1 NL 02-96 -48.2 21.3 06-08 79.8 35.2 31.1 27.2 29.5 31.2 29.8 33.0 32.3 AT 01-16 -15.1 21.8 04-11 55.1 18.0 12.8 13.9 12.4 17.8 15.6 17.9 18.1 PL 01-10 -16.5 32.3 05-08 74.1 9.0 4.3 7.3 8.4 9.9 10.3 12.4 11.2 PT 01-16 -33.4 43.5 06-11 79.3 35.3 29.2 28.1 30.0 34.9 39.5 37.4 31.5 RO 11-15 -2.6 34.4 02-08 87.8 21.0 23.4 19.9 22.7 24.2 20.1 22.5 23.7 SI 04-15 -20.1 22.2 10-99 69.9 23.4 25.2 26.2 23.2 24.0 24.0 23.9 24.3 SK 11-95 -58.5 -10.7 07-08 33.0 -19.8 -18.2 -17.3 -16.8 -14.9 -17.4 -15.7 -15.5 FI 03-05 -40.1 -21.8 07-08 21.9 -12.5 -11.5 -14.6 -9.5 -7.8 -9.0 -9.5 -9.4 SE 11-01 -15.1 15.9 08-08 59.6 33.9 28.3 28.1 26.3 29.5 29.3 27.4 25.7 UK 10-16 : : : : : : : : : : : : SAVINGS EU 09-16 : : : : : : : : : : : : EA AT PRESENT (d) 04-16 -60.0 7.2 02-01 69.6 -44.7 -42.9 -42.6 -42.8 -42.3 -45.6 -46.1 -46.8 (Question 10) BE 07-03 -76.5 -60.8 09-17 -44.3 -47.4 -49.8 -49.9 -49.5 -49.1 -48.5 -50.0 -47.2 BG 06-11 -37.4 -16.0 03-01 14.7 -3.5 -1.4 1.5 0.1 5.4 3.9 -4.1 1.7 CZ 01-90 50.7 65.7 07-08 82.8 54.8 58.6 61.5 59.2 57.8 63.3 60.9 59.6 DK 04-16 5.5 37.7 09-02 61.1 13.7 11.9 13.8 15.6 13.0 16.2 13.8 12.3 DE 09-96 -58.3 -26.1 02-07 -2.0 -13.8 -11.8 -14.9 -11.6 -15.8 -15.4 -15.8 -17.1 EE 01-13 -24.0 -8.4 05-09 19.3 2.9 -3.1 1.8 1.5 0.7 0.9 1.7 0.0 IE 06-17 -75.4 -51.0 07-08 -13.9 -62.6 -61.3 -57.7 -64.5 -63.2 -62.8 -63.5 -61.6 EL 06-08 -48.4 2.2 08-96 58.5 -23.1 -24.2 -26.2 -25.0 -20.8 -23.0 -23.0 -21.4 ES 12-16 -7.0 28.1 06-95 61.1 2.6 0.3 1.8 6.0 4.3 5.0 11.6 3.4 FR 07-05 -47.0 -34.7 12-18 -17.8 -22.4 -25.2 -27.6 -18.7 -28.1 -21.4 -21.2 -22.5 HR 06-04 26.0 54.6 09-09 84.8 64.8 69.7 68.9 69.0 66.5 69.0 68.3 76.2 IT 07-13 -50.5 -17.3 06-01 9.9 -8.8 -13.9 -10.8 -8.8 -14.1 -26.9 -24.3 -19.3 CY 08-09 -70.2 -48.5 01-18 -17.3 -28.4 -33.0 -30.4 -28.1 -29.9 -31.9 -29.2 -25.6 LV 10-05 -49.2 -26.8 03-15 4.0 -22.1 -18.2 -17.2 -9.4 -13.9 -12.8 -10.5 -10.4 LT 09-16 18.0 46.9 08-07 69.3 31.6 27.0 28.3 42.6 34.9 40.1 40.5 38.9 LU 11-95 -82.9 -61.4 12-00 -27.5 -39.3 -35.9 -31.4 -38.9 -35.5 -37.2 -41.1 -33.3 HU 04-11 -65.2 -38.0 02-18 20.8 20.8 14.4 15.2 11.5 15.3 13.1 14.0 19.9 MT 07-16 -23.6 -1.6 04-02 16.4 -16.0 -12.5 -8.0 -6.0 -8.1 -6.5 -7.3 -7.3 NL 04-15 -2.2 33.2 11-07 65.6 12.8 11.1 15.9 15.5 15.3 18.0 13.8 16.5 AT 09-01 -48.7 -19.4 07-18 11.2 4.6 4.0 1.0 2.7 2.1 11.2 8.2 3.0 PL 03-08 -53.7 -31.6 09-97 -2.3 -15.8 -14.3 -14.0 -12.5 -14.9 -14.3 -16.7 -14.0 PT 06-02 -62.1 -45.7 06-01 -23.7 -37.4 -35.2 -35.8 -33.9 -37.9 -32.7 -32.2 -29.1 RO 04-15 -33.8 -10.5 12-06 18.6 -7.6 -7.3 -4.1 -8.8 -3.2 -4.2 -9.3 -10.2 SI 10-04 -55.0 -36.3 04-17 -17.2 -21.3 -21.2 -20.9 -22.5 -23.5 -25.9 -22.3 -24.0 SK 04-94 -22.8 8.9 11-07 36.6 26.3 27.4 29.1 28.5 29.2 27.4 28.6 30.2 FI 09-01 -9.4 8.9 08-07 26.1 8.0 9.1 11.4 8.0 1.1 8.6 9.7 5.5 SE 03-09 -22.3 7.3 08-07 41.1 11.2 12.4 7.9 5.9 5.7 6.9 16.3 13.5 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 consumersâ&#x20AC;&#x2122; expenditure. (b) The indicator is the arithmetic average of the balances (%) of four questions: the financial situation of households over the last 12 months and over the next 12 months, the general economic situation over the next 12 months, and major purchases 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.

Oct

Nov

Dec

Jan

24.8 21.6 27.6 34.5 30.7 26.6 21.5 60.2 21.7 1.0 21.0 32.0 18.6 -2.1 -2.2 18.2 40.2 15.3 30.8 13.1 51.2 33.2 22.7 15.0 29.5 33.6 33.8 30.8 24.8 36.8 23.0 24.1 53.9 47.7 7.4 -6.8 25.9 70.4 12.4 11.6 27.5 36.9 28.7 -1.1 4.7 21.8 47.4 20.1 15.0 23.3 40.9 30.9 21.0 8.4 32.8 21.1 21.7 -12.2 -7.2 25.6 : : -46.3 -49.5 2.5 62.4 11.7 -22.1 0.2 -61.6 -23.3 3.3 -23.5 73.4 -18.7 -26.4 -11.9 43.3 -34.4 15.6 -6.4 15.7 2.0 -16.5 -29.5 -9.7 -23.8 30.6 5.6 12.2

24.5 21.2 21.5 41.1 33.0 25.9 21.2 58.1 25.1 4.1 16.0 33.0 12.7 -1.9 7.1 23.5 40.0 17.3 27.6 7.2 51.9 32.4 22.5 18.0 34.4 32.7 35.2 27.8 23.5 36.8 21.9 23.6 46.3 51.9 6.8 -6.8 26.6 66.4 14.5 10.7 21.6 39.1 25.3 -2.4 17.4 27.2 45.4 20.2 12.8 24.3 40.9 29.4 18.5 8.4 34.6 25.6 21.5 -12.5 -7.5 22.1 : : -44.5 -53.2 -0.7 57.0 16.5 -19.2 -0.1 -58.4 -24.6 2.8 -21.6 72.0 -30.7 -29.1 -6.8 33.9 -40.5 16.4 -5.8 20.6 7.5 -16.9 -29.6 -8.1 -22.5 32.5 7.9 12.4

23.2 18.7 18.9 38.9 29.9 23.8 21.9 55.2 23.9 8.2 10.9 25.0 13.3 -2.4 2.4 15.8 44.6 7.7 30.5 10.8 48.5 32.8 19.4 14.8 31.4 33.9 38.6 24.7 26.9 40.2 21.0 22.7 43.4 50.6 5.0 -5.9 26.1 67.3 11.7 16.3 19.4 38.2 28.9 -2.8 11.8 25.4 44.3 16.9 15.3 21.7 38.3 27.7 21.3 10.1 29.8 24.0 21.9 -15.0 -7.0 20.1 : : -47.2 -53.1 -1.4 57.9 16.8 -23.4 2.5 -56.5 -27.4 -5.4 -17.8 70.6 -28.3 -27.8 -5.7 42.2 -34.8 8.4 -9.2 19.0 5.8 -17.9 -28.6 -6.5 -21.6 29.2 2.7 15.5

21.1 15.5 16.5 41.2 37.1 23.2 20.1 50.2 26.3 5.0 12.5 11.1 6.3 -7.6 -1.2 13.4 40.5 23.0 33.9 14.3 67.5 31.8 22.9 9.5 36.2 33.8 50.4 24.9 27.3 39.7 17.8 18.9 48.0 50.8 7.9 -5.9 23.8 64.0 13.6 14.8 16.7 25.2 21.5 -4.3 7.2 25.4 42.9 20.1 17.4 25.2 39.0 27.7 21.9 6.5 37.7 24.5 25.5 -18.0 -7.9 16.7 : : -48.9 -52.4 0.1 58.8 15.1 -20.6 : -54.1 -22.7 -3.3 -20.6 67.7 -26.5 -31.1 -5.6 36.7 -34.7 7.0 -7.8 15.7 2.9 -18.4 -32.0 -2.9 -23.6 27.5 5.0 11.0

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. -62.7 -65.1 -67.3 -79.0 -69.0 -63.3 -55.7 -73.8 -47.5 -74.0 -75.4 -76.2 -78.0 -72.5 -69.0 -64.3 -76.8 -62.7 -79.4 -82.8 -31.7 -57.4 -68.1 -70.6 -75.6 -65.4 -79.0 -54.9 -48.4 -52.9

