Source: European Commission

In June 2021, the Economic Sentiment Indicator (ESI) increased again strongly in both the EU (+3.0 points) and the euro area (+3.4 points) compared to May. At 117.0 (EU) / 117.9 (EA) points, the ESI by far outstrips its longterm average and pre-pandemic level, hitting a 21-year high. The Employment Expectations Indicator (EEI) also increased markedly (+1.2 points to 111.5 in the EU and +1.6 points to 111.6 in the euro area), bringing it to the highest level since November 2018 in both areas.