In July 2023, the Economic Sentiment Indicator (ESI) continued to decline in both the EU (-0.5 points to 93.6) and the euro area (-0.8 points to 94.5).
Economic Sentiment further down in the EU and the euro area; Employment Expectations mildly up in both regions
In June 2023, the Economic Sentiment Indicator (ESI) declined further in both the EU (-1.1 points to 94.0) and the euro area (-1.1 points to 95.3).
The EU economy continues to grow, albeit with reduced momentum. The Summer 2023 Interim Economic Forecast revises growth down for the EU and the euro area in both 2023 and 2024. Headline inflation is expected to continue declining, broadly in line with the spring projections.
This paper looks at global trade fragmentation from an EU perspective.