2017

2018

2019

Max. Date

Value

III

II-99 I-00 II-95 I-19 I-19 I-97 II-90 II-03 IV-99 II-00 III-99 III-17 IV-18 II-90 I-04 I-02 III-01 III-02 I-00 III-18 II-99 III-00 II-18 III-98 IV-08 I-01 I-15 IV-02 I-00 II-99

-46.9 -48.0 -45.1 -64.4 -53.6 -42.9 -27.7 -52.8 -20.5 -38.2 -25.2 -68.7 -64.3 -46.5 -44.6 -11.3 -65.4 -23.8 -32.8 -66.3 -19.0 -40.0 -54.3 -41.3 -60.6 -43.7 -73.8 -31.0 -26.5 -34.1

-64.6 -71.3 -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

-64.9 -70.1 -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

-63.9 -69.7 -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

-64.5 -70.1 -77.8 -71.0 -58.1 -49.9 -66.9 -75.5 : -92.8 -81.9 -71.1 -69.6 -79.6 -70.6 -68.0 -73.6 -66.6 -77.2 -73.0 -31.2 -58.7 -57.1 -80.3 -77.9 -63.7 -77.2 -56.6 -51.1 -44.4

-63.2 -68.9 -75.1 -70.2 -58.4 -50.6 -67.1 -75.9 : -92.0 -79.4 -69.1 -70.1 -75.9 -68.8 -64.3 -74.2 -68.8 -72.0 -73.9 -34.0 -57.8 -54.3 -77.9 -77.5 -65.3 -78.8 -58.5 -52.5 -42.7

-63.6 -70.3 -81.2 -66.2 -60.5 -54.2 -67.4 -73.3 : -91.3 -83.1 -70.5 -70.6 -78.8 -75.8 -65.9 -71.3 -70.0 -70.5 -66.3 -32.8 -56.8 -55.3 -81.9 -76.9 -64.7 -79.2 -56.6 -54.2 -38.3

-62.8 -69.1 -79.6 -68.7 -63.9 -54.4 -65.1 -81.8 : -90.6 -79.1 -69.6 -64.3 -77.6 -75.3 -62.6 -70.5 -67.0 -66.8 -71.6 -36.4 -59.5 -58.5 -79.4 -77.7 -64.2 -74.6 -57.9 -53.3 -38.5

-63.8 -70.4 -78.4 -64.4 -53.6 -54.2 -67.6 -73.9 : : -81.6 -71.2 -69.2 -76.0 -73.0 -55.3 -68.5 -68.3 -71.5 -69.5 -40.3 -59.4 -64.4 -82.3 : -61.8 -76.6 -62.7 -51.7 -38.8

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

-89.9 -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. -83.7 -85.5 -83.9 -90.5 -87.1 -76.9 -86.4 -84.8 -82.6 -86.0 -85.2 -86.1 -83.0 -89.7 -81.6 -81.5 -90.8 -78.6 -84.6 -88.2 -70.0 -84.2 -86.5 -82.8 -84.1 -82.0 -86.6 -83.4 -73.9 -77.4

2017

2018

2019

Max. Date

Value

III

III-90 III-90 II-95 I-19 III-18 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 III-18

-77.6 -79.3 -67.2 -81.3 -81.7 -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 -58.7

-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

-82.4 -86.7 -88.9 -86.3 -85.0 -65.9 -87.2 -85.7 : -95.7 -90.4 -83.2 -78.1 -92.2 -86.6 -82.0 -89.4 -78.4 -84.6 -79.4 -70.6 -80.6 -85.8 -91.1 -85.9 -80.6 -89.1 -85.6 -73.1 -66.3

-82.2 -87.1 -88.2 -83.3 -85.2 -73.0 -89.1 -84.6 : -96.8 -89.6 -82.8 -81.7 -92.0 -88.6 -80.6 -88.8 -74.0 -81.3 -82.2 -71.5 -82.7 -82.6 -89.5 -86.7 -79.4 -88.8 -85.2 -73.5 -63.7

-81.3 -86.9 -89.3 -83.8 -81.7 -69.1 -88.7 -85.3 : -96.1 -89.5 -83.0 -77.3 -92.6 -88.6 -80.7 -88.8 -80.6 -78.1 -83.0 -67.4 -81.1 -86.4 -90.1 -86.8 -78.0 -89.5 -84.2 -76.3 -58.7

-81.2 -86.3 -90.4 -86.0 -87.4 -71.2 -86.5 -90.0 : -93.6 -89.2 -82.1 -77.1 -92.8 -80.7 -77.9 -89.8 -83.9 -79.0 -85.3 -73.2 -83.4 -85.5 -90.4 -86.8 -79.3 -87.4 -83.3 -77.1 -60.2

-82.1 -86.8 -91.9 -81.3 -82.9 -70.7 -86.8 -87.9 : : -89.6 -84.0 -76.9 -92.6 -83.4 -75.3 -87.2 -79.9 -79.7 -85.9 -72.5 -80.8 -90.8 -90.7 : -79.2 -89.0 -84.5 -72.7 -63.5

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 II-18 III-98 II-96 III-96

-66.6 -68.0 -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 -67.9 -72.4 -46.9 -74.1

Ave. -58.7 -61.5 -49.2 -67.1 -31.6 -62.3 -50.2 -44.8 -64.3 -74.4 -77.2 -65.2 -66.1 -73.3 -67.7 -46.1 -64.8 -34.3 -70.9 -65.2 -51.6 -32.9 -42.6 -64.3 -52.6 -41.7 -57.2 -58.7 -26.4 -51.5

2017

2018

2019

Max. Date

Value

III

III-18 I-18 II-12 I-19 I-19 I-00 III-17 II-06 II-15 IV-95 IV-90 III-11 I-19 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 III-18

-49.2 -53.7 -31.7 -52.9 -15.1 -26.1 -38.4 -12.2 -46.0 -43.6 -60.7 -51.5 -54.5 -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 -34.6

-51.0 -56.3 -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

-51.7 -55.1 -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

-50.6 -54.1 -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

-50.7 -53.7 -45.0 -55.2 -20.6 -44.2 -38.9 -50.3 : -84.4 -75.1 -55.8 -55.5 -68.9 -70.3 -31.6 -61.2 -35.9 -74.7 -56.8 -38.2 -25.7 -43.4 -64.3 -56.6 -43.2 -62.7 -60.5 -28.6 -43.9

-51.0 -54.8 -47.2 -57.9 -25.6 -55.4 -40.4 -54.5 : -83.4 -76.4 -55.0 -61.1 -71.0 -67.6 -31.9 -66.0 -25.3 -68.6 -61.9 -39.6 -26.4 -40.4 -64.7 -58.2 -44.8 -67.9 -66.1 -32.4 -39.8

-49.2 -54.2 -48.2 -60.4 -20.7 -50.3 -39.4 -60.5 : -83.8 -78.4 -55.2 -55.9 -68.3 -74.3 -36.4 -61.7 -25.4 -61.6 -58.3 -38.0 -26.0 -34.7 -65.6 -51.0 -46.0 -64.4 -61.2 -32.3 -34.6

-49.9 -54.5 -50.0 -57.6 -26.3 -55.2 -40.0 -64.5 : -76.1 -77.9 -57.5 -55.2 -68.1 -70.1 -30.4 -62.8 -31.6 -62.5 -63.9 -38.0 -25.3 -40.5 -64.6 -49.5 -43.5 -61.3 -57.6 -24.4 -37.2

-50.8 -55.0 -53.4 -52.9 -15.1 -46.5 -41.3 -50.4 : : -74.5 -57.5 -54.5 -69.1 -62.1 -29.6 -60.4 -36.2 -66.5 -69.5 -37.9 -25.8 -45.0 -68.0 : -43.5 -65.7 -59.7 -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.

TABLE 5: Monthly

survey of retail trade (s.a.) 2018

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

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

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

Ave.

Date

Value

12-08 02-93 01-09 07-09 02-99 11-11 12-02 06-09 05-09 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 11-94 08-16 08-09 12-09 11-11 01-03 06-09 07-09 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 04-99 04-99 02-93 02-12 05-95 11-18 12-92 06-09 04-09 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

-26.6 -28.4 -27.9 -14.8 -1.3 -11.4 -41.2 -45.6 -38.7 -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 -32.8 -37.6 -30.9 -36.2 -2.6 -22.9 -54.8 -61.5 -50.2 -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 26.5 28.1 30.9 6.1 27.8 28.0 41.3 37.4 32.1 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

-6.1 -8.7 -4.6 14.6 15.4 6.4 -15.0 8.3 6.9 -1.6 -6.8 -8.1 -3.9 -10.9 -7.1 6.4 -0.5 : -5.9 2.5 10.8 -7.5 -2.1 -3.2 10.8 11.9 10.2 -1.1 11.6 1.4 -6.0 -9.8 -0.8 14.2 31.2 7.5 -10.9 15.5 8.0 -8.3 -27.0 -8.7 -9.2 -14.4 -24.1 4.8 -1.0 : -6.5 6.2 21.8 -3.1 -3.0 -7.4 16.7 14.4 14.7 6.3 18.7 5.1 15.8 15.9 11.5 -9.9 8.1 10.8 25.6 11.6 14.4 9.6 4.9 10.9 9.1 16.5 0.7 -1.2 2.9 : 15.5 10.1 8.2 22.1 2.4 10.3 2.2 9.7 8.2 17.6 27.3 17.2

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

10-15 10-15 10-10 08-94 11-07 04-15 12-90 04-07 06-00 07-07 12-15 12-07 06-18 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 02-18 01-10 09-15 10-15 06-90 10-10 11-97 11-07 04-15 11-90 04-07 06-98 09-07 01-16 12-07 06-18 05-00 04-07 03-07 01-07 : 09-18 05-15 06-99 02-06 12-07 04-99 09-97 11-07 11-98 03-12 07-06 01-11 04-10 02-10 12-13 07-96 10-14 05-13 09-90 07-96 06-00 01-16 02-96 03-09 10-15 11-13 04-05 07-96 12-99 : 12-16 11-17 08-09 01-00 12-93 10-13 03-17 06-17 01-03 01-16 06-10 08-09

