May 2014 BUSINESS AND CONSUMER SURVEY RESULTS Graph 1: Economic sentiment indicator (s.a.) 120 110 100 90 80 70 60 Euro Area (EA) long-term av erage (1990-2013) = 100 European Union (EU) 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 source: European Commission services May 2014: Economic Sentiment rises in the euro area, remains broadly stable in the EU In May the Economic Sentiment Indicator (ESI) rose in the euro area (by 0.7 points to 102.7), following its almost tantamount decrease in April. In the EU, the headline indicator remained broadly stable (+0.2 points at 106.5).1 Euro area developments In the euro area, improved sentiment was driven by higher confidence among consumers as well as industry and construction managers. Confidence in services and retail trade remained (broadly) unchanged compared to April. Amongst the five largest euro area economies, the ESI increased in Spain (+0.4), Italy (+0.5), Germany (+0.7) and, particularly, the Netherlands (+1.3). Only France saw sentiment slightly declining (-0.4). The moderate increase in industry confidence (+0.5) was backed by managers' more optimistic production expectations and a brighter appraisal of the current level of overall order books. The assessment of stocks of finished products remained virtually unchanged. Of the questions not included in the confidence indicator, the level of past production and, to a lesser extent, the current level of export order books were viewed more positively. The broadly flat development in services confidence (+0.3) resulted from managers' more positive appraisal of the past business situation and past demand being partially offset by lower demand expectations. Consumer confidence brightened (+1.5) thanks to consumers' more optimistic assessment of all components of the confidence indicator (future unemployment, expectations on savings, future general economic situation, expected financial situation). The flat development in retail trade confidence (±0.0) was the result of a strong increase in managers' appraisal of the present business situation that was fully absorbed by a more negative assessment of both the volume of stocks and the expected business situation. The slight improvement in construction confidence (+0.4) was backed by managers' more optimistic views on employment expectations, while their assessment of the level of order books worsened. Financial services confidence (not included in the ESI) saw another steep increase (+6.2). Important improvements were registered in all three components of the confidence indicator (past business situation, past demand and demand expectations). Employment plans increased in construction and industry, while deteriorating in retail trade and, particularly, services. Selling price expectations were revised upwards in construction and services, while declining in retail trade. No significant changes were envisaged in industry. After three decreases in a row, price expectations of consumers rose. EU developments The headline indicator for the EU remained broadly stable (+0.2), reflecting slipping sentiment in the largest noneuro area EU economy (UK, -1.0). Sentiment in Poland was flat (±0.0). In line with the euro area results, confidence in the EU improved among consumers and in financial services. By contrast, while EU confidence increased in retail trade, developments in the other business sectors were worse than in the euro area. Consumers' views on future unemployment as well as managers' employment plans in construction and services for the euro area were paralleled on the EU-level. Contrasting with the euro area, EU managers in industry revised their employment expectations downwards, while EU employment plans in retail trade were assed more positively. As for price expectations, EU results were similar to the developments in the euro area, except for a downward revision of selling price expectations in services. 1 The business confidence indices for France and the consumer confidence index for Ireland were slightly revised compared to the April press release. These revisions, together with the inclusion of the retail trade sector in the computation of the ESI for Malta, implied an upward revision of a decimal point for the EU ESI (to 106.3). Economic and Financial Affairs 2 10 Graph 2: Industrial confidence indicator Graph 3: Services confidence indicator 20 5 0 10 0 -10 Balances, % Balances, % -5 -15 -20 EA long-term av erage -10 EA long-term av erage EA -20 -25 EA -30 EU -30 EU -35 -40 -40 2004 2005 20 06 20 07 2008 20 09 20 10 2011 2012 20 13 2014 20 04 20 05 2006 2007 20 08 2009 2010 20 11 2012 2013 20 14 Graph 4: Consumer confidence indicator Graph 5: 0 10 -5 5 0 Balances, % Balances, % -10 -15 -20 -25 Retail trade confidence indicator EA long-term av erage -10 -15 -20 EA -30 -5 EA long-term av erage EA -25 EU -35 EU -30 20 04 2005 2006 20 07 20 08 2009 2010 2011 20 12 20 13 2014 Graph 6: 2004 2005 20 06 20 07 2008 2009 2010 20 11 20 12 2013 2014 Graph 7: Construction confidence indicator Financial services confidence indicator 5 45 0 35 -5 EA EU -15 -20 -25 25 Balances, % Balances, % -10 EA long-term av erage 15 5 -5 -30 EA av erage EA EU -15 -35 -25 -40 Graph 8: Graph 9: Price expectations in the EA 20 07 20 08 2009 2010 20 11 20 12 2013 2014 Employment and unemployment in the EA 0 30 10 10 20 0 20 -10 30 -20 40 Balances, % 40 20 10 0 -10 -20 -30 -30 Industry Consumers Construction -40 Industry Services Consumers (1) -50 -40 20 04 20 05 20 06 20 07 2008 2009 2010 2011 2012 2013 2014 50 60 70 2004 20 05 2006 2007 20 08 2009 2010 20 11 2012 2013 20 14 (1) Unemployment expectations (right-hand scale) Balances, % (inverted scale) Balances, % 2006 2004 2005 20 06 20 07 2008 2009 20 10 20 11 2012 2013 20 14 3 TABLE 1*: Indicators of confidence and economic sentiment (s.a.) Since 1990 (*) Min. Max. Ave. Date Value Date Value 2013 2014 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May EU 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction 1 = 6. ESI (n) 7. Financial services 03-09 03-09 03-09 12-08 06-93 03-09 01-09 -38.7 -31.1 -32.2 -26.7 -45.3 67.2 -20.0 -7.2 8.5 -12.2 -6.5 -19.5 100.0 12.8 06-07 06-98 08-00 04-07 12-06 05-00 04-06 7.5 33.5 1.6 7.7 3.8 117.1 43.3 -11.1 -6.1 -17.4 -10.1 -30.3 92.8 7.5 -9.9 -4.3 -14.7 -6.9 -30.7 95.3 7.1 -7.2 -1.3 -12.7 -2.5 -29.6 98.4 8.7 -5.1 1.1 -11.6 -0.2 -27.1 100.9 14.2 -4.3 3.6 -11.6 -0.9 -26.7 101.9 16.7 -2.0 4.2 -12.3 -5.6 -26.4 102.4 12.7 -2.0 5.7 -10.9 -1.5 -24.8 103.8 13.2 -2.5 7.4 -8.8 2.0 -24.6 104.8 14.2 -2.4 8.5 -9.3 3.4 -24.7 105.0 13.8 -2.7 8.4 -6.6 0.6 -24.5 105.3 10.9 -1.8 8.9 -5.7 3.0 -25.9 106.3 16.1 -1.8 8.2 -4.1 4.1 -25.6 106.5 21.9 EA 1. Industry 2. Services 3. Consumer 4. Retail trade 5. Construction = 6. ESI (n) 7. Financial services 03-09 03-09 03-09 01-93 09-93 03-09 01-09 -38.1 -26.1 -34.3 -24.8 -46.0 70.1 -21.8 -6.9 9.1 -13.2 -9.1 -18.2 100.0 11.1 04-07 08-98 05-00 06-90 02-90 05-00 04-06 7.9 35.4 2.4 5.2 6.0 118.6 42.6 -11.2 -9.5 -18.7 -14.5 -31.2 91.7 -1.4 -10.6 -7.7 -17.3 -13.9 -32.1 92.9 1.7 -7.8 -5.1 -15.5 -10.5 -32.6 95.7 5.2 -6.6 -3.2 -14.8 -6.8 -28.3 97.3 11.3 -5.0 -3.6 -14.4 -7.7 -29.1 98.1 8.6 -3.9 -0.8 -15.3 -7.7 -30.4 98.8 4.9 -3.4 0.4 -13.5 -5.0 -26.4 100.4 6.9 -3.8 2.4 -11.7 -3.4 -29.8 101.0 11.0 -3.5 3.3 -12.7 -3.0 -28.5 101.2 8.5 -3.3 4.5 -9.3 -2.5 -28.7 102.5 2.8 -3.5 3.5 -8.6 -2.5 -30.4 102.0 10.9 -3.0 3.8 -7.1 -2.5 -30.0 102.7 17.1 BE 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 1 03-09 04-09 02-09 01-09 11-95 03-09 06-93 06-10 04-09 07-09 10-09 05-93 02-09 09-09 03-98 02-99 02-99 01-99 02-09 02-13 10-90 11-11 10-09 02-09 03-09 12-02 04-09 01-03 12-02 03-09 03-09 02-09 04-93 06-09 04-09 03-09 : : 05-09 : : : 03-09 10-12 10-11 10-12 08-11 03-09 01-93 01-09 02-09 02-93 08-13 01-93 07-93 04-09 03-09 04-97 01-93 03-09 04-09 02-09 08-09 08-09 12-09 08-09 -33.8 -42.9 -26.5 -27.9 -35.1 70.9 -32.1 -13.6 -50.1 -14.8 -56.0 72.0 -35.6 6.4 -35.8 -1.3 -54.9 73.2 -34.5 -10.4 -11.8 -11.6 -50.0 68.7 -42.5 -19.9 -32.9 -37.4 -55.4 72.4 -39.1 -50.3 -56.3 -45.6 -76.0 68.6 : : -32.1 : : : -36.6 -46.0 -83.8 -48.4 -77.4 74.8 -43.2 -38.7 -47.6 -36.0 -69.3 72.7 -39.4 -28.8 -37.0 -27.2 -62.3 74.9 -30.1 -38.7 -51.5 -40.2 -49.8 73.7 -9.8 11.4 -7.0 -3.9 -9.8 100.0 -6.5 10.5 -33.8 14.6 -25.1 100.0 2.1 33.7 -13.0 14.4 -20.6 100.0 -0.7 4.7 7.6 4.8 -10.0 100.0 -7.8 18.0 -8.8 -11.7 -28.5 100.0 2.9 11.4 -16.8 7.6 -1.0 100.0 : : -7.2 : : : -4.0 9.9 -38.5 -2.5 -20.1 100.0 -10.3 9.3 -14.5 -10.2 -11.7 100.0 -8.3 -0.3 -18.7 -8.8 -13.8 100.0 -10.2 4.0 -33.2 -1.7 -32.8 100.0 06-07 08-07 12-00 10-10 02-90 06-07 01-08 03-07 08-01 08-94 11-07 04-07 06-00 02-07 10-06 11-07 01-05 02-07 09-94 05-10 11-06 07-13 11-06 05-10 02-11 03-99 11-10 12-90 02-90 08-90 12-06 01-06 04-06 04-07 05-06 09-06 : : 01-00 : : : 03-00 08-00 04-00 07-07 04-00 07-00 11-97 06-98 03-00 06-00 12-98 06-98 06-00 01-90 01-01 12-07 10-00 10-00 05-08 12-10 07-07 07-08 05-08 05-08 6.9 32.2 16.2 13.7 9.7 116.6 12.3 33.4 -13.0 31.8 23.9 120.0 29.8 52.6 3.9 29.5 5.3 118.8 16.7 28.4 19.0 14.9 24.2 117.3 16.0 50.1 10.9 22.3 2.2 119.4 28.5 38.3 12.8 35.6 48.8 117.7 : : 19.1 : : : 13.3 58.7 -5.8 39.0 32.5 119.1 7.1 54.0 5.3 9.5 39.5 116.3 14.7 16.2 3.3 8.8 44.9 117.9 11.4 36.6 -14.0 28.1 11.6 125.9 -14.8 0.5 -17.6 -14.5 -21.5 91.0 -10.7 -0.1 -37.0 12.4 -33.3 94.8 -10.2 22.9 -16.9 5.0 -53.8 89.2 1.3 -0.1 11.3 11.1 -18.0 99.8 -8.2 5.7 -3.2 -10.5 -6.3 99.7 -2.9 10.8 -7.9 13.7 -17.8 100.4 : : -15.3 : : : -8.8 -2.5 -66.5 -19.1 -34.1 94.0 -14.2 -18.0 -25.6 -12.5 -52.4 92.7 -14.0 -14.8 -30.9 -18.4 -31.3 89.3 -3.5 21.1 -35.3 -12.9 -35.7 107.8 -12.5 1.2 -15.2 -11.5 -22.2 93.1 -10.9 3.3 -37.9 11.8 -37.2 95.5 -8.2 18.2 -18.8 5.9 -47.7 88.0 -4.6 1.1 12.0 14.9 -17.5 98.2 -8.8 7.8 -2.3 -9.9 -6.8 100.4 -4.5 16.8 -8.6 8.7 -10.8 101.1 : : -20.1 : : : -10.6 -4.6 -70.9 -21.0 -32.2 92.1 -14.2 -13.6 -22.7 -9.3 -61.1 93.9 -12.1 -15.3 -25.8 -18.0 -31.4 90.6 -7.9 6.4 -27.2 -4.6 -32.3 104.8 -8.8 1.3 -11.5 -7.6 -17.5 95.8 -9.7 4.3 -37.2 12.4 -36.8 96.3 -7.7 22.8 -16.5 6.4 -52.4 90.3 -2.4 1.7 15.5 13.4 -15.0 99.7 -3.7 13.3 -3.4 -7.0 -5.2 103.7 -1.6 13.6 -6.3 10.1 -15.4 101.9 : : -8.2 : : : -10.7 -7.0 -76.6 -21.3 -30.2 89.7 -12.7 -11.1 -21.2 -6.5 -69.3 94.7 -10.7 -15.1 -22.0 -14.5 -30.0 92.5 -9.1 9.0 -29.2 1.5 -35.3 105.5 -8.0 7.0 -7.1 -2.4 -24.7 99.6 -10.3 6.6 -35.1 10.7 -33.2 97.9 -5.1 24.4 -13.4 7.8 -48.4 93.0 4.5 6.6 15.7 8.7 -17.2 106.4 -2.6 12.4 -4.0 -2.5 -3.1 104.1 0.9 12.0 -6.9 8.7 -15.5 102.2 : : -3.0 : : : -5.3 -9.7 -72.2 -22.5 -17.8 93.6 -11.4 -5.9 -17.5 -5.3 -51.4 97.2 -11.3 -11.1 -20.4 -8.6 -27.3 94.3 -12.5 15.4 -33.8 -19.7 -37.7 102.7 -10.3 11.3 -8.1 -7.0 -20.2 99.3 -11.2 3.3 -38.1 9.5 -33.2 95.6 -0.9 26.1 -13.6 5.7 -47.7 95.4 7.5 8.7 16.9 14.0 -14.5 109.2 0.4 10.2 -4.2 -2.4 -3.0 104.9 1.0 13.1 -2.8 9.2 -9.9 103.3 : : 2.8 : : : -9.9 -7.1 -66.2 -22.8 -37.1 91.7 -14.2 -7.2 -20.7 -5.0 -64.8 95.0 -8.1 -9.6 -18.4 -10.1 -25.7 96.6 2.4 16.8 -37.4 -5.4 -40.7 110.6 -4.7 14.7 -7.1 -5.2 -21.3 103.5 -12.5 3.9 -38.0 11.3 -32.0 95.2 3.5 25.8 -9.8 5.5 -48.1 97.7 9.5 6.2 14.9 10.5 -15.2 107.3 1.1 12.1 -2.1 -4.0 -3.0 105.7 -0.2 16.0 -1.5 11.0 -14.7 103.7 : : 3.4 : : : -11.0 -8.1 -66.7 -18.1 -33.4 91.6 -11.7 -4.9 -20.5 -2.6 -60.4 96.4 -9.3 -6.4 -26.4 -12.0 -29.2 95.5 -9.7 -3.3 -38.0 -11.5 -41.5 96.3 -6.3 12.3 -5.3 1.3 -23.6 102.8 -11.5 8.7 -38.9 9.5 -33.5 96.4 1.2 27.9 -10.8 11.7 -47.5 98.0 4.8 6.7 15.4 8.1 -8.0 105.4 1.0 12.7 -2.2 -3.7 -2.3 106.0 -3.5 13.9 -2.3 18.5 -19.9 102.7 : : 9.9 : : : -10.6 -4.9 -63.3 -15.0 -39.4 91.4 -8.8 2.9 -17.1 5.5 -46.9 100.5 -7.2 -9.9 -22.4 -7.3 -27.3 96.0 -3.0 21.0 -41.3 6.6 -38.8 107.3 -5.2 12.6 -2.6 0.4 -24.4 103.4 -8.7 9.4 -37.2 11.0 -31.6 98.8 -0.6 26.6 -8.4 9.4 -47.4 96.9 10.9 7.0 17.6 11.0 -2.9 110.3 0.1 16.5 -0.8 1.2 -7.0 106.7 3.8 15.8 -3.9 14.2 -19.1 104.8 : : 8.4 : : : -11.2 2.5 -64.5 -11.6 -23.4 92.6 -9.5 7.6 -12.4 6.6 -52.9 100.3 -5.5 -9.5 -20.2 -10.2 -30.3 97.5 3.1 14.5 -36.3 -6.1 -38.9 110.3 -2.9 20.5 -4.5 5.4 -19.4 107.2 -8.0 8.6 -34.9 12.3 -33.0 99.9 1.6 25.5 -8.4 11.9 -42.6 98.1 5.7 1.7 17.2 6.9 -2.6 104.9 0.1 17.7 -0.7 2.1 -5.4 107.1 1.4 14.4 -2.6 16.3 -24.5 103.7 : : 10.8 : : : -7.1 4.5 -65.2 -8.4 -23.2 94.8 -8.1 3.3 -14.7 1.1 -51.3 100.3 -7.4 -8.9 -23.1 -10.6 -31.1 95.9 7.7 -6.0 -35.6 8.2 -39.1 108.3 -3.2 12.7 -6.5 8.5 -20.2 104.6 -7.9 10.2 -32.5 18.6 -31.9 101.3 2.3 27.8 -5.4 12.1 -44.0 100.0 11.6 1.6 14.0 1.3 -4.4 106.3 0.9 15.0 2.3 1.2 -7.0 107.5 -2.3 17.2 -4.3 16.9 -21.7 102.6 : : 11.5 : : : -4.1 4.9 -59.7 -10.0 -13.5 97.5 -9.6 11.6 -8.3 7.5 -52.6 102.5 -7.6 -7.1 -20.2 -9.9 -28.9 97.1 3.8 -4.1 -34.4 -7.3 -33.0 106.6 -4.5 11.5 -7.6 5.1 -21.5 102.2 -8.3 8.1 -30.5 17.8 -33.0 100.8 2.4 25.8 -2.6 14.6 -39.3 100.3 10.5 -0.2 13.6 2.4 -6.9 104.9 -0.1 14.8 3.1 0.2 -9.7 107.1 -1.2 14.1 -2.7 16.2 -16.2 102.9 : : 12.2 : : : -8.9 6.0 -55.0 -9.7 -19.9 95.4 -9.3 8.4 -7.8 6.9 -54.4 101.5 -6.1 -6.3 -21.7 -10.2 -32.5 97.1 -4.6 -3.9 -34.7 3.9 -33.5 103.0 -6.3 19.2 -5.2 0.7 -22.1 103.7 -2.2 10.2 -31.1 14.0 -30.4 104.1 3.5 24.8 -3.4 12.5 -38.9 99.7 4.0 6.9 17.4 3.8 -12.0 105.1 1.2 14.6 5.5 -1.1 -12.4 107.8 -2.0 0.4 -5.0 14.1 -20.0 99.2 : : 10.0 : : : -4.9 6.5 -52.5 -7.4 -20.3 99.1 -8.0 6.4 -6.7 7.2 -48.3 101.9 -8.3 -5.5 -22.0 -10.6 -31.8 96.7 3.2 6.4 -36.2 -1.1 -35.0 109.2 BG CZ DK DE EE IE EL ES FR HR 4 TABLE 1* (continued) : Indicators of confidence and economic sentiment (s.a.) Since 1990 (*) Min. Date Value IT CY LV LT LU HU MT NL AT PL PT RO SI 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 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 06-13 06-12 04-99 09-93 03-09 04-13 04-13 04-13 04-13 04-13 04-13 04-93 03-09 07-09 02-09 07-09 03-09 04-09 03-09 01-09 04-09 05-09 04-09 03-09 : 12-08 : 03-94 03-09 03-09 03-09 04-09 03-09 04-09 03-09 03-09 03-09 04-11 06-12 03-09 03-09 02-09 03-09 02-13 06-09 12-12 03-09 03-09 04-09 04-09 03-09 04-96 04-09 03-09 03-09 08-01 03-03 02-02 03-09 04-09 10-12 10-12 12-08 05-12 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 -34.5 -27.0 -41.5 -65.6 -75.4 75.4 -37.4 -59.0 -64.4 -48.9 -72.7 69.9 -44.0 -43.9 -54.9 -35.2 -79.4 71.5 -41.4 -47.2 -56.1 -57.8 -92.9 69.7 -53.9 : -20.7 : -70.9 74.5 -34.7 -44.2 -68.8 -41.1 -56.0 58.0 -31.6 -22.0 -41.3 -19.2 -53.4 73.7 -25.4 -41.6 -30.2 -16.9 -47.7 68.5 -37.8 -24.9 -23.0 -26.4 -56.4 70.2 -29.1 -12.0 -40.1 -16.8 -67.9 77.6 -35.7 -38.0 -60.1 -30.7 -75.1 75.4 -22.2 -19.3 -63.3 -21.6 -60.4 70.8 -38.0 -28.9 -46.1 -21.6 -63.9 69.4 Ave. -5.2 1.7 -16.6 -14.7 -23.2 100.0 -3.4 -2.1 -35.5 -9.5 -22.5 100.0 -8.2 4.5 -22.6 6.4 -25.5 100.0 -11.6 7.8 -16.2 -2.0 -34.6 100.0 -15.0 : -0.9 : -22.9 100.0 -4.2 -9.8 -33.4 -9.6 -19.1 100.0 -5.5 19.4 -24.8 -5.9 -31.8 100.0 -3.1 5.9 1.0 11.4 -6.8 100.0 -5.0 14.6 -1.3 -7.6 -18.5 100.0 -14.4 4.1 -22.4 -3.4 -34.6 100.0 -7.9 -4.6 -26.9 -3.0 -32.0 100.0 -2.3 13.0 -30.2 11.2 -14.4 100.0 -3.2 12.7 -21.1 10.4 -13.1 100.0 2013 Max. Date Value 02-95 04-00 06-01 02-92 04-90 05-00 04-08 08-07 06-01 05-07 12-03 08-07 02-07 12-06 09-06 04-07 01-07 02-07 08-07 07-06 05-07 01-07 01-07 07-06 04-95 : 02-02 : 03-90 04-95 04-98 03-02 08-02 01-14 08-98 04-14 03-08 05-07 11-13 08-13 05-08 03-08 10-06 04-07 03-00 10-99 12-00 03-07 02-07 06-98 06-07 05-10 07-07 03-90 06-07 07-07 04-08 12-07 02-08 05-96 03-98 06-01 07-91 07-98 12-97 03-98 06-96 06-04 07-07 12-97 06-96 06-96 06-00 09-02 07-07 09-07 03-07 07-07 14.2 33.1 2.5 17.1 13.4 120.7 