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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Services Sentiment climbed to 2.2 in May 2026
FMPMonthlyReleased May 2026
Eurozone Services Sentiment climbed to 2.2 in May 2026, up 0.8 from April's 1.4 reading. The print exceeded the 0.2 consensus by 2. The print is running well below the 12-month average of 3.6. Over the past 3 months, Services Sentiment averaged 2.9, vs 5.3 in the prior 3-month window. The reading is in the 15th percentile of the trailing 24-month range.
Latest Release
2.2
Actual
0.2
Consensus
1.4
Previous
Median Absolute Error
±0.99
across last 12 releases
Last Call
May 2026
Predicted: 0.7
Actual: 2.2
Error: -1.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/CHF | ▼ Inverse | −0.47 | FOREX | Bearish EUR | → View |
| EUR/USD | ▼ Inverse | −0.33 | FOREX | Bearish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Bearish XAU | → View |
| EUR/GBP | ▼ Inverse | −0.25 | FOREX | Bearish EUR | → 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 2.20 in May 2026. This beat the market consensus of 0.20 by 2.00. The reading rose from the previous value of 1.40. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 4.16, ranging from 2.20 to 5.70 across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 4.03, down from the prior three at 5.10. Volatility over the past year (σ 1.09) is lower than the prior year (σ 2.02). In May readings over the past 3 years, Services Sentiment has averaged 3.40.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/CHF (Bearish EUR). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.99.
WHAT TO WATCH NEXT
The next release is scheduled for June 29, 2026. Same-country events in the next 14 days include ZEW Economic Sentiment Index (Jun 16) and Economic Sentiment (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (May 2026): actual 2.2, consensus 0.2. Prior reading (Apr 2026): 0.9. Before that (Mar 2026): 4.9.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/CHF (Bearish EUR, r=-0.47) — a useful reference for forex-focused traders.