9.2 5.9 13.7 31.8 29.5 17.0 22.3 35.6 37.7 39.0 17.0 8.8 19.4 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 26.2 47.6 26.7 19.0 21.4 35.0 51.9 67.2 44.1 52.6 71.6 53.7 63.9 19.3 24.8 33.8 45.3 25.9 36.2 75.4 : 21.5 61.6 61.3 26.6 23.8 21.9 57.3 63.1 57.9 48.8 66.9 48.9 5.7 6.3 -11.7 -52.2 -8.3 -6.6 3.5 -7.7 -0.1 -16.4 -7.2 -13.9 0.7 -5.6 -18.8 -17.2 -20.7 : -1.3 -2.2 -2.4 -1.7 -15.5 -12.6 -26.0 -14.9 -11.0 -8.5 4.0 0.9

4.6 3.7 -9.6 21.0 25.0 3.4 -1.1 13.3 11.3 2.8 13.0 -0.2 15.4 8.7 8.6 9.0 8.7 : 13.5 23.3 10.6 -10.2 9.8 2.6 12.1 20.1 24.0 26.2 20.2 2.8 10.8 11.0 -11.4 31.2 47.2 8.7 20.5 31.4 9.4 -5.1 8.3 2.7 29.0 12.2 4.5 14.2 13.5 : 18.4 25.8 11.2 1.0 23.4 8.4 25.7 13.7 44.8 32.6 30.8 0.6 15.0 14.3 13.8 0.2 7.6 10.8 22.9 13.1 3.9 7.9 6.5 13.7 9.2 12.6 9.0 0.4 3.4 : -0.3 3.1 6.7 28.7 6.9 5.5 6.1 3.8 6.6 -8.3 20.4 21.2

3.0 1.1 -4.4 18.5 23.7 7.2 -6.0 5.3 19.6 2.2 10.8 -5.1 11.4 8.9 12.6 5.7 7.7 : 10.6 5.7 9.8 -6.3 7.5 2.3 7.9 9.3 22.0 12.8 17.6 4.9 9.0 7.3 -0.9 26.6 47.1 16.5 10.9 22.4 30.3 -8.7 6.8 -6.9 12.7 16.8 7.3 9.4 14.9 : 14.7 2.8 20.1 -3.2 19.8 6.1 20.9 4.5 32.1 14.9 16.1 8.4 14.5 15.0 10.1 2.4 6.1 11.0 24.7 17.0 9.4 5.8 10.6 13.9 10.1 12.8 5.4 2.2 0.9 : 3.3 3.1 7.1 16.4 7.1 4.0 3.9 5.4 5.8 -1.2 17.4 16.2

0.2 -0.4 -7.2 16.5 25.4 7.8 -6.4 8.5 15.2 10.4 10.9 -4.1 19.4 2.1 8.3 7.1 8.2 : 8.2 1.4 5.3 -9.9 5.4 2.2 6.5 15.7 24.8 6.0 13.1 -4.0 3.7 3.8 -1.2 23.4 50.3 10.6 11.7 21.8 15.7 9.5 3.0 -6.1 28.5 0.7 13.5 11.2 13.2 : 9.1 8.3 8.9 -7.8 16.3 5.1 14.3 12.0 40.1 -0.4 14.2 -5.8 17.1 16.0 14.4 2.0 7.9 10.3 27.0 14.6 17.2 -5.7 7.8 13.1 3.1 13.9 9.2 2.7 0.4 : 2.5 6.7 9.8 27.7 6.6 2.8 -1.1 4.1 5.2 7.2 21.0 26.9

2.0 1.0 -9.1 17.6 23.9 5.7 -2.3 7.7 14.0 6.4 8.8 -4.7 17.8 4.3 9.6 8.4 7.5 : 7.6 9.6 6.4 -9.5 5.0 2.6 9.6 5.6 26.5 19.1 16.3 0.2 5.9 5.9 -10.0 24.4 43.0 9.7 19.4 17.7 9.8 16.5 2.1 -7.1 27.3 -4.2 11.8 13.2 13.0 : 4.5 12.7 16.3 3.7 11.8 5.0 20.9 -8.1 44.1 32.0 25.5 -2.8 15.2 14.7 13.4 -0.6 5.0 11.6 21.6 12.8 8.8 7.6 9.5 15.5 8.9 10.6 5.6 2.8 1.3 : -0.2 12.1 10.1 25.4 7.2 3.7 4.6 5.4 4.0 9.2 26.2 20.1

3.5 1.0 -9.7 17.9 23.1 10.7 -5.9 7.6 18.2 2.6 11.4 -3.1 19.4 7.2 5.8 8.8 6.9 : 10.4 -0.3 6.5 -8.1 5.7 1.8 3.4 21.5 27.2 15.4 18.8 7.6 7.9 4.5 -12.9 26.3 43.8 24.5 11.1 21.7 28.2 3.1 2.2 -6.0 33.8 0.9 0.8 14.7 15.2 : 14.7 7.6 17.2 -3.3 14.4 3.5 13.2 40.1 41.1 33.0 26.3 11.6 13.5 14.6 16.0 0.8 8.5 11.5 21.8 15.5 15.6 5.1 6.0 14.6 4.2 12.3 0.8 2.9 1.8 : 3.0 4.4 9.0 21.4 7.4 3.9 9.0 10.3 3.6 16.3 21.9 10.8

2.3 0.6 -14.9 18.8 20.7 7.8 -6.6 8.1 19.9 14.9 11.0 -1.1 14.8 4.8 4.6 9.1 9.3 : 8.5 12.3 6.1 -14.5 5.8 1.4 6.2 10.9 23.1 14.9 11.4 4.0 8.0 5.6 -21.9 26.2 38.0 14.0 13.3 22.8 29.2 20.2 8.5 -4.2 22.4 0.4 3.3 14.7 21.6 : 15.1 15.0 12.0 -8.2 14.3 3.6 12.1 19.1 39.9 23.1 27.7 9.8 16.0 16.1 15.1 1.3 6.2 11.6 25.8 12.2 14.0 9.6 9.1 13.5 4.6 13.4 3.8 1.9 2.1 : 2.9 5.8 8.5 31.4 7.0 4.3 6.2 2.8 5.1 2.8 28.6 18.3

5.2 2.2 -6.4 15.2 18.4 4.7 -4.6 10.8 18.8 19.7 11.0 -0.5 11.0 7.2 9.6 6.7 9.9 : 11.6 11.1 6.7 -12.6 4.9 1.3 3.6 10.6 20.2 15.0 14.4 14.5 13.0 9.0 -4.4 20.5 36.6 6.9 14.4 22.7 26.8 29.9 3.1 -1.2 11.1 10.8 5.8 8.4 19.1 : 16.6 16.1 19.1 -7.6 13.2 0.6 -5.6 11.7 33.7 31.3 20.7 28.2 13.9 15.2 14.9 0.7 6.0 13.1 24.2 9.2 9.2 7.8 8.3 13.5 5.3 11.2 -2.8 1.3 3.5 : -0.3 7.0 11.5 25.1 7.8 4.4 -1.5 6.6 5.2 9.4 24.9 11.5

4.4 2.7 -5.7 15.8 23.0 12.0 -2.2 14.3 22.9 21.0 9.2 -2.2 9.4 7.1 0.4 6.1 11.2 : 14.0 17.1 9.7 -9.8 6.4 1.1 16.2 11.7 25.5 16.0 17.9 5.0 12.1 9.7 0.9 21.3 40.2 20.8 17.1 36.4 32.3 18.7 5.9 1.4 8.7 5.2 -2.9 10.3 18.7 : 21.5 27.5 16.7 -3.9 14.5 3.1 18.3 15.1 41.4 31.5 27.6 15.4 13.9 13.4 8.5 1.7 4.8 11.1 20.1 10.3 9.0 -2.5 7.5 13.3 7.4 12.9 1.4 1.2 2.4 : 4.3 6.4 7.4 21.7 7.4 5.1 1.9 6.5 5.8 12.7 15.8 19.9

2.5 -0.5 -17.5 18.0 20.2 6.9 -5.4 5.9 10.7 16.4 9.5 -6.3 7.0 2.6 2.5 6.6 12.7 : 12.1 -0.5 10.4 -12.4 4.5 2.5 10.2 17.6 27.2 12.8 15.3 9.9 8.5 4.1 -29.7 22.7 35.7 9.4 14.3 10.0 5.8 21.7 4.6 -7.5 14.1 0.2 2.5 11.0 19.2 : 18.7 6.4 19.4 -18.7 8.5 4.5 9.2 29.4 43.9 21.6 25.4 21.0 11.9 13.6 10.4 0.7 7.3 13.0 20.7 10.5 7.2 3.0 6.7 12.2 9.6 15.1 11.2 1.4 3.2 : 2.8 6.2 6.5 17.4 7.5 5.9 -0.1 4.7 7.0 7.4 26.2 5.5

1.3 -0.2 -10.0 19.0 22.3 2.1 -5.0 11.0 18.8 10.0 10.7 -4.8 2.6 2.6 5.2 6.1 12.5 : 10.4 15.3 5.7 -13.3 6.7 1.8 6.4 8.7 24.2 7.1 16.5 1.5 5.9 5.4 -16.1 26.3 42.4 9.9 17.3 29.3 23.1 13.2 8.6 -6.6 8.2 -0.6 -0.8 7.7 17.9 : 10.4 29.9 9.9 -15.3 14.3 2.3 4.7 5.8 35.9 16.5 25.4 -0.5 14.9 14.6 13.3 0.6 5.5 28.0 22.9 13.6 10.1 8.8 6.5 14.6 9.4 11.6 2.5 0.6 2.8 : 2.5 6.4 7.4 21.5 7.0 4.5 2.9 3.7 6.1 8.4 22.8 16.9