19.9 35.4 -13.0 20.6 36.5 116.7 11.8 20.9 1.0 22.8 19.2 115.1 9.8 34.3 9.2 41.7 13.4 118.3 24.1 : 13.4 : 26.4 122.6 10.4 13.8 0.2 14.1 11.5 121.9 18.8 65.2 1.4 3.9 2.0 126.4 7.6 46.5 30.8 33.3 27.1 117.3 15.2 33.4 16.3 13.2 5.8 118.9 -0.5 22.7 -0.5 11.9 -0.7 123.1 8.7 24.7 -0.5 14.1 1.9 116.8 27.3 56.2 -10.6 35.8 34.6 124.2 17.8 38.0 -4.1 38.2 27.8 120.8 2014 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May -14.6 -27.0 -19.2 -23.4 -40.6 87.4 -23.1 -39.6 -59.7 -32.1 -64.2 80.6 -4.1 3.0 -9.6 3.8 -14.5 103.9 -2.5 -0.9 -9.3 0.0 -26.8 104.7 -36.7 : -9.6 : -18.0 85.7 -3.9 -11.8 -33.9 -8.9 -27.2 99.8 -5.5 20.5 -11.6 -0.4 -41.8 104.6 -7.8 -8.5 -20.9 -2.6 -42.4 90.1 -12.4 -1.4 -7.4 -7.6 -10.6 91.5 -18.3 -7.6 -26.1 -7.2 -38.9 87.8 -15.9 -24.8 -52.9 -16.0 -62.8 86.3 -2.8 2.1 -34.4 10.5 -29.1 96.7 -4.5 -14.4 -37.4 9.2 -20.0 90.3 -12.9 -22.6 -18.5 -21.7 -35.7 90.2 -18.7 -35.0 -57.1 -29.8 -64.4 83.7 -3.6 3.5 -11.9 3.3 -15.1 103.8 -6.6 -1.1 -11.3 -5.2 -21.5 103.0 -37.9 : -12.7 : -13.6 83.0 -6.3 -13.7 -32.2 -8.4 -25.7 97.7 -7.3 26.3 -10.0 -0.2 -39.2 105.8 -7.1 -13.0 -23.5 -6.8 -44.0 88.1 -9.6 2.2 -12.3 -13.6 -11.5 92.8 -17.8 -7.0 -25.8 -7.5 -37.8 88.7 -17.0 -23.2 -52.1 -12.8 -63.3 86.2 -4.0 2.9 -34.3 8.0 -29.3 96.0 -6.9 -13.1 -35.4 13.4 -22.5 90.1 -11.9 -19.3 -16.9 -16.9 -36.7 92.2 -19.5 -35.5 -52.2 -31.3 -66.8 84.4 -4.1 2.9 -15.9 6.0 -19.5 102.5 0.3 0.5 -8.9 -0.2 -21.1 106.7 -39.7 : -7.8 : -9.1 86.2 -5.4 -3.0 -33.8 -8.9 -24.8 102.7 -9.1 12.0 -8.7 3.9 -38.2 101.8 -4.8 -9.4 -15.1 -0.8 -38.2 93.3 -8.3 6.7 -5.7 -5.9 -11.9 96.6 -17.1 -4.7 -24.4 -5.4 -36.5 90.7 -14.0 -20.6 -47.9 -12.0 -57.1 89.3 -3.2 3.0 -36.1 4.5 -28.1 95.9 -3.9 -11.2 -31.5 -0.8 -16.0 92.4 -8.8 -17.2 -18.1 -11.7 -34.5 94.6 -15.7 -33.3 -53.2 -31.4 -55.1 86.4 -4.0 3.0 -13.7 5.1 -18.6 103.1 0.3 -5.1 -10.1 -7.9 -25.3 105.3 -31.4 : -2.9 : -18.0 92.0 -1.7 -9.6 -28.2 -5.7 -20.9 103.8 -8.2 12.8 -5.5 -10.7 -42.1 102.7 -5.2 -6.4 -18.2 -1.4 -37.0 92.5 -7.1 6.2 -4.4 -9.6 -20.4 96.6 -15.9 -3.6 -22.4 -6.0 -36.0 92.5 -13.2 -19.2 -43.7 -10.7 -53.8 91.0 -1.9 6.2 -34.6 1.1 -29.6 97.7 -4.0 -14.3 -30.3 0.0 -17.5 92.5 -7.9 -23.4 -19.1 -14.1 -33.1 92.7 -17.4 -29.7 -53.1 -25.1 -50.7 86.9 -4.4 3.7 -14.5 5.6 -20.1 103.0 -6.3 -6.2 -9.3 -4.1 -21.1 102.9 -33.7 : -1.2 : -11.7 90.3 -1.3 -2.5 -27.0 -2.9 -15.0 106.6 -3.6 19.1 -5.2 -9.6 -44.6 106.1 -2.7 -3.4 -12.9 -6.0 -35.7 95.8 -6.1 18.4 -3.6 -7.9 -5.2 101.8 -15.2 -2.3 -24.2 -3.2 -35.3 93.1 -12.8 -14.3 -42.3 -6.5 -49.0 92.5 -3.0 0.3 -36.2 1.8 -29.0 95.0 -4.3 -13.8 -34.7 10.7 -18.9 90.9 -6.1 -17.8 -20.9 -12.5 -34.2 94.6 -18.6 -20.7 -50.2 -26.3 -59.6 87.9 -2.4 5.2 -13.9 8.3 -19.6 104.2 -7.8 -5.9 -10.2 -2.0 -23.5 102.1 -28.1 : -1.0 : -3.4 94.2 2.3 -0.6 -22.4 -3.5 -15.0 111.0 -6.1 20.0 1.4 -8.3 -26.0 109.0 -2.8 -0.2 -5.9 -5.3 -37.5 97.0 -2.6 16.9 -3.9 -9.2 -18.3 101.8 -15.5 -2.1 -23.6 -3.7 -34.5 93.0 -10.3 -13.3 -39.1 -5.0 -48.4 94.8 -3.6 1.5 -34.9 6.5 -29.2 95.6 -0.6 -9.7 -34.6 -7.1 -18.2 92.8 -5.7 -14.8 -20.2 -12.3 -31.4 96.8 -14.8 -24.2 -43.9 -19.1 -54.5 90.3 -2.6 3.5 -9.1 9.0 -18.2 104.6 -7.6 -3.9 -5.7 -4.8 -21.1 103.6 -31.1 : -0.9 : -6.7 92.6 5.6 1.5 -22.9 5.6 -13.1 115.4 -2.3 21.4 0.0 -1.4 -34.9 110.2 -3.5 4.1 -3.5 -6.5 -33.6 98.4 -3.6 14.6 -6.4 -3.9 -19.4 100.6 -15.0 -0.9 -19.7 -3.4 -32.9 95.4 -7.4 -9.1 -35.8 0.7 -48.5 98.1 -2.0 -1.9 -34.8 -0.1 -30.5 95.3 -0.6 -10.5 -34.4 -4.2 -19.4 92.7 -6.6 -12.9 -18.5 -8.2 -36.9 96.6 -13.3 -16.5 -46.7 -17.7 -57.6 91.3 -1.5 6.8 -9.6 7.8 -15.6 105.8 -4.5 -1.3 -7.4 8.7 -19.3 105.3 -33.5 : -2.8 : -8.4 90.1 3.4 4.4 -17.1 14.1 -10.8 117.1 -3.6 31.1 -3.3 1.1 -30.5 111.9 -3.1 3.5 -2.6 -2.8 -30.7 97.4 -5.8 9.5 -6.9 -8.5 -13.8 97.7 -12.7 1.5 -21.4 -1.9 -30.3 97.1 -6.8 -6.0 -31.5 -1.9 -44.8 99.6 -3.1 -0.2 -34.3 -1.3 -31.4 94.7 -2.2 -5.6 -30.9 11.0 -15.6 94.5 -4.8 -9.7 -18.8 -5.2 -35.8 99.0 -13.0 -16.5 -39.3 -17.7 -53.5 92.9 -0.9 7.7 -12.2 10.3 -16.0 106.0 -4.9 2.3 -8.7 7.2 -16.0 105.6 -30.5 : -1.5 : -0.3 93.2 6.7 6.4 -21.6 7.2 -12.2 118.2 -4.6 23.6 -1.9 -9.9 -43.5 108.1 -3.2 3.0 -5.8 -3.8 -29.4 98.0 -2.9 14.2 -6.5 -7.7 -13.1 100.4 -12.6 1.3 -20.8 0.4 -30.2 97.4 -8.3 -6.9 -29.5 0.5 -45.1 98.6 -1.5 5.6 -33.8 5.8 -23.0 97.7 -0.2 -6.1 -31.5 2.7 -18.1 95.2 -4.5 -5.7 -14.4 -7.9 -36.4 100.3 -13.3 -12.4 -38.5 -22.7 -50.0 93.5 -4.7 4.1 -10.4 10.5 -12.5 104.1 -2.9 2.0 -10.7 7.8 -14.1 105.8 -31.1 : -2.8 : -3.3 91.8 5.6 5.4 -16.3 10.1 -12.4 117.9 -7.1 27.3 1.1 -7.7 -24.3 110.8 -1.8 7.3 0.4 0.4 -28.0 100.3 -2.8 14.1 -6.2 -3.9 -14.2 101.3 -13.4 0.7 -17.5 1.0 -29.1 97.6 -6.1 -3.1 -31.3 3.9 -46.8 100.4 0.0 3.6 -35.1 8.1 -22.0 97.6 1.5 -3.4 -30.1 6.7 -8.2 97.2 -4.1 -10.1 -9.6 -5.4 -37.1 100.8 -8.5 0.0 -38.1 -9.5 -42.9 97.3 -3.2 4.0 -7.5 9.5 -14.0 105.0 -4.9 2.6 -11.5 6.6 -14.8 105.3 -28.0 : -5.2 : -8.3 91.7 8.7 8.5 -15.1 8.5 -4.5 121.9 -7.7 19.6 0.7 -13.4 -25.7 108.0 -2.6 5.8 -2.1 0.4 -22.8 99.3 -4.4 16.6 -6.7 -3.2 -14.1 101.0 -12.6 1.7 -20.2 1.2 -28.9 97.5 -5.9 -4.4 -29.6 3.4 -45.1 100.6 -0.5 2.5 -33.4 4.2 -21.6 97.3 1.3 2.6 -29.0 3.7 -14.0 98.8 -4.1 -9.9 -8.6 -2.8 -39.0 101.3 -8.1 5.6 -33.9 -12.0 -49.3 99.3 -5.5 2.5 -8.0 10.2 -17.1 103.7 -6.9 -0.7 -12.1 5.7 -13.6 103.4 -21.4 : -2.2 : -8.9 95.7 6.4 5.5 -17.6 8.9 -7.0 