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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Services Sentiment climbed to 5.8 in August 2026
FMPMonthlyReleased August 2026
Eurozone Services Sentiment climbed to 5.8 in August 2026, up 0.7 from July's 5.1 reading. The print exceeded the 4.9 consensus by 0.9. Services Sentiment has now risen for 5 consecutive months. Over the past 3 months, Services Sentiment averaged 3.95, vs 2.67 in the prior 3-month window. Services Sentiment is now the highest in 17 months.
Latest Release
5.8
Actual
4.9
Consensus
5.1
Previous
Median Absolute Error
±0.8
across last 12 releases
Last Call
Aug 2026
Predicted: 5.18
Actual: 5.8
Error: -0.62
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.56 | INDEX | Moves with | → View |
| FTSE 100 | ▼ Inverse | −0.45 | INDEX | Moves against | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| EUR/GBP | ▼ Inverse | −0.36 | FOREX | Moves against | → View |
| Euro STOXX 50 | ▲ Direct | +0.27 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Services Sentiment (European Union) was reported at 5.80 in August 2026. This beat the market consensus of 4.90 by 0.90. The reading rose from the previous value of 5.10. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 4.47, ranging from 2.20 to 5.80 across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 4.57, up from the prior three at 4.03. Volatility over the past year (σ 1.13) is lower than the prior year (σ 2.03). In August readings over the past 3 years, Services Sentiment has averaged 5.23.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with FTSE 100, negatively correlated (Bearish FTSE 100). Over the last 12 releases, the Sigmacast model's median absolute error is 0.80.
WHAT TO WATCH NEXT
The next release is scheduled for September 29, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 15) and ZEW Economic Sentiment Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Services Sentiment - EU
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About Services Sentiment — European Union
DEFINITION
Services Sentiment is a financial indicator that measures the overall sentiment and confidence of businesses in the services sector. It provides valuable insights into the current and future state of the services industry, which includes sectors such as retail, healthcare, and hospitality. This indicator is closely monitored by investors and analysts as it can be a leading indicator of economic growth and consumer spending. A positive Services Sentiment reading indicates a strong outlook for the services sector, while a negative reading may suggest potential challenges or slowdown in the industry.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 5.8, consensus 4.9. Prior reading (Jul 2026): 4.7. Before that (Jun 2026): 3.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.56) — a useful reference for index-focused traders.
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Economic Calendar - EU Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | EU | Balance of Trade | 8.6 | 3.7 | -0.70 | Medium | |
| 09:00 | EU | ZEW Economic Sentiment Index | 31.4 | 39.9 | 48.25 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | Industrial Production MoM | 0 | -0.4 | -0.50 | Medium | |
| 09:00 | EU | Industrial Production YoY | 0.1 | -0.3 | 0.70 | Low | |
| 09:00 | EU | Wage Growth YoY | 3.4 | 3.2 | 3.45 | Low | |
| 09:00 | EU | Labour Cost Index YoY | 3 | 3.2 | 3 | 2.98 | Low |