0.2 -0.1 -5.9 21.6 23.4 10.1 -5.5 13.8 8.3 18.4 10.7 -8.9 7.8 5.3 1.5 9.0 8.8 : 8.5 -12.2 9.6 -8.8 7.6 2.1 13.5 13.5 30.8 7.8 16.4 -7.5 5.2 6.8 -8.9 25.0 41.8 14.3 16.4 35.4 9.4 24.6 9.0 -7.6 5.1 3.9 -3.7 13.5 11.6 : 8.6 -5.7 18.6 -15.8 15.9 4.0 26.4 13.1 45.6 28.1 22.6 -12.4 13.3 14.1 9.6 -0.1 4.9 11.3 24.1 15.1 16.3 4.6 5.1 16.3 12.9 9.6 4.5 0.4 3.0 : 1.8 9.0 8.0 10.0 7.1 5.6 4.4 8.6 5.4 11.5 18.3 13.3

-0.6 -1.9 -9.9 19.5 19.7 5.6 -8.8 6.4 12.4 23.0 7.2 -9.4 13.7 5.6 0.8 5.1 6.9 : 9.1 -1.3 7.1 -12.6 2.8 3.0 11.3 20.4 26.6 4.2 12.9 -1.9 1.5 3.9 -7.6 19.5 36.8 2.5 11.1 14.5 16.2 38.9 1.8 -8.1 13.0 5.7 -5.5 7.7 6.3 : 13.0 -0.3 5.1 -24.0 6.1 4.9 18.8 15.4 45.1 14.5 26.1 -18.1 12.6 14.6 14.1 0.6 2.5 10.5 23.6 12.2 4.6 -1.8 9.3 17.9 8.8 7.1 -0.1 0.6 3.3 : 3.5 10.6 9.2 16.9 5.1 3.6 1.7 6.7 5.8 7.9 22.6 7.1

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)

Ave.

Date

Value

02-09 02-93 02-09 02-97 02-99 02-12 04-09 03-09 05-09 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 02-09 04-09 01-09 02-97 02-96 02-12 10-02 03-09 05-09 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 05-09 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

-29.2 -32.6 -42.5 -39.3 3.5 -19.6 -43.7 -48.4 -35.4 -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 -34.9 -31.7 -37.3 -43.1 -32.4 -27.0 -46.4 -58.8 -47.4 -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 -17.9 -15.2 -17.2 -44.6 -40.7 -17.1 -33.6 -51.1 -14.1 -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

3.6 -0.5 -1.5 19.8 23.2 22.5 -8.5 20.3 27.1 13.2 11.7 -4.7 6.7 -1.7 3.6 13.2 2.4 : 4.1 11.6 18.7 2.5 -1.1 8.0 17.8 31.1 24.0 8.0 43.4 16.3 -5.4 -9.3 -7.7 13.3 20.5 7.9 -16.4 12.3 8.2 -0.8 1.4 -9.2 -7.0 -12.2 -13.3 5.8 5.5 : -2.1 0.5 5.5 -18.8 -1.7 -4.5 13.4 10.2 33.3 -8.7 12.9 6.9 -2.0 -2.9 2.0 -3.9 7.0 1.7 -7.7 -1.5 9.8 16.0 -0.7 -2.5 -1.1 -2.4 -2.4 0.8 2.8 : -5.4 3.1 3.3 -3.4 -5.3 -2.9 0.0 -4.4 2.2 -8.3 -8.2 2.5

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

04-07 04-07 01-90 01-07 02-02 01-11 12-90 03-04 11-97 07-07 03-15 06-07 01-19 10-15 02-08 02-07 11-06 : 02-98 09-15 10-99 03-05 02-08 07-98 11-95 01-18 12-96 04-07 01-10 09-15 02-90 02-90 01-90 01-07 02-95 11-14 09-90 03-02 08-00 07-07 02-18 10-99 04-18 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 05-00 03-91 01-07 05-16 02-08 08-14 03-91 04-07 03-98 03-98 09-17 12-00 05-18 01-00 06-08 04-07 11-06 : 12-18 08-18 12-10 08-10 02-08 09-97 12-98 11-17 09-02 02-07 02-10 10-97

20.2 16.2 26.8 56.6 46.1 58.7 27.0 57.4 74.2 70.3 39.9 20.0 37.0 40.9 54.7 38.2 62.6 : 36.9 49.9 45.3 30.3 16.9 40.6 73.6 67.6 60.0 41.2 86.2 51.6 10.5 10.0 19.8 49.5 57.6 30.1 20.3 62.8 49.8 46.6 25.6 12.6 27.1 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 7.2 7.9 16.4 18.3 37.3 15.2 10.4 25.0 36.1 62.0 15.0 12.3 31.4 34.3 13.1 24.6 74.3 : 12.9 45.2 20.7 12.7 12.9 19.4 64.2 59.5 32.7 11.1 23.1 33.4

18.1 14.3 -3.5 32.0 35.5 12.3 -1.0 21.6 28.3 21.2 37.1 10.3 26.6 26.4 30.4 13.3 16.0 : 22.0 47.2 27.2 -2.9 13.0 4.8 16.7 50.4 34.0 37.7 50.1 29.1 6.9 5.5 -15.7 29.2 10.4 6.1 -4.0 14.3 7.5 6.6 25.6 3.3 15.2 13.4 16.8 12.4 18.4 : 22.6 18.6 16.9 -16.0 9.6 -0.5 11.8 5.4 28.6 10.5 19.9 8.4 2.6 6.5 -3.4 11.9 26.7 7.7 4.0 7.4 12.5 15.4 10.0 0.7 14.4 14.9 0.4 6.0 15.3 : 5.5 20.7 10.5 -0.1 4.2 3.0 9.6 39.6 13.2 6.9 6.3 -17.3

14.5 11.0 -2.1 31.5 30.1 16.0 -4.1 10.5 38.1 20.9 36.3 5.4 31.8 22.7 36.0 9.7 9.2 : 20.5 17.3 16.5 0.7 9.9 5.0 6.5 28.8 39.6 22.3 54.2 22.5 6.2 4.4 -10.4 25.2 14.2 10.3 -5.6 10.0 23.0 16.0 23.6 0.9 11.5 10.1 24.3 10.2 10.5 : 17.7 -16.8 13.7 -9.3 6.6 0.6 1.4 -2.9 29.6 9.9 20.3 10.1 4.0 4.3 -1.9 12.8 29.9 5.0 0.6 -6.7 13.0 13.3 8.9 -0.1 15.7 8.2 3.2 2.0 10.2 : 6.2 13.3 9.8 5.3 2.8 2.3 9.7 46.9 18.4 8.0 3.7 0.6

14.1 11.1 -6.2 27.9 33.8 23.0 -3.8 18.2 47.2 16.0 37.4 6.7 32.6 19.5 20.5 12.7 12.0 : 18.1 2.6 16.9 5.8 6.6 4.1 4.2 39.4 39.4 25.5 46.1 20.8 5.3 4.5 -10.7 22.8 13.4 9.6 -7.7 12.9 22.4 5.8 24.3 4.2 27.1 12.2 13.4 8.0 2.4 : 13.5 -4.8 14.7 -8.5 4.2 0.0 -6.0 24.8 23.8 -2.7 19.4 5.8 4.6 5.1 -4.7 12.7 25.3 3.6 2.1 0.2 12.1 10.7 14.0 0.7 25.8 8.2 0.1 1.9 12.0 : 12.6 -10.9 14.2 -1.5 1.0 5.1 9.5 38.8 21.3 -2.0 1.2 1.5

15.3 11.7 -4.1 27.7 33.8 18.9 -4.5 18.1 41.0 10.4 33.7 8.6 34.8 27.7 22.6 14.8 10.8 : 18.2 28.3 13.1 -6.8 10.3 6.6 12.5 30.3 39.3 34.5 49.7 23.6 5.3 5.3 -6.3 26.1 16.8 9.4 -4.8 9.9 11.8 1.3 21.0 4.3 20.6 14.2 13.1 9.3 1.8 : 9.0 -14.4 11.5 -8.8 7.1 0.9 12.4 5.7 30.5 16.9 15.1 0.4 4.7 4.0 -4.5 9.4 31.9 8.9 3.1 -1.4 2.4 -1.4 11.4 -1.1 31.4 6.1 0.7 4.9 13.2 : 5.4 7.0 11.7 -1.6 2.8 4.4 6.1 39.4 19.2 5.4 4.5 5.5

16.0 13.1 -0.3 28.4 34.1 19.1 -7.1 16.6 42.0 9.9 38.0 11.2 28.6 33.1 17.3 14.5 7.4 : 19.4 -3.9 11.4 0.4 10.1 5.9 6.1 34.7 44.0 29.6 52.1 22.0 7.2 4.7 -12.5 26.9 20.7 8.3 -8.0 14.7 12.4 3.2 21.7 5.4 23.4 14.5 9.5 11.3 2.9 : 15.8 -1.7 10.4 -11.0 6.3 1.2 7.2 1.6 37.1 20.2 20.7 13.4 6.3 4.7 -9.0 7.3 29.3 6.4 2.1 -3.2 14.8 -6.2 14.6 1.7 25.0 9.2 0.3 5.3 11.7 : 6.2 5.0 8.8 -6.1 3.0 3.7 12.8 34.8 26.3 3.5 3.5 11.7

14.8 12.4 -7.7 31.4 30.2 21.1 -7.2 13.8 44.5 34.2 33.8 14.4 26.8 27.4 14.3 14.5 8.5 : 13.3 27.6 14.7 -3.9 10.0 4.8 12.8 16.3 34.5 24.5 35.2 20.4 6.2 4.1 -17.6 23.7 16.0 13.5 -8.3 9.8 27.2 19.2 18.9 6.9 20.4 12.1 8.0 14.3 3.5 : 12.2 6.3 8.5 -12.0 6.5 -0.3 0.4 8.9 30.5 8.9 13.4 11.7 4.2 6.5 -2.7 7.3 28.0 6.7 2.7 1.1 20.9 5.1 10.6 2.9 17.6 13.3 0.6 6.5 13.3 : 7.3 13.3 14.5 -2.5 3.4 5.7 15.2 23.6 22.5 6.1 2.4 -8.0