118.8 -6.6 22.7 -0.3 -5.6 -27.3 109.5 -2.0 5.5 3.9 1.7 -25.2 100.6 -1.6 12.5 -7.9 -4.4 -18.0 100.4 -12.7 -0.4 -15.9 -0.1 -28.9 97.5 -6.3 -0.1 -25.4 4.5 -44.1 102.1 -1.0 4.0 -34.1 9.7 -21.0 97.4 3.2 8.7 -23.4 17.8 -3.4 102.4 5 TABLE 1* (continued) : Indicators of confidence and economic sentiment (s.a.) Since 1990 (*) Min. Date Value 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 Ave. 2013 Max. Date Value Jun Jul Aug Sep 2014 Oct Nov Dec Jan Feb Mar Apr May 04-09 -31.8 2.9 05-96 25.8 -8.8 -5.3 -6.6 -1.0 4.1 -1.8 -0.8 2.4 -4.7 -1.7 2.1 1.1 05-09 -24.0 28.1 03-02 62.6 -4.3 -3.1 2.6 -0.1 6.1 5.3 7.2 8.0 2.9 4.5 11.7 19.6 09-99 -49.0 -24.4 12-06 6.6 -28.2 -23.8 -24.8 -24.0 -20.1 -17.4 -16.4 -12.6 -16.5 -13.3 -13.4 -12.3 03-09 -22.7 8.7 11-98 34.4 7.3 2.6 4.9 0.4 -1.1 3.4 5.7 5.4 10.7 3.1 4.5 8.1 07-99 -86.1 -28.4 03-97 17.5 -51.8 -47.5 -48.5 -48.7 -45.3 -43.4 -43.9 -36.1 -25.8 -25.2 -30.8 -31.1 04-09 66.1 100.0 05-96 122.0 85.5 88.8 89.4 91.0 95.6 94.0 95.4 98.1 93.7 95.9 99.0 101.3 03-09 -37.3 1.8 10-94 31.3 -6.5 -10.9 -11.2 -13.3 -13.4 -7.5 -6.1 -10.4 -7.2 -8.9 -8.3 -6.2 FI 12-01 -47.6 14.9 09-00 51.1 -3.6 4.7 -3.4 -2.5 -1.1 -4.3 6.4 4.3 1.3 0.1 -1.9 -2.1 12-08 -6.4 13.3 09-10 23.8 8.9 6.9 6.9 7.7 7.0 8.2 9.3 11.0 7.6 7.8 4.4 9.0 09-13 -20.0 -0.5 08-07 23.8 -13.1 -12.2 -18.6 -20.0 -12.0 -6.7 -3.1 -4.5 -6.4 -10.6 -3.4 -6.5 06-91 -99.0 -18.9 06-98 36.5 -21.8 -18.1 -23.5 -26.2 -10.7 -28.2 -15.7 -28.9 -24.4 -29.7 -31.5 -18.3 04-91 73.0 100.0 11-94 120.9 94.5 94.7 91.8 91.4 92.1 94.8 97.2 95.2 95.2 93.3 92.4 95.1 03-09 -38.5 -5.0 09-10 15.8 -11.3 -10.7 -6.4 -11.5 -6.6 -0.7 -1.4 -0.6 -4.3 -5.4 0.3 -7.0 SE 04-09 -26.3 19.2 02-11 53.0 13.4 16.5 17.5 24.9 22.1 25.1 26.7 33.0 29.6 27.8 25.0 26.5 12-08 -10.0 9.7 09-10 28.0 11.7 15.1 14.8 14.2 14.9 17.0 18.3 17.9 17.6 15.5 17.0 18.8 01-09 -38.3 10.0 01-10 47.6 0.7 4.6 7.4 4.2 8.0 11.1 14.4 15.5 15.8 17.5 20.1 23.7 12-93 -82.9 -24.9 08-07 47.6 -34.0 -33.6 -36.2 -31.3 -34.1 -23.8 -15.8 -19.8 -17.0 -18.1 -20.7 -17.3 08-91 78.1 100.0 01-11 118.5 100.0 101.8 103.0 102.0 104.2 107.6 108.2 109.1 106.5 105.8 107.2 105.0 03-09 -49.0 -9.9 11-13 11.3 -11.4 -4.4 0.3 9.6 2.3 11.3 8.8 5.9 6.0 1.3 8.0 8.0 UK 03-09 -57.4 3.3 10-97 36.1 1.8 4.7 10.5 14.0 29.4 21.0 23.9 23.2 27.1 22.3 29.9 24.2 01-09 -35.2 -9.7 05-14 7.6 -15.5 -6.9 -3.5 -1.0 -2.1 -2.9 -3.3 1.0 2.0 3.3 5.7 7.6 01-09 -47.1 0.4 05-14 25.8 0.1 13.9 23.8 24.4 22.2 -3.2 7.6 19.4 24.5 7.9 20.6 25.8 06-91 -79.3 -22.7 10-07 5.5 -24.8 -24.1 -16.1 -19.1 -14.6 -9.6 -17.8 -4.6 -11.3 -9.5 -11.1 -10.8 03-09 64.1 100.0 04-14 119.5 97.5 104.6 108.5 115.1 114.8 115.0 114.9 115.9 116.9 112.8 119.5 118.5 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 (1990-2012) 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 2014. SK 6 TABLE 2: Monthly survey of manufacturing industry (s.a.) Since 1990 (*) Min. INDUSTRIAL CONFIDENCE (a) INDICATOR 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 : 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 02-09 04-92 : 03-09 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 07-09 06-09 06-09 10-99 03-09 04-09 07-09 06-09 : 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 -38.7 -38.1 -33.8 -32.1 -35.6 -34.5 -42.5 -39.1 : -36.6 -43.2 -39.4 -30.1 -34.5 -37.4 -44.0 -41.4 -53.9 -34.7 -31.6 -25.4 -37.8 -29.1 -35.7 -22.2 -38.0 -31.8 -37.3 -38.5 -49.0 -33.9 -32.3 -35.3 -11.5 -49.0 -34.3 -41.0 -69.6 : -20.3 -28.3 -31.3 -16.8 -27.7 -53.2 -38.9 -34.8 -49.8 -47.3 -22.7 -25.9 -34.5 -19.0 -30.9 -25.9 -25.4 -32.1 -37.0 -30.7 -52.4 -62.4 -63.4 -56.8 -70.0 -56.8 -61.7 -63.7 -76.5 : -59.1 -63.9 -68.7 -62.6 -69.0 -67.7 -78.2 -78.9 -83.0 -68.5 -71.9 -45.7 -63.7 -85.2 -71.4 -51.9 -82.1 -69.6 -69.1 -70.6 -66.3 -7.2 -6.9 -9.8 -6.5 2.1 -0.7 -7.8 2.9 : -4.0 -10.3 -8.3 -10.2 -5.2 -3.4 -8.2 -11.6 -15.0 -4.2 -5.5 -3.1 -5.0 -14.4 -7.9 -2.3 -3.2 2.9 1.8 -5.0 -9.9 6.6 5.6 -3.0 22.2 19.9 10.3 2.9 15.4 : 19.6 2.6 5.1 11.6 11.0 5.4 12.8 10.2 -5.4 7.5 18.9 5.6 9.9 15.7 1.7 13.8 19.9 25.3 11.7 16.7 5.8 -18.3 -17.5 -20.5 -43.9 -4.6 -4.5 -17.4 -5.2 : -19.5 -18.8 -18.4 -38.4 -19.9 -26.8 -34.8 -38.4 -29.2 -19.3 -25.5 -9.5 -16.0 -55.8 -22.6 -15.9 -18.7 -11.8 -11.0 -23.9 -18.8 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 06-07 04-07 06-07 01-08 06-00 09-94 02-11 12-06 : 03-00 11-97 06-00 05-08 02-95 04-08 02-07 08-07 04-95 04-98 03-08 10-06 02-07 06-07 03-98 06-96 06-00 05-96 10-94 09-10 11-13 12-94 12-94 01-11 09-08 06-00 02-98 02-11 03-02 : 02-00 12-00 11-00 05-08 12-94 02-08 03-02 08-97 04-10 12-97 03-08 04-11 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 12-06 12-06 : 05-98 06-98 06-00 05-08 02-95 06-07 02-07 08-07 12-97 05-14 10-07 12-06 03-90 02-08 03-98 06-96 03-07 09-94 11-94 12-94 01-08 7.5 7.9 6.9 12.3 29.8 16.7 16.0 28.5 : 13.3 7.1 14.7 11.4 14.2 19.9 11.8 9.8 24.1 10.4 18.8 7.6 15.2 -0.5 8.7 27.3 17.8 25.8 31.3 15.8 11.3 23.9 22.2 20.3 43.9 54.7 31.2 27.0 67.5 : 44.3 17.7 26.8 43.2 34.3 37.8 41.8 35.9 36.1 36.2 58.2 17.4 32.4 34.1 21.3 48.1 43.3 62.0 41.0 50.2 33.5 8.5 11.0 10.7 -10.2 30.6 32.5 17.7 32.1 : 5.9 14.2 27.7 1.1 14.5 4.6 -1.1 1.9 29.2 4.6 14.5 9.0 21.1 -28.9 10.5 50.9 23.8 49.0 