16.4 12.8 0.0 25.8 24.5 20.3 -4.0 18.7 38.8 37.0 38.0 13.3 27.3 22.1 20.3 13.0 14.0 : 18.0 24.3 12.4 -5.2 9.3 7.9 14.9 26.9 32.0 23.0 47.4 26.9 4.9 4.6 -16.0 24.6 18.0 8.6 -7.0 18.0 13.0 22.9 17.9 10.3 8.0 8.8 11.6 12.2 8.9 : 11.2 4.8 7.1 -14.5 5.3 1.9 10.1 7.7 26.0 19.3 24.5 0.6 4.8 4.0 -5.4 7.2 28.3 1.0 1.0 4.6 10.1 11.1 9.1 -2.8 15.3 13.9 0.2 2.4 11.9 : 6.6 45.2 10.6 -10.7 5.1 4.1 8.4 19.7 17.7 2.9 6.4 6.0

15.0 11.9 -9.4 27.8 33.7 26.4 -3.6 16.8 45.4 41.9 29.1 5.3 26.9 28.9 5.6 9.3 17.4 : 24.7 30.3 19.7 -3.9 12.2 5.4 32.1 26.4 41.1 29.3 42.0 19.6 3.9 4.4 -12.5 24.0 19.3 3.8 -3.7 21.3 22.9 32.6 18.7 2.9 14.7 8.6 -3.5 7.9 13.5 : 19.3 4.0 10.3 -14.0 8.2 0.8 21.7 10.9 26.1 9.4 10.8 -4.4 3.5 5.6 -7.3 11.4 18.3 4.1 1.0 6.8 10.7 39.4 9.7 0.5 16.8 12.2 0.2 3.4 12.5 : 10.9 24.0 12.3 2.5 4.4 3.0 12.6 40.8 17.6 1.0 9.3 -8.6

11.0 7.8 -12.4 32.1 32.2 24.4 -9.9 18.1 33.4 30.5 30.5 0.8 16.5 22.8 16.1 10.2 22.1 : 20.3 -1.8 18.3 -0.9 12.5 9.1 21.1 28.1 44.8 24.4 46.6 14.2 5.7 2.4 -10.0 27.1 22.8 14.2 -8.0 14.4 32.8 22.1 15.9 -2.5 3.9 10.0 7.3 5.5 14.1 : 15.9 -0.5 9.8 -7.5 8.4 3.1 25.7 8.1 31.6 12.6 16.7 12.4 -0.1 3.4 -4.6 11.5 20.0 6.4 -0.4 2.1 8.1 19.5 10.0 -2.3 14.0 5.6 1.3 5.7 9.9 : 5.6 12.3 16.3 -1.2 4.1 4.4 17.0 42.4 16.8 7.5 8.8 -20.8

13.0 8.7 -0.7 31.3 29.9 24.3 -9.3 17.1 43.5 25.6 30.1 6.7 9.1 20.1 18.9 11.3 22.2 : 23.2 22.4 14.8 -3.1 12.7 7.6 17.4 24.1 42.8 13.3 46.9 21.9 5.4 2.6 -2.4 25.9 17.5 2.4 -4.9 8.8 24.4 10.2 17.7 1.7 5.6 4.0 8.4 8.5 16.8 : 21.6 8.9 6.9 -13.5 8.5 0.7 12.7 -2.6 26.3 3.2 21.8 11.0 1.6 4.1 2.7 8.2 18.2 5.2 0.3 3.9 21.2 12.6 7.8 0.2 3.7 8.4 0.3 5.2 11.7 : 6.1 15.9 10.9 -3.3 4.9 6.1 13.9 53.3 13.7 -7.9 12.7 -13.6

8.7 7.1 0.8 39.7 33.3 27.2 -8.8 21.0 31.9 35.3 28.4 -2.8 31.0 21.5 12.8 13.9 17.7 : 18.6 -21.8 18.2 -0.8 14.0 8.0 18.4 36.2 52.3 6.8 44.9 3.3 1.0 1.9 -5.9 29.2 12.5 21.5 -5.7 15.2 16.6 22.9 14.0 -3.9 11.3 8.6 12.6 11.8 25.6 : 14.0 -18.5 8.7 -12.4 10.0 2.1 11.2 0.1 39.0 2.0 27.0 -13.5 1.2 2.8 5.2 10.1 18.1 7.0 -0.6 2.3 10.5 10.7 3.1 -3.6 15.5 11.6 -0.4 5.6 9.8 : 12.9 18.2 9.5 -6.2 5.7 5.7 19.9 38.4 19.6 -1.8 6.9 -11.5

9.4 5.1 -8.0 39.7 24.6 24.8 -14.0 16.9 25.6 28.2 29.1 -2.2 37.0 18.1 7.8 8.1 17.6 : 17.8 7.0 25.3 3.0 7.4 7.7 16.9 52.5 40.5 5.9 35.3 19.6 3.9 -1.1 -12.8 31.2 19.8 14.3 -7.7 10.4 14.7 19.8 15.5 -7.9 21.2 1.7 -3.7 15.5 24.5 : 12.1 10.5 9.4 -11.9 3.6 0.7 16.2 2.3 30.6 -4.6 10.4 19.4 0.3 3.2 4.9 9.7 18.6 5.0 -1.0 6.1 11.4 13.5 5.5 -3.8 20.5 14.2 1.5 5.8 11.1 : 12.4 17.1 7.4 -3.2 1.4 3.7 16.6 31.6 21.4 -10.1 11.7 -17.8

TABLE 5 (continued) : Monthly

survey of retail trade (s.a.) 2018

Since 1990 (*) Min. Date

Ave. Value

2019

Max. Date

Value

Jul

Aug

Sep

Oct

Nov

Dec

Jan

11-14 -2.5 9.6 03-11 26.7 13.2 11.4 12.2 14.2 11.3 12.9 EU 03-09 -8.7 5.7 11-07 21.5 6.6 6.5 6.1 7.6 7.0 7.1 EA 08-09 -13.2 5.3 04-11 26.4 5.0 10.9 9.1 7.0 11.8 10.5 BE 11-09 -9.2 10.5 07-08 45.8 6.9 5.6 5.6 6.1 9.5 7.7 BG 01-15 -11.9 3.5 01-04 22.5 7.3 7.5 13.5 12.5 9.4 9.5 CZ 02-13 -12.5 0.2 02-11 24.2 0.2 -5.5 -1.2 -0.5 -0.2 0.2 DK 11-09 -5.6 11.9 07-91 41.0 10.2 11.0 10.4 14.7 14.1 14.2 DE 03-09 -35.9 28.7 04-11 54.9 47.2 44.4 48.5 44.2 41.8 50.9 EE 07-09 -51.4 7.3 11-07 39.0 10.4 10.9 7.6 24.4 15.8 23.6 IE 06-12 -35.2 -0.9 05-08 33.6 0.1 3.2 1.3 4.6 -4.7 3.2 EL 02-09 -18.6 4.8 01-05 28.7 5.1 4.2 3.2 2.6 0.9 2.2 ES 03-09 -29.4 -2.6 09-95 15.5 2.0 -2.7 -0.4 -0.5 -3.1 -0.6 FR 02-14 -13.2 1.0 06-08 31.6 7.1 4.4 12.2 10.9 11.2 8.0 HR 08-05 -14.5 7.9 06-08 33.1 4.3 9.5 5.6 6.5 8.3 4.7 IT 04-13 -27.7 3.9 07-08 34.3 4.6 2.8 11.2 3.0 3.2 4.3 CY 01-10 -22.5 20.7 05-04 55.7 22.6 17.4 16.0 15.5 17.0 15.8 LV 07-09 -46.5 8.6 04-11 61.7 1.5 -2.0 0.5 2.0 9.7 4.9 LT : : : : : : : : : : : LU 03-10 3.6 39.0 05-96 81.3 27.0 36.7 25.1 20.7 32.1 39.6 HU 02-14 -25.0 6.7 04-15 33.7 12.6 -5.9 -5.4 -5.1 8.1 3.0 MT 11-10 -18.7 5.7 10-12 26.2 2.8 0.0 2.8 3.5 3.5 4.2 NL 09-09 -1.0 13.8 02-08 34.1 17.1 14.7 12.0 13.9 17.5 13.9 AT 07-02 -7.0 14.0 03-09 39.4 11.8 12.7 9.8 12.0 12.7 12.5 PL 07-03 -21.5 3.8 07-05 25.3 1.8 0.8 0.9 2.7 2.0 1.7 PT 01-16 -14.9 24.9 10-04 56.0 24.8 17.7 18.6 29.8 26.1 26.4 RO 03-09 -32.6 9.7 02-08 40.2 6.9 8.2 9.0 2.4 -4.8 13.2 SI 07-09 -36.9 15.5 11-02 73.9 9.9 18.1 18.6 23.5 28.6 19.8 SK 03-15 -48.9 4.4 07-11 59.6 36.2 26.6 23.8 18.3 19.6 15.3 FI 07-05 -10.3 13.5 11-18 38.8 13.6 13.6 14.7 24.3 25.4 32.8 SE 05-15 -17.3 23.7 01-11 66.9 40.9 31.3 37.5 40.6 25.7 33.0 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.

14.0 8.0 6.9 10.7 8.4 -1.4 18.2 45.2 19.8 5.9 2.5 -1.6 6.2 5.2 7.7 14.3 3.5 : 32.8 4.2 2.9 21.2 11.3 5.0 17.7 6.3 18.2 3.0 27.1 37.7

15.9 7.4 1.7 10.2 7.6 -1.9 16.4 48.2 14.4 0.4 6.2 0.2 1.0 3.0 3.9 16.3 8.6 : 31.1 8.2 1.4 17.2 13.0 2.2 26.9 7.2 20.3 10.9 33.3 49.7

12.2 9.0 9.1 12.5 11.1 -1.1 19.4 46.4 14.2 6.5 6.0 -1.9 8.8 4.7 6.5 16.0 11.8 : 29.5 23.1 5.2 19.2 13.4 3.9 21.2 6.8 21.1 19.9 29.7 21.7

15.1 7.4 5.5 9.3 10.3 1.0 17.6 45.9 16.7 -2.5 7.4 -3.3 -5.4 2.1 2.0 16.0 14.8 : 33.3 -7.0 6.6 16.6 13.5 3.1 13.0 37.3 22.9 8.3 38.8 44.4

16.1 9.2 4.3 9.1 14.0 -1.0 18.6 49.0 9.8 -1.6 8.7 2.2 -8.8 -1.3 4.4 11.9 3.4 : 37.4 12.1 18.4 21.6 12.9 2.6 20.9 -22.7 26.7 25.9 32.1 43.5

12.9 8.7 4.9 10.8 17.3 2.2 15.8 45.3 28.6 2.6 6.5 -2.1 -3.6 6.0 5.6 11.8 2.9 : 28.6 -2.2 23.9 11.7 14.4 4.7 26.9 12.0 27.6 3.0 38.5 25.5

SELLING–PRICE EXPECTATIONS (Question 6)

Feb

Mar

Apr

May

Jun

TABLE 6:

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

CONSTRUCTION CONFIDENCE INDICATOR (a)

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

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

Ave.

Date

Value

06-93 09-93 11-95 10-09 02-99 10-09 12-02 04-09 04-08 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 08-93 08-93 01-96 03-12 10-13 01-10 07-02 07-09 04-08 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 01-96 03-09 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

-44.1 -45.3 -35.1 -56.0 -54.9 -50.0 -55.7 -76.0 -69.5 -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 -56.4 -56.5 -47.2 -82.2 -70.7 -66.0 -66.7 -82.8 -57.2 -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 -34.9 -36.3 -25.1 -49.3 -53.1 -38.0 -54.2 -75.9 -92.2 -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

-17.8 -17.1 -10.0 -24.0 -20.1 -9.4 -24.1 -1.1 2.2 -24.2 -13.8 -14.9 -21.1 -22.2 -24.5 -24.0 -31.8 -17.9 -14.8 -15.1 -3.6 -15.0 -31.2 -29.6 -14.2 -9.0 -25.0 -17.2 -18.7 -19.7 -26.9 -24.7 -18.5 -43.5 -28.0 -14.9 -32.6 -9.8 5.1 -45.3 -13.2 -23.3 -37.9 -35.7 -43.1 -42.7 -53.1 -20.6 -24.9 -29.7 -8.8 -22.3 -52.2 -45.1 -22.2 -13.9 -39.7 -27.0 -31.1 -33.6 -8.7 -9.4 -1.4 -4.5 -12.2 -4.0 -15.6 7.6 -0.8 -3.1 -14.3 -6.5 -4.3 -8.7 -5.8 -5.3 -10.6 -15.3 -4.8 -0.4 1.7 -7.7 -9.7 -14.2 -6.2 -4.1 -10.3 -7.4 -6.4 -5.8

2018

2019

Max. Date

Value

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

11-18 11-18 02-90 11-07 01-19 11-06 11-18 05-06 06-97 04-00 12-98 10-00 01-19 04-90 12-03 01-07 01-07 09-17 11-18 05-18 12-17 09-18 02-08 12-97 06-96 03-07 03-97 06-98 08-07 10-17 03-90 09-18 03-07 10-07 12-02 07-06 11-18 04-06 06-97 04-00 11-05 10-00 01-19 04-90 12-03 01-07 03-07 09-17 08-18 01-19 05-18 08-18 05-18 12-97 03-98 08-04 04-18 11-07 05-07 10-17 11-18 11-18 02-90 12-07 01-96 03-98 11-18 01-97 11-17 03-99 12-98 10-00 12-18 05-04 11-03 12-06 03-03 09-17 12-18 05-18 12-17 11-17 12-07 09-97 03-01 02-18 01-97 03-97 12-10 01-16

6.6 8.3 9.7 23.9 5.4 24.2 22.6 48.8 56.9 32.5 39.5 44.9 17.1 13.4 36.5 19.2 13.4 40.8 33.3 37.9 41.8 19.6 -0.7 1.9 34.6 27.8 17.5 36.5 47.6 10.7 0.4 4.1 3.5 0.8 10.9 33.4 26.0 59.1 75.8 16.0 54.2 50.9 3.0 6.5 43.0 8.5 1.2 33.4 40.0 39.4 41.4 19.8 -17.4 -4.9 63.2 31.7 -1.2 27.8 43.3 1.7 14.8 15.5 20.8 49.7 19.7 42.0 19.2 68.6 54.9 59.5 54.6 39.0 31.8 26.8 49.6 34.5 36.7 48.3 29.2 43.0 44.1 21.6 24.1 19.4 37.6 36.5 40.5 59.8 63.0 20.9

2.3 4.0 -5.3 -4.8 -8.4 -0.3 15.6 6.2 32.8 -45.1 -4.7 3.4 7.6 -12.1 -18.8 -1.2 -11.5 20.9 22.9 28.8 30.0 8.8 -6.0 -15.4 -14.9 24.5 -1.7 4.0 27.4 -4.7 -5.9 -3.3 -11.0 -28.7 -21.0 -11.8 19.1 -5.8 22.8 -57.4 -27.8 -5.5 -10.5 -22.5 -45.0 -9.8 -35.2 19.8 27.8 29.0 29.1 6.3 -19.1 -27.5 -21.0 12.5 -11.6 1.8 26.8 -15.3 10.4 11.4 0.4 19.1 4.3 11.3 12.2 18.2 42.9 -32.9 18.3 12.4 25.6 -1.7 7.5 7.4 12.3 22.1 18.0 28.5 30.9 11.3 7.1 -3.2 -8.8 36.5 8.3 6.2 28.0 5.9

2.8 5.0 -2.1 -9.8 -5.9 -1.9 15.6 8.8 27.2 -55.0 -5.2 5.9 6.9 -11.6 -15.6 -3.5 -8.7 19.0 20.7 26.2 36.0 10.8 -6.9 -13.4 -14.1 24.8 -5.5 1.5 26.3 -5.1 -5.6 -2.1 -5.3 -32.0 -17.8 -10.1 20.2 -5.4 14.3 -67.5 -25.4 -4.7 -8.6 -23.9 -36.6 -12.2 -24.9 18.4 25.0 25.5 36.3 9.6 -19.0 -26.3 -22.8 21.3 -12.0 -2.5 29.7 -19.5 11.2 12.1 1.2 12.5 6.1 6.4 10.9 23.0 40.2 -42.5 14.9 16.6 22.5 0.6 5.5 5.2 7.4 19.5 16.3 27.0 35.6 12.0 5.3 -0.6 -5.3 28.4 1.0 5.4 23.0 9.2

3.2 4.3 1.4 -10.1 -5.3 -2.7 16.0 6.5 28.1 -54.7 -12.3 4.9 8.4 -10.8 -16.7 -2.8 -9.0 15.2 21.7 25.0 35.1 11.0 -7.3 -9.2 -15.2 27.3 -1.3 8.4 28.6 0.5 -5.6 -2.8 -4.7 -31.1 -17.7 -11.0 20.3 -2.3 18.2 -59.5 -31.3 -7.6 -5.8 -22.7 -42.1 -11.5 -31.0 14.5 26.4 16.2 36.0 11.8 -18.2 -20.6 -23.2 23.3 -1.2 8.2 24.2 -15.7 12.0 11.3 7.5 10.9 7.1 5.6 11.7 15.4 38.1 -49.9 6.6 17.5 22.7 1.1 8.7 6.0 12.9 15.8 17.0 33.8 34.2 10.2 3.6 2.1 -7.2 31.3 -1.4 8.6 33.1 16.7

4.5 6.8 1.3 -9.7 -6.4 -0.1 16.6 3.0 26.4 -39.0 1.5 5.0 12.6 -10.8 -13.1 -1.2 -12.1 16.0 28.0 37.9 38.2 10.0 -7.1 -10.5 -13.9 26.0 -3.1 5.9 22.0 -2.0 -2.9 0.8 -5.1 -31.2 -17.1 -10.9 20.7 -3.3 30.0 -53.5 -14.5 -6.8 -2.4 -19.6 -36.5 -10.1 -31.9 17.0 36.8 32.8 41.4 11.4 -17.4 -21.4 -22.2 20.0 -4.3 1.0 23.5 -15.1 11.8 12.8 7.7 11.9 4.3 10.6 12.5 9.3 22.9 -24.5 17.6 16.7 27.5 -2.1 10.3 7.6 7.6 15.0 19.1 43.0 35.1 8.6 3.3 0.4 -5.5 31.9 -1.8 10.9 20.6 11.1

4.0 5.4 0.0 -10.1 -5.4 -1.8 15.0 11.5 22.7 -47.8 -1.4 6.4 13.9 -12.7 -14.5 -0.5 -11.2 16.1 29.0 25.3 31.4 8.1 -7.3 -7.5 -12.3 27.4 0.5 6.7 23.1 0.5 -3.0 -0.4 -6.2 -29.8 -14.7 -9.0 20.8 6.0 17.0 -56.0 -21.4 -3.3 -0.4 -24.0 -33.6 -8.0 -32.7 16.7 35.2 18.2 35.2 12.3 -18.2 -18.0 -20.5 24.7 -4.8 7.9 26.2 -11.9 11.0 11.2 6.1 9.6 3.9 5.3 9.2 17.0 28.3 -39.5 18.5 16.2 28.1 -1.5 4.5 6.9 10.3 15.5 22.7 32.4 27.6 3.8 3.6 3.1 -4.0 30.2 5.9 5.4 20.1 12.8

3.3 5.2 2.0 -10.3 -4.9 -0.1 19.0 12.3 34.2 -45.8 -17.3 8.2 11.0 -9.9 -10.8 -1.1 -9.0 16.2 30.6 29.1 34.0 17.6 -8.4 -9.9 -11.7 23.4 -2.5 -2.9 19.1 -1.9 -3.0 0.3 -4.8 -29.1 -15.0 -8.5 25.4 10.6 39.0 -62.7 -31.9 -1.6 -2.2 -18.7 -37.3 -8.5 -26.6 14.0 34.9 23.2 37.6 16.1 -19.1 -23.4 -19.0 21.4 -4.9 -4.9 24.6 -14.4 9.6 10.0 8.8 8.6 5.2 8.3 12.6 13.9 29.3 -28.8 -2.8 18.0 24.1 -1.1 15.6 6.3 8.7 18.4 26.3 35.1 30.3 19.1 2.3 3.7 -4.3 25.3 -0.2 -1.0 13.6 10.6

4.2 6.2 1.6 -9.0 -3.2 -0.9 17.6 9.5 36.5 -45.1 -10.2 8.4 11.7 -8.8 -10.9 -0.6 -13.2 16.8 32.0 21.5 32.5 15.4 -8.7 -12.9 -9.4 22.1 -2.6 13.1 22.8 -2.4 -3.1 0.7 -4.6 -30.4 -14.4 -10.9 24.4 7.3 31.8 -65.3 -31.3 -1.6 -3.2 -19.1 -33.4 -11.4 -30.3 13.8 40.0 20.0 37.9 19.8 -20.1 -25.7 -17.7 15.7 -3.0 15.6 20.4 -15.6 11.4 11.7 7.8 12.5 8.0 9.1 10.7 11.7 41.3 -24.9 10.9 18.4 26.6 1.5 11.6 10.2 3.8 19.7 24.0 23.0 27.0 11.0 2.7 -0.1 -1.1 28.5 -2.3 10.6 25.1 10.9

5.3 8.3 1.9 -9.6 -2.7 -0.5 18.0 12.5 35.9 -54.5 2.5 9.3 13.9 -11.1 -11.1 0.7 -12.4 17.8 25.9 11.8 35.1 19.6 -8.3 -12.4 -8.4 17.6 -11.4 14.5 15.8 -2.6 -0.9 4.1 -4.7 -30.0 -14.9 -11.9 24.1 4.8 35.9 -58.3 -5.6 -1.5 2.4 -21.1 -34.1 -7.0 -28.3 5.6 36.1 6.9 37.8 18.3 -19.6 -23.2 -17.2 10.0 -15.5 13.9 16.1 -15.9 11.6 12.5 8.5 10.7 9.6 10.9 12.0 20.1 36.0 -50.7 10.6 20.1 25.4 -1.2 12.0 8.4 3.6 30.0 15.7 16.8 32.3 20.8 3.0 -1.5 0.4 25.2 -7.2 15.1 15.5 10.6

5.7 8.0 3.3 -8.1 -1.4 -1.5 21.7 16.4 34.6 -51.4 2.2 4.7 13.8 -9.3 -7.7 0.0 -10.7 15.0 29.4 3.1 34.1 15.2 -8.4 -7.6 -8.0 18.7 -10.2 2.4 14.0 0.7 -2.1 2.3 -2.6 -28.2 -12.5 -12.6 25.9 7.0 40.4 -59.5 -16.1 -4.9 -0.3 -17.3 -26.3 -11.8 -31.7 8.9 37.4 -2.9 36.9 15.9 -20.4 -22.6 -16.9 14.9 -19.6 -2.6 12.9 -14.2 13.4 13.8 9.2 12.0 9.7 9.6 17.6 25.8 28.7 -43.2 20.5 14.2 27.9 -1.4 10.9 11.8 10.3 21.0 21.4 9.2 31.3 14.5 3.7 7.3 0.8 22.6 -0.9 7.3 15.1 15.7

6.6 8.3 1.7 -6.2 0.9 0.6 22.6 10.6 37.7 -43.1 -0.2 8.2 13.2 -12.4 -13.3 -0.8 -13.2 14.0 33.3 2.8 29.5 15.9 -7.3 -7.3 -6.7 25.9 -6.9 13.7 5.5 5.7 -1.6 1.1 -4.2 -26.0 -9.5 -12.3 26.0 5.8 36.6 -63.0 -23.3 -1.9 -1.7 -21.4 -35.2 -9.4 -35.4 7.8 40.0 4.5 33.4 12.5 -20.1 -21.0 -13.7 18.8 -22.4 12.0 7.4 -6.5 14.8 15.5 7.7 13.5 11.4 13.6 19.2 15.5 38.8 -23.3 22.9 18.4 28.2 -3.4 8.6 7.8 9.0 20.2 26.5 1.1 25.6 19.2 5.5 6.5 0.4 33.0 8.5 15.5 3.6 17.9

5.1 7.3 -0.6 -6.8 2.9 -1.6 20.9 7.9 41.0 -53.1 -6.9 9.7 14.9 -10.7 -11.3 0.6 -12.0 17.2 31.2 16.5 29.8 16.8 -6.4 -5.2 -6.6 16.3 -7.4 11.2 11.0 -0.1 -1.1 4.0 -5.1 -24.4 -9.5 -14.6 24.2 4.8 41.0 -72.8 -10.0 1.7 -2.0 -18.6 -29.8 -8.2 -34.4 13.4 33.3 9.2 32.6 16.3 -19.3 -15.9 -17.5 8.9 -21.9 14.2 8.9 -15.0 11.3 10.5 4.0 10.7 15.3 11.3 17.7 11.0 41.1 -33.4 -3.9 17.7 31.8 -2.9 7.2 9.5 10.5 21.1 29.2 23.8 27.1 17.4 6.5 5.6 4.2 23.7 7.1 8.2 13.2 14.9

5.3 8.2 -1.6 -7.6 5.4 -1.3 19.8 5.5 37.5 -51.3 6.5 5.4 17.1 -6.9 -10.6 -1.0 -10.8 14.3 25.8 32.5 29.7 10.4 -6.5 -10.3 -7.9 13.6 -10.3 17.4 7.8 -3.4 -0.3 2.9 -5.5 -27.6 -5.1 -12.6 23.3 -1.0 34.5 -67.6 -10.0 -1.3 3.0 -17.6 -26.7 -9.2 -35.0 9.9 33.9 39.4 33.2 9.4 -18.0 -22.6 -17.9 20.7 -21.1 23.5 7.0 -7.5 10.9 13.5 2.4 12.5 15.8 9.9 16.3 11.9 40.5 -34.9 23.0 12.1 31.2 3.8 5.4 7.3 13.4 18.6 17.8 25.5 26.3 11.3 5.0 2.1 2.1 6.4 0.5 11.3 8.7 0.6

TABLE 6 (continued) :

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

Ave.

2019

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

06-09 -32.4 -5.6 02-07 16.7 10.1 6.4 7.0 10.6 EU 06-09 -34.5 -6.7 09-06 16.1 11.7 6.3 7.4 10.7 EA 03-96 -25.3 -3.2 02-90 12.9 0.7 -6.3 -0.1 5.1 BE 10-00 -51.3 -8.5 12-05 28.2 9.6 6.7 3.3 3.4 BG 01-14 -11.1 25.3 01-05 78.4 36.9 35.8 37.5 37.1 CZ 03-10 -46.0 -2.3 02-07 21.0 14.6 13.7 14.4 11.8 DK 03-05 -45.3 -12.1 03-91 37.1 12.3 -2.6 -0.6 3.0 DE 06-09 -50.5 12.2 06-02 87.1 17.4 11.5 17.8 23.9 EE 03-09 -48.9 8.9 08-18 63.8 48.6 30.3 28.1 33.3 IE 08-11 -73.7 -7.0 06-98 60.6 -34.3 -33.8 -40.6 -44.3 EL 07-97 -50.7 -1.7 06-99 47.8 3.4 1.9 8.0 24.4 ES 01-93 -65.8 -5.3 04-00 51.3 20.5 20.4 17.2 12.6 FR 01-10 -54.1 -8.1 04-17 26.1 22.5 9.7 17.4 21.7 HR 02-93 -56.7 -14.5 06-04 19.4 -1.7 -6.7 -3.9 -4.4 IT 04-13 -77.6 -20.7 09-02 63.6 4.8 10.2 13.0 11.5 CY 07-09 -74.3 -4.6 06-02 41.9 16.9 5.4 2.6 7.0 LV 06-09 -85.7 -1.3 06-02 81.1 16.9 10.6 3.3 6.1 LT 08-99 -78.6 -18.8 09-99 49.4 4.2 6.8 9.4 6.8 LU 05-09 -54.5 -11.8 06-18 33.6 29.7 30.9 25.6 32.5 HU 04-09 -54.2 0.1 05-15 49.8 32.9 41.0 32.7 29.6 MT 03-10 -47.4 -1.1 03-97 36.5 30.5 30.5 23.4 36.4 NL 04-96 -83.7 2.4 01-04 30.2 22.6 20.2 23.5 26.5 AT 03-04 -26.9 3.3 01-05 45.3 13.0 9.3 6.9 7.1 PL 05-12 -66.8 -15.8 05-97 26.1 -6.2 -5.0 -2.7 -3.5 PT 06-99 -103.5 4.4 04-02 98.8 -1.9 -5.9 -5.9 -5.3 RO 10-09 -65.6 1.1 03-07 48.1 19.7 24.6 27.9 31.2 SI 06-99 -43.4 9.5 12-04 56.6 26.5 34.1 35.1 36.6 SK 09-91 -99.7 -3.0 06-98 47.1 17.5 3.2 7.7 -6.8 FI 12-91 -66.7 0.3 12-10 61.8 18.6 16.2 8.5 16.7 SE 06-91 -68.2 -5.5 01-14 22.9 -1.3 2.2 2.8 8.4 UK PRICE 05-09 -33.7 2.8 05-90 30.6 14.1 16.1 13.1 16.4 EU EXPECTATIONS 05-09 -33.2 -0.4 05-90 42.2 10.1 11.7 9.6 14.3 EA (Question 5) 01-96 -20.0 -0.9 01-90 32.5 3.2 4.4 6.2 4.2 BE 10-09 -18.1 22.7 01-95 91.3 5.8 5.8 4.6 3.2 BG 07-13 -32.8 21.1 02-95 81.6 21.5 14.3 18.4 20.5 CZ 02-09 -53.1 -13.2 02-06 8.3 -3.1 0.3 -1.7 -1.7 DK 03-96 -43.2 -9.4 02-90 44.7 14.5 11.2 10.9 11.9 DE 02-09 -59.8 25.0 04-94 88.3 41.3 37.1 37.2 32.9 EE 05-09 -98.7 20.5 03-00 89.8 43.0 46.0 43.6 41.8 IE 12-11 -47.8 -6.0 06-95 35.3 -23.3 -30.0 -20.4 -23.6 EL 04-14 -44.7 6.1 08-99 75.5 2.9 5.1 -5.7 19.8 ES 06-09 -55.7 -18.7 04-07 12.7 3.2 4.2 5.7 6.6 FR 07-10 -27.3 -1.7 06-08 48.5 18.9 19.3 19.2 23.4 HR 05-09 -20.7 5.5 05-90 60.6 -0.4 -1.1 -2.2 -0.9 IT 05-13 -62.3 -4.4 06-04 75.5 10.5 9.0 2.9 13.3 CY 05-09 -55.8 21.8 02-07 75.0 28.0 25.8 25.0 24.3 LV 03-09 -70.5 24.1 01-95 89.1 18.9 19.5 21.7 21.4 LT 05-93 -68.3 -27.5 11-00 24.8 -17.1 -18.1 -17.9 -19.0 LU 03-10 -22.6 4.2 12-17 43.5 38.1 33.4 36.3 36.7 HU 08-13 -30.2 4.1 05-08 58.1 28.3 19.7 24.9 15.6 MT 07-09 -22.5 22.6 03-18 77.0 52.4 77.0 64.9 75.1 NL 02-96 -59.6 -4.2 11-03 32.9 19.8 25.8 23.9 19.4 AT 03-02 -27.5 7.7 06-07 47.0 10.9 10.9 11.0 9.9 PL 08-12 -44.3 -9.7 06-90 45.8 -3.4 -1.9 -1.5 -0.6 PT 03-10 -8.0 42.6 11-93 97.2 20.1 20.1 15.9 15.6 RO 01-10 -44.1 -2.9 02-08 25.4 20.7 19.0 18.5 17.7 SI 02-13 -30.2 32.4 06-97 93.3 19.3 15.9 11.5 15.0 SK 04-09 -83.4 1.7 05-97 57.4 11.4 10.2 20.6 8.0 FI 06-91 -75.3 -6.2 02-11 63.7 8.3 4.5 -5.0 -7.3 SE 12-90 -56.0 14.7 01-17 44.5 32.1 38.4 31.4 32.1 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.

6.4 8.1 3.4 1.3 36.6 15.7 6.7 22.0 31.1 -44.3 10.1 10.3 23.9 -3.6 -2.5 10.2 7.4 5.1 33.6 49.7 23.9 21.6 4.7 0.8 -3.3 32.5 37.2 -2.1 0.7 -2.6 15.5 12.3 4.9 2.1 22.2 -2.0 15.2 37.5 40.1 -16.9 6.1 5.6 25.7 -1.2 15.0 27.2 21.9 -15.0 39.9 30.1 62.7 22.1 11.5 2.1 12.9 16.0 16.9 14.9 -2.6 33.5

6.5 7.1 7.8 -0.7 35.4 12.5 7.6 29.8 46.3 -20.2 -12.3 15.1 18.6 -0.5 3.4 12.3 5.9 4.6 30.6 34.1 24.7 27.3 2.4 -7.3 -2.6 31.4 32.0 1.6 5.6 2.3 14.3 12.3 4.1 3.8 21.4 -1.3 18.2 43.6 46.2 -22.3 -2.1 7.8 27.0 -1.2 10.7 25.2 24.0 -16.5 36.0 22.0 65.7 26.2 11.0 -0.9 12.2 11.1 18.9 2.4 -2.1 26.7

5.3 8.5 5.5 0.7 45.0 8.3 10.4 19.2 63.8 -31.1 -4.5 14.9 18.9 -2.9 9.8 6.7 7.9 5.3 29.8 32.3 25.3 24.1 3.0 -3.9 -0.8 25.6 33.9 5.8 3.6 -10.4 14.4 13.1 3.5 5.9 21.4 -3.4 19.8 42.6 41.4 -23.0 4.9 6.2 24.0 -1.2 14.2 23.8 21.5 -12.7 36.3 29.8 62.6 20.4 11.7 1.1 15.2 13.2 17.2 9.3 -0.8 24.0

6.8 9.1 3.0 1.0 44.7 11.7 9.1 20.9 49.5 -44.7 10.8 11.1 20.5 -2.9 15.5 6.4 12.0 -0.4 21.0 25.9 27.8 18.8 2.3 -2.0 1.0 14.8 26.0 4.7 -1.0 -4.1 16.1 12.0 4.1 3.3 20.7 -2.1 20.0 33.8 51.2 -42.2 1.1 6.7 21.9 -1.7 23.5 23.7 18.3 -6.6 31.4 13.8 59.9 23.7 10.9 -1.9 12.5 10.1 3.0 6.5 -3.7 38.8

7.3 8.2 6.5 0.9 36.7 4.3 8.2 24.9 47.0 -26.1 -1.7 11.3 20.1 1.8 9.0 8.0 9.2 0.6 29.6 17.6 32.0 21.0 2.0 -0.7 3.6 23.0 16.0 -1.4 3.4 3.4 14.9 13.0 4.7 5.6 20.4 -2.8 20.0 43.1 48.4 -29.4 9.2 4.7 26.9 -0.5 11.2 25.4 16.6 -13.7 39.5 6.9 60.5 25.2 11.0 0.8 11.5 12.1 6.7 -5.0 1.0 26.2

6.2 6.5 5.3 -1.4 39.0 5.1 10.6 24.2 47.1 -29.1 -8.7 11.2 24.0 -2.0 3.3 13.8 9.4 -1.5 28.1 27.9 26.4 20.7 2.8 -7.4 3.7 24.0 11.3 -0.4 -3.1 4.5 14.0 12.4 3.7 5.7 19.2 -2.6 25.1 33.8 42.1 -23.8 4.5 3.9 21.4 -2.1 4.8 23.8 21.9 -13.0 42.9 9.7 50.6 26.2 10.9 0.2 13.7 11.5 12.8 -8.7 -8.0 25.3

4.5 3.9 6.8 2.0 41.3 8.7 11.0 26.2 45.7 -33.3 -30.2 14.2 19.5 -2.0 5.7 10.4 5.9 -0.7 28.9 11.2 24.0 13.4 4.9 -2.8 -1.5 20.9 4.9 13.0 -4.7 4.4 15.2 13.6 4.8 6.5 19.3 0.2 25.8 33.0 49.3 -14.8 4.8 4.5 22.0 -2.1 14.8 20.5 21.5 -13.3 41.4 14.6 58.5 25.9 14.1 0.7 15.5 3.9 14.2 -6.6 -2.2 24.8

8.3 9.5 7.2 0.4 38.1 5.3 17.8 25.7 49.0 -43.1 3.5 8.8 18.0 0.4 10.8 12.4 12.2 1.8 29.2 33.3 26.6 11.9 5.8 -8.2 -3.4 35.8 11.7 7.0 -5.6 2.5 14.0 12.8 2.3 4.9 22.4 -2.6 22.7 22.2 57.2 -27.2 15.4 3.2 26.4 -2.5 7.6 26.5 17.4 -15.2 35.7 17.2 52.0 20.6 16.0 1.1 17.6 -2.0 15.2 -5.1 -11.1 23.8

TREND OF ACTIVITY COMPARED WITH PRECEDING MONTHS (Question 1)

Value

2018 Max. Date

Value

Feb

Mar

Apr

TABLE 7: Monthly

survey of financial services sector (a) Since 04/2006 Min. Max. Ave. Date Value Date Value

FINANCIAL SERVICES CONFIDENCE INDICATOR (b) 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

14.3 12.6 11.5 10.1 13.1 11.6 18.3 16.0 6.3 4.3 8.0 5.2

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

2018 Feb 25.9 26.2 26.7 28.2 25.8 29.2 25.1 21.2 8.0 5.9 13.9 11.1

Mar 21.3 20.8 18.1 15.8 20.2 22.9 25.6 23.7 6.2 4.3 9.4 5.7

2019

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

20.9 21.1 16.6 19.4 20.1 21.2 26.0 22.7 10.7 7.3 11.6 7.4

17.8 17.3 17.6 16.1 17.6 16.4 18.4 19.5 9.1 5.4 11.5 6.0

19.0 18.9 15.6 14.1 18.7 18.7 22.8 23.8 11.4 9.5 9.6 7.9

20.6 19.1 19.7 18.4 23.0 22.5 19.3 16.5 13.7 9.1 15.0 14.5

16.9 18.6 13.0 16.7 19.4 21.1 18.2 17.9 9.0 8.5 13.4 12.3

14.2 12.6 15.5 13.2 12.2 10.1 15.0 14.4 12.3 8.1 16.1 11.4

14.0 14.9 12.1 12.1 14.4 15.8 15.5 16.8 13.6 12.0 10.0 8.3

10.1 11.5 5.9 8.3 10.7 13.4 13.7 12.7 13.4 13.9 10.2 5.4

10.9 13.7 9.3 12.0 12.7 17.8 10.7 11.3 14.5 7.5 8.5 6.0

7.4 10.6 1.1 7.6 10.7 18.0 10.4 6.2 1.3 0.2 9.3 10.3

(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. Â© European Union, 2019 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:

ECFIN-BCS-MAIL@ec.europa.eu

Website:

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

Upcoming releases:

Flash Consumer Confidence Indicator

20 February 2019

Economic Sentiment Indicator

27 February 2019

Business Climate Indicator for the euro area

27 February 2019