42.1 14.0 14.1 -11.1 -11.2 -14.8 -10.7 -10.2 1.3 -8.2 -2.9 : -8.8 -14.2 -14.0 -3.5 -14.6 -23.1 -4.1 -2.5 -36.7 -3.9 -5.5 -7.8 -12.4 -18.3 -15.9 -2.8 -4.5 -8.8 -6.5 -11.3 -11.4 2.0 0.7 -5.7 12.1 -1.8 3.5 2.8 11.0 : 8.5 1.0 -1.3 27.5 -2.2 -26.1 6.8 10.2 -15.4 0.3 11.1 -0.5 5.5 -1.1 -8.2 6.8 10.9 0.4 5.6 13.8 9.3 -27.8 -28.4 -32.9 -51.0 -21.7 2.2 -19.3 -20.9 : -34.6 -35.1 -31.9 -37.8 -40.4 -62.0 -23.8 -26.9 -63.3 -13.9 -23.9 -20.3 -35.2 -48.5 -42.8 -18.2 -26.6 -32.5 -28.7 -33.5 -22.3 -9.9 -10.6 -12.5 -10.9 -8.2 -4.6 -8.8 -4.5 : -10.6 -14.2 -12.1 -7.9 -12.9 -18.7 -3.6 -6.6 -37.9 -6.3 -7.3 -7.1 -9.6 -17.8 -17.0 -4.0 -6.9 -5.3 -10.9 -10.7 -4.4 3.8 1.6 -5.4 12.8 1.6 2.5 2.8 7.5 : 4.9 -1.3 2.1 11.0 0.3 -22.5 8.5 8.1 -23.5 1.0 4.1 1.4 3.6 -1.5 -7.8 5.6 10.5 4.6 -3.2 12.0 17.4 -26.9 -27.8 -30.2 -50.0 -18.3 -12.4 -21.0 -20.8 : -34.7 -33.2 -28.9 -39.9 -38.9 -55.5 -23.8 -29.8 -58.4 -20.8 -19.7 -17.6 -30.5 -48.5 -45.2 -19.7 -31.5 -27.1 -30.8 -32.8 -16.5 -7.2 -7.8 -8.8 -9.7 -7.7 -2.4 -3.7 -1.6 : -10.7 -12.7 -10.7 -9.1 -11.9 -19.5 -4.1 0.3 -39.7 -5.4 -9.1 -4.8 -8.3 -17.1 -14.0 -3.2 -3.9 -6.6 -11.2 -6.4 0.3 6.8 4.7 0.3 13.3 -3.3 5.6 8.4 5.1 : 6.2 0.7 3.3 2.0 -0.6 -25.4 7.7 21.9 -30.1 3.0 4.6 4.7 5.6 -0.2 -5.9 7.6 11.7 4.7 4.3 19.7 24.5 -22.3 -23.7 -25.5 -48.4 -16.5 1.1 -15.2 -14.7 : -31.2 -28.5 -25.9 -32.6 -35.9 -55.1 -22.8 -29.4 -64.3 -20.7 -20.7 -17.4 -24.5 -47.6 -39.2 -17.8 -24.7 -27.2 -31.8 -27.0 -6.7 -5.1 -6.6 -8.0 -10.3 -5.1 4.5 -2.6 0.9 : -5.3 -11.4 -11.3 -12.5 -8.8 -15.7 -4.0 0.3 -31.4 -1.7 -8.2 -5.2 -7.1 -15.9 -13.2 -1.9 -4.0 -1.0 -13.3 -11.5 9.6 9.8 7.0 2.5 14.3 3.4 17.4 10.3 11.2 : 11.7 0.9 5.4 -14.8 3.2 -23.5 5.8 26.8 -3.8 7.9 -0.2 4.6 11.5 1.4 -1.2 9.5 11.7 9.3 -1.8 17.5 31.0 -20.9 -23.2 -26.2 -48.6 -15.5 -1.8 -14.6 -13.3 : -26.5 -29.0 -28.5 -34.9 -31.4 -51.7 -22.1 -30.0 -59.2 -15.1 -25.2 -17.3 -26.0 -46.2 -40.8 -17.4 -27.7 -18.5 -33.3 -34.6 2.6 -4.3 -5.0 -10.3 -11.2 -0.9 7.5 0.4 1.0 : -9.9 -14.2 -8.1 2.4 -7.9 -17.4 -4.4 -6.3 -33.7 -1.3 -3.6 -2.7 -6.1 -15.2 -12.8 -3.0 -4.3 4.1 -13.4 -6.6 2.3 10.5 9.4 2.6 12.2 16.1 19.4 15.2 11.5 : 7.4 -1.1 7.4 33.4 4.0 -24.0 7.7 20.4 -9.6 11.7 18.1 10.6 9.1 2.6 -4.6 6.6 12.3 29.3 2.8 19.4 15.3 -19.2 -21.2 -28.5 -50.8 -11.2 4.0 -11.8 -12.2 : -30.8 -32.0 -23.6 -32.4 -29.2 -53.8 -24.2 -38.3 -60.2 -11.3 -26.7 -16.2 -24.4 -45.3 -35.8 -17.6 -26.0 -19.9 -34.4 -29.5 1.1 -2.0 -3.9 -4.7 -12.5 3.5 9.5 1.1 -0.2 : -11.0 -11.7 -9.3 -9.7 -6.1 -18.6 -2.4 -7.8 -28.1 2.3 -6.1 -2.8 -2.6 -15.5 -10.3 -3.6 -0.6 -1.8 -7.5 -0.7 11.3 13.6 9.7 4.5 10.0 28.0 24.0 14.5 11.4 : 1.9 5.0 4.4 9.7 5.6 -20.7 8.7 21.6 -4.1 14.8 16.5 11.1 16.2 4.1 -2.2 6.0 18.8 6.5 7.6 25.4 33.5 -15.2 -17.9 -19.9 -50.7 -10.3 16.6 -9.0 -16.7 : -30.7 -27.3 -22.9 -46.7 -24.8 -53.1 -20.6 -42.9 -55.0 -6.3 -33.7 -15.4 -19.4 -45.5 -32.4 -17.5 -20.3 -15.3 -32.6 -22.5 10.4 -2.0 -3.4 -6.3 -11.5 1.2 4.8 1.0 -3.5 : -10.6 -8.8 -7.2 -3.0 -5.7 -14.8 -2.6 -7.6 -31.1 5.6 -2.3 -3.5 -3.6 -15.0 -7.4 -2.0 -0.6 -0.8 -6.1 -1.4 8.8 11.5 8.3 1.5 9.3 23.8 20.4 11.8 7.6 : 10.4 2.7 5.6 23.3 5.3 -16.3 8.5 19.2 -20.3 17.9 20.9 8.3 15.8 3.7 2.6 7.6 12.8 5.9 10.6 24.3 25.4 -14.5 -16.7 -18.6 -48.5 -12.4 10.1 -7.3 -22.8 : -31.8 -25.4 -19.3 -37.7 -26.8 -49.3 -19.8 -39.9 -57.4 -3.2 -27.8 -16.6 -21.7 -44.9 -28.6 -15.5 -17.1 -11.6 -27.1 -25.0 9.3 -2.5 -3.8 -5.2 -8.7 -0.6 10.9 0.1 3.8 : -11.2 -9.5 -5.5 3.1 -6.6 -13.3 -1.5 -4.5 -33.5 3.4 -3.6 -3.1 -5.8 -12.7 -6.8 -3.1 -2.2 2.4 -10.4 -0.6 5.9 11.2 8.2 2.4 17.6 19.2 19.7 10.9 16.3 : 7.9 -2.4 10.4 33.8 5.8 -6.6 8.2 22.2 -18.4 15.1 17.5 7.7 10.0 9.3 8.8 5.5 11.2 25.8 7.6 26.4 22.6 -15.1 -16.7 -16.0 -45.7 -12.2 14.4 -9.3 -12.5 : -32.0 -16.4 -20.1 -27.5 -26.9 -50.7 -18.2 -37.0 -57.0 -4.9 -31.9 -12.9 -22.6 -43.4 -29.6 -14.6 -16.6 -21.8 -33.8 -25.1 3.1 -2.4 -3.5 -2.9 -8.0 1.6 5.7 0.1 1.4 : -7.1 -8.1 -7.4 7.7 -4.8 -13.0 -0.9 -4.9 -30.5 6.7 -4.6 -3.2 -2.9 -12.6 -8.3 -1.5 -0.2 -4.7 -7.2 -4.3 6.0 11.6 8.3 4.8 18.3 18.8 16.8 10.6 15.7 : 10.9 3.4 7.3 40.1 6.1 -7.7 3.5 20.4 -3.4 18.6 9.9 7.6 15.7 9.5 5.2 6.3 14.1 1.3 9.8 22.2 26.3 -15.0 -16.3 -13.9 -44.6 -9.5 9.3 -9.2 -15.5 : -25.7 -20.1 -20.1 -26.5 -24.0 -48.6 -20.1 -33.6 -64.0 0.8 -25.7 -14.0 -18.4 -43.2 -29.7 -12.5 -16.5 -21.0 -28.8 -22.2 1.4 -2.7 -3.3 -3.2 -7.9 2.3 11.6 0.9 -2.3 : -4.1 -9.6 -7.6 3.8 -4.5 -13.3 -4.7 -2.9 -31.1 5.6 -7.1 -1.8 -2.8 -13.4 -6.1 0.0 1.5 -1.7 -8.9 -5.4 1.3 11.4 9.8 4.3 18.7 17.5 25.0 12.5 0.6 : 16.5 2.7 8.7 28.7 7.0 -8.6 5.5 16.7 -5.3 19.1 6.8 11.2 18.8 5.9 8.5 9.5 16.4 -0.8 1.9 25.4 14.3 -15.0 -16.6 -16.2 -44.8 -7.2 17.7 -8.7 -12.2 : -24.4 -22.6 -20.0 -25.4 -21.8 -47.1 -24.4 -27.0 -63.8 0.4 -32.0 -12.6 -23.8 -41.6 -25.6 -11.1 -12.9 -14.5 -26.4 -30.8 3.6 -1.8 -3.5 -4.5 -8.3 2.4 10.5 -0.1 -1.2 : -8.9 -9.3 -6.1 -4.6 -4.1 -8.5 -3.2 -4.9 -28.0 8.7 -7.7 -2.6 -4.4 -12.6 -5.9 -0.5 1.3 2.1 -8.3 0.3 8.0 11.8 8.2 2.9 14.2 16.2 28.3 10.2 5.5 : 9.5 -2.2 11.2 12.0 6.7 2.6 2.6 13.7 -3.0 25.2 3.6 8.3 10.8 7.1 7.8 8.9 21.1 9.2 4.2 30.3 25.1 -13.6 -15.3 -13.9 -41.0 -3.7 14.2 -9.1 -15.8 : -27.3 -17.2 -18.0 -37.0 -20.3 -39.8 -19.4 -28.3 -60.7 1.8 -30.6 -12.2 -21.1 -40.4 -25.8 -9.2 -18.3 -12.0 -22.9 -20.2 4.0 -1.8 -3.0 -6.3 -2.2 3.5 4.0 1.2 -2.0 : -4.9 -8.0 -8.3 3.2 -4.1 -8.1 -5.5 -6.9 -21.4 6.4 -6.6 -2.0 -1.6 -12.7 -6.3 -1.0 3.2 1.1 -6.2 -7.0 8.0 12.3 9.0 0.6 22.6 17.2 10.7 14.1 2.3 : 12.0 0.0 6.0 28.1 5.5 3.1 1.6 12.3 5.5 15.4 13.2 8.0 16.0 6.5 4.3 6.1 23.9 6.8 7.7 16.2 31.2 -13.3 -14.6 -16.5 -28.2 -2.5 9.1 -7.1 -17.4 : -25.9 -14.3 -21.7 -26.4 -20.5 -41.5 -23.0 -33.6 -49.7 4.6 -41.0 -10.6 -18.0 -40.2 -24.6 -9.2 -10.5 -12.9 -26.6 -18.3 1.5 7 TABLE 2 (continued) : Monthly survey of manufacturing industry (s.a.) Since 1990 (*) Min. STOCKS OF FINISHED (b) PRODUCTS (Question 4) Component of the industrial confidence indicator PRODUCTION TREND OBSERVED IN RECENT MONTHS (Question 1) EXPORT ORDER BOOKS (Question 3) 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 04-09 07-93 10-01 08-93 08-93 06-99 04-09 06-93 : 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 04-09 02-09 04-09 : 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 : 05-09 07-09 07-09 07-09 06-09 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 21.8 23.0 26.1 35.2 46.3 28.5 30.7 38.7 : 33.9 46.6 32.5 27.7 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 -46.8 -48.0 -39.4 -38.6 -58.0 -44.7 -48.5 -53.0 : -35.1 -52.0 -44.4 -44.1 -64.8 -60.4 -49.5 -41.6 -58.9 -57.4 -49.8 -44.7 -41.9 -32.4 -50.1 -32.4 -45.4 -63.0 -52.5 -40.1 -54.8 -62.3 -64.4 -63.3 -68.5 -58.1 -61.6 -64.6 -66.9 : -58.6 -61.1 -73.3 -63.6 -71.4 -83.1 -65.5 -75.4 -91.1 -66.1 -76.0 -38.3 -66.5 -75.1 -77.1 -39.5 -77.7 -56.6 -71.9 -64.4 -60.5 9.8 8.8 5.8 -2.2 11.7 7.9 8.8 1.6 : 12.2 14.6 11.7 3.9 6.6 -11.4 2.7 6.7 10.4 1.0 9.9 5.3 8.9 -1.6 2.8 4.7 10.9 4.8 1.2 15.4 16.7 -0.8 -2.0 -0.6 -3.4 13.1 9.5 -1.4 10.4 : 8.3 -3.7 3.5 -5.9 -14.5 -15.1 1.7 2.3 -3.8 -3.7 10.2 2.4 12.8 1.1 -8.3 6.3 6.6 15.3 11.3 11.0 0.3 -18.9 -19.2 -21.6 -45.5 -4.9 -3.2 -20.9 -5.8 : -17.7 -24.0 -14.6 -36.1 -20.6 -35.2 -32.7 -34.7 -24.8 -18.7 -28.8 -8.4 -22.9 -55.5 -22.1 -12.6 -16.9 -12.1 -13.3 -3.4 -17.0 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 03-11 03-11 03-10 06-97 04-00 02-10 09-90 12-06 : 05-13 12-97 03-10 09-13 06-10 09-01 02-14 06-11 03-95 05-09 06-05 03-11 11-06 09-94 01-08 03-10 03-10 02-01 04-95 09-10 03-10 03-11 05-00 02-11 01-07 04-95 09-94 12-10 06-01 : 01-00 04-95 06-00 05-08 03-95 09-08 06-01 04-98 08-10 04-98 07-06 12-10 04-11 12-06 08-94 04-02 05-00 12-03 06-06 11-10 03-95 04-07 04-07 06-00 03-07 09-00 05-07 04-11 03-01 : 03-95 04-07 06-00 11-13 02-95 05-05 03-07 08-07 04-00 12-00 09-07 09-00 03-90 09-07 01-95 11-03 05-07 01-94 04-95 08-91 04-95 -0.7 -2.0 -11.2 -20.5 -11.5 -28.3 -9.0 -20.9 : -1.2 2.9 -5.7 -12.3 -5.4 -34.9 -14.0 -17.3 -23.6 -17.5 -14.7 -0.8 -6.7 -22.1 -15.0 -10.9 -7.4 -27.1 -23.7 -3.4 0.5 18.7 17.1 20.6 32.0 78.6 41.8 27.3 56.2 : 35.7 21.2 35.1 38.5 12.1 47.2 29.6 34.8 44.4 26.1 52.2 24.9 39.9 28.4 10.4 42.6 40.3 77.7 49.5 58.6 32.7 6.3 7.0 7.4 -18.9 26.7 27.6 13.1 25.4 : 11.9 5.1 34.3 -3.0 18.5 -1.4 -10.9 28.1 50.3 5.9 23.9 9.6 11.5 -35.1 18.8 3.5 18.0 52.6 31.8 44.4 20.9 7.7 5.9 5.7 -6.8 7.0 1.9 8.2 -1.2 : 0.3 8.6 8.8 0.3 1.3 -18.9 -4.7 -9.2 31.3 -1.9 3.8 2.8 7.5 5.5 -3.4 -3.1 -2.2 -5.8 -3.6 14.3 21.2 -8.9 -11.3 -6.7 -8.1 -1.0 5.9 -5.3 2.2 : -7.4 -17.5 -11.8 18.4 -33.2 -60.4 4.5 13.2 -8.7 -5.0 8.2 -5.1 6.2 -7.5 -7.6 0.7 -7.9 21.3 1.2 11.5 -4.3 -25.6 -24.0 -34.6 -49.8 -18.4 -3.7 -19.7 -24.2 : -25.6 -24.8 -32.7 -14.6 -21.7 -53.4 -26.6 -33.6 -58.6 -23.0 -29.5 -10.5 -38.1 -52.5 -29.7 -12.3 -20.2 -32.1 -28.9 -34.0 -30.4 6.5 5.6 1.9 -4.6 7.8 4.1 8.1 0.0 : 1.9 8.2 9.5 -5.3 0.0 -22.1 -4.6 -1.8 31.8 -1.0 6.3 5.0 2.0 3.4 -2.1 -2.0 -0.4 -6.6 -1.4 11.2 14.2 -6.5 -8.2 -5.6 -9.1 -8.5 -1.5 -1.9 5.5 : -9.4 -12.8 -5.8 -29.4 -31.1 -58.4 -0.3 5.0 -10.5 -11.1 12.7 -2.0 7.2 -6.7 -9.1 2.4 -6.5 9.7 -1.3 3.2 3.4 -24.7 -23.8 -35.4 -48.5 -16.5 -10.9 -20.5 -23.5 : -21.9 -17.9 -32.0 -21.2 -22.0 -35.1 -26.6 -33.4 -59.5 -29.0 -16.3 -10.0 -35.6 -55.0 -33.6 -11.9 -28.1 -28.7 -32.2 -31.2 -22.4 6.1 4.4 1.3 -5.9 3.4 13.8 4.2 -4.9 : 7.1 10.4 9.5 -3.4 -0.9 -22.0 -2.9 -8.6 24.6 -1.5 11.2 1.8 6.0 3.5 -3.1 -0.7 -1.2 -2.5 6.2 11.8 16.9 -1.7 -4.2 -4.6 -6.4 -3.2 3.0 3.3 8.3 : -12.6 -2.8 -0.5 -28.1 -30.8 -46.1 3.8 -6.4 -16.6 -6.6 10.2 -0.1 1.6 -1.1 -8.4 1.2 9.0 9.3 11.4 3.3 14.5 -20.7 -21.3 -26.7 -47.1 -15.8 11.2 -15.6 -15.8 : -18.0 -23.4 -26.8 -12.9 -22.5 -31.5 -25.1 -34.2 -65.1 -20.7 -25.0 -9.5 -33.0 -51.4 -34.0 -9.2 -22.6 -32.1 -28.1 -21.4 -12.7 4.0 3.7 0.3 -3.3 3.3 1.9 3.5 -4.9 : 1.2 6.2 10.9 -12.3 -1.8 -27.9 -4.3 -4.1 31.1 -2.2 -0.9 2.8 6.8 3.0 -2.4 -2.3 -3.9 -6.2 4.8 17.4 4.9 -1.6 -6.0 -1.1 -6.4 4.7 10.8 0.3 1.2 : -2.4 -4.5 -9.5 -6.8 -27.0 -56.9 -1.9 -3.4 -7.0 -2.7 -7.6 1.8 4.5 -2.7 -6.7 2.1 -5.7 3.8 -0.7 10.8 20.3 -17.9 -19.2 -26.2 -48.0 -10.2 4.4 -16.0 -12.5 : -13.6 -14.6 -24.2 -7.6 -18.7 -43.7 -25.2 -37.8 -49.6 -21.1 -31.5 -9.5 -34.6 -52.2 -28.9 -11.6 -24.5 -16.2 -31.4 -31.7 1.1 4.2 3.3 5.1 -5.0 7.7 1.0 2.2 -3.8 : 6.3 9.6 8.1 -6.1 -1.4 -25.7 -3.4 0.9 31.4 4.1 2.2 2.6 3.0 2.9 -2.0 -2.1 -0.7 -3.0 8.5 9.7 9.4 -0.8 -4.1 3.7 -0.1 -0.4 16.3 0.7 16.9 : 4.7 -9.7 -1.1 -2.4 -24.1 -48.8 -1.1 -1.5 -7.2 2.0 8.8 5.6 12.8 1.0 -9.6 1.1 -3.5 3.9 -9.9 10.9 12.0 -18.0 -18.2 -22.1 -49.1 -8.8 6.3 -13.2 -17.5 : -24.5 -23.8 -22.0 -4.9 -18.0 -39.2 -29.2 -41.6 -48.5 -14.3 -37.3 -6.7 -31.9 -51.7 -28.6 -12.2 -20.2 -16.4 -31.7 -29.7 -6.4 4.5 3.5 -1.3 -3.2 7.1 12.1 2.3 -4.6 : 4.2 12.7 9.3 -7.8 -0.7 -17.8 -4.7 2.0 25.2 1.8 0.9 4.0 4.5 5.2 -3.6 -0.7 0.2 -3.5 -2.5 5.0 9.9 6.6 2.7 6.0 -5.3 6.3 11.9 9.3 14.1 : -9.4 -4.1 7.1 -13.4 -19.2 -48.4 2.8 -6.1 1.6 6.1 6.1 7.4 14.5 3.4 -1.2 4.8 6.7 29.8 -5.5 15.1 26.7 -13.3 -14.3 -15.6 -48.4 -6.9 15.8 -8.1 -14.8 : -18.3 -18.3 -20.8 -3.0 -16.5 -33.4 -25.5 -44.0 -42.2 -16.1 -40.1 -5.9 -29.3 -50.7 -23.8 -12.4 -14.0 -12.7 -31.0 -12.3 2.1 2.9 1.7 1.6 -4.6 7.6 16.2 1.4 -4.8 : 10.5 3.7 7.8 -5.5 -4.4 -21.2 -3.6 2.2 15.7 -2.2 -0.2 2.3 4.8 3.6 -3.9 -1.9 -2.5 -3.3 2.0 3.7 8.3 6.0 1.3 11.2 -3.4 8.8 10.0 6.1 4.1 : -6.0 -0.8 8.2 -14.3 -23.2 -47.9 4.5 -2.5 2.0 7.6 4.6 9.2 10.6 1.4 -4.0 6.4 -3.5 15.6 -1.0 19.6 29.1 -12.8 -14.3 -18.4 -47.4 -8.3 7.9 -8.2 -21.1 : -21.8 -15.4 -18.5 -16.2 -20.4 -32.8 -22.7 -36.4 -42.1 -12.4 -36.2 -8.3 -28.8 -50.1 -20.3 -10.6 -16.0 -14.5 -27.1 -26.0 9.4 3.6 3.0 2.0 -1.8 8.8 1.2 1.5 -7.7 : 9.3 9.8 6.9 -3.1 -1.1 -17.2 -5.4 -1.5 25.2 -0.1 -3.5 4.2 4.8 3.9 -0.3 0.3 1.2 -3.3 5.0 3.3 7.9 4.8 1.3 9.8 -4.3 5.6 -0.1 7.4 0.9 : 2.2 -0.9 1.3 -5.8 -23.2 -36.4 1.5 16.0 3.5 9.9 4.9 14.9 13.4 5.8 0.3 6.2 8.0 2.2 7.2 17.1 20.4 -14.2 -14.0 -13.0 -49.4 -7.6 12.9 -10.6 -11.6 : -23.8 -11.8 -14.5 -3.7 -21.4 -23.8 -23.7 -43.6 -52.1 -11.0 -35.7 -6.1 -26.7 -47.8 -8.4 -11.2 -15.5 -17.8 -31.2 -19.3 -6.9 3.7 2.4 -0.4 -2.3 4.5 8.9 1.1 -3.9 : 6.5 7.6 9.3 -9.5 -3.6 -17.3 -14.0 1.4 24.3 -0.7 -2.0 3.1 6.2 4.1 0.6 -1.8 -1.8 -5.7 2.6 12.8 9.7 7.4 3.8 6.0 4.1 16.7 1.5 11.3 12.4 : 0.3 -2.8 6.8 1.3 -20.8 -27.9 9.1 17.1 -1.0 15.2 0.5 13.3 11.6 8.0 2.6 6.5 1.6 11.7 9.2 18.8 24.2 -13.4 -13.4 -12.9 -48.1 -7.1 11.1 -9.9 -14.1 : -19.5 -11.7 -17.5 -6.5 -17.2 -28.4 -27.8 -38.5 -57.6 -13.7 -29.1 -4.1 -24.8 -49.1 -12.7 -9.9 -13.0 -19.6 -23.0 -15.7 -4.4 4.7 3.0 -2.4 -2.5 3.5 8.0 1.2 -4.6 : 4.3 8.8 11.5 -8.1 -1.3 -15.8 -4.8 -1.7 24.3 2.6 -3.9 4.0 3.3 4.5 1.1 -1.5 -1.0 -10.2 2.3 10.7 14.0 7.2 4.6 4.6 6.4 14.8 22.9 8.8 2.5 : 7.0 4.2 10.4 2.6 -19.2 -21.3 3.3 15.6 -5.7 13.5 9.7 11.5 17.6 7.8 3.0 11.8 4.2 21.9 9.3 9.9 17.8 -14.6 -14.1 -16.4 -43.8 -5.7 16.9 -9.9 -16.4 : -18.0 -16.5 -15.7 -15.4 -16.8 -33.3 -30.1 -31.8 -60.3 -8.4 -39.3 -4.8 -28.2 -47.3 -9.2 -7.5 -14.3 -14.1 -21.5 -23.5 -10.3 3.7 3.2 2.5 -2.0 5.4 11.2 1.2 -6.6 : 9.1 8.5 11.4 -11.1 -1.2 -11.6 -7.1 0.1 20.4 0.9 -3.8 3.8 2.9 4.5 -0.3 1.1 -1.1 -9.0 6.1 9.3 5.0 5.8 2.2 1.1 9.4 13.1 19.0 7.6 2.1 : 12.6 -2.1 5.3 -6.6 -19.7 -6.7 3.4 9.3 -2.6 8.3 8.1 6.8 15.9 7.2 -5.5 9.8 3.1 17.0 11.5 24.1 18.4 -14.0 -15.0 -15.9 -44.3 -5.9 12.9 -12.2 -15.2 : -21.0 -11.1 -18.9 -22.5 -16.2 -28.8 -24.6 -31.8 -56.1 -9.2 -33.7 -4.9 -25.5 -47.7 -10.7 -5.1 -18.3 -11.7 -23.6 -15.2 -1.0 4.5 3.3 3.1 1.1 4.2 7.9 3.3 -9.0 : 0.7 9.8 9.1 -7.7 -2.8 -14.2 -4.9 -0.5 20.2 0.7 -8.0 3.3 2.6 4.5 -1.3 -0.1 3.8 -9.4 -0.3 18.8 8.7 6.5 3.6 8.3 11.9 9.9 8.6 9.5 5.9 : 5.2 -0.1 7.9 17.8 -20.0 -4.3 0.6 13.9 14.1 13.8 -18.2 8.0 19.7 6.1 -6.9 9.2 24.4 20.5 -1.1 22.6 17.2 -14.7 -14.4 -18.0 -33.9 -6.4 7.3 -9.7 -21.6 : -15.1 -11.1 -21.5 -18.1 -17.1 -32.0 -29.8 -36.3 -52.2 -6.2 -51.4 -4.4 -26.4 -49.3 -12.2 -6.6 -9.2 -11.4 -24.9 -12.0 -9.5 8 TABLE 2 (continued) : Monthly survey of manufacturing industry (s.a.) Since 1990 (*) Min. Date Ave. 2014 Dec Jan Feb Mar Apr May 03-09 -40.5 -11.5 03-11 9.8 -10.4 -8.1 -7.5 -5.6 -4.8 -4.2 -3.5 EU 06-93 -39.8 -10.7 03-11 8.6 -11.8 -10.3 -9.6 -8.2 -7.3 -6.2 -4.7 EA 03-09 -36.3 -8.3 10-00 8.8 -15.0 -16.1 -12.0 -11.7 -12.3 -11.7 -11.5 BE 06-99 -45.3 -13.8 11-06 12.8 -7.3 -7.1 -7.1 -8.6 -6.5 -5.9 -6.0 BG 02-09 -61.9 -11.4 02-11 18.3 -10.9 -10.2 -9.8 -8.0 -5.4 -0.3 2.6 CZ 04-09 -42.1 -2.7 04-14 15.9 -1.7 -4.0 -2.6 4.9 9.1 12.7 12.4 DK 06-93 -52.1 -13.9 03-11 17.1 -8.1 -5.8 -4.5 -3.0 -2.4 -1.3 1.1 DE 04-92 -77.8 -8.1 11-06 22.2 -0.3 -0.5 -9.3 0.5 4.4 1.2 3.0 EE : : : : : : : : : : : : IE 02-09 -36.4 -5.8 05-02 11.8 -16.8 -12.3 -11.3 -2.0 -5.3 -12.3 -18.8 EL 06-93 -51.9 -9.3 03-01 9.7 -9.9 -8.1 -7.7 -10.3 -5.9 -6.3 -5.9 ES 09-93 -47.2 -13.9 09-00 13.8 -23.8 -20.3 -18.9 -18.3 -14.0 -15.2 -11.7 FR 11-12 -48.7 -24.0 05-08 6.6 -37.5 -36.6 -33.1 -33.9 -31.9 -29.6 -19.7 HR 08-96 -29.6 -5.5 11-00 11.6 -10.7 -12.0 -12.0 -9.0 -10.7 -7.9 -8.9 IT 04-13 -37.2 0.7 10-04 38.0 -21.8 -15.1 -16.2 -13.2 -16.8 -10.8 -3.0 CY 04-93 -50.2 -5.7 11-05 13.4 2.3 -0.5 2.7 -1.3 0.4 3.7 2.6 LV 04-94 -59.1 -19.0 05-14 11.2 2.3 -1.0 3.9 -1.0 4.1 3.8 5.3 LT 04-09 -72.2 -26.2 06-10 25.4 -26.2 -27.0 -25.6 -23.9 -15.3 -14.6 -20.3 LU 03-09 -47.4 -6.7 04-14 18.9 -4.9 -9.0 -4.1 -5.3 3.2 3.5 6.7 HU 05-09 -40.1 -4.7 05-12 21.5 4.5 -6.4 1.2 9.4 8.6 6.2 5.0 MT 04-09 -37.8 -6.5 04-90 13.1 -14.4 -13.5 -12.2 -12.1 -10.1 -12.4 -12.8 NL 03-09 -39.4 -3.2 11-06 20.9 -9.7 -7.9 -9.9 -4.7 -10.1 -1.2 3.7 AT 05-99 -50.7 -18.4 05-07 7.3 -11.5 -10.6 -9.2 -7.5 -7.6 -6.6 -5.3 PL 06-93 -24.5 -6.5 02-90 8.5 -10.9 -9.7 -9.8 -9.8 -6.9 -5.4 -6.4 PT 07-92 -70.9 -21.7 03-12 2.9 -7.1 -7.1 -4.7 -2.4 -6.1 -3.4 -3.2 RO 04-09 -53.8 -20.2 02-08 13.8 -11.0 -12.5 -8.7 -8.6 -11.7 -5.4 -8.7 SI 02-09 -57.1 -16.4 01-11 22.9 -5.8 -15.2 -9.4 -6.2 -0.5 2.7 -1.6 SK 06-91 -58.7 -16.6 05-11 15.3 -19.8 -20.9 -19.0 -13.7 -18.8 -14.5 -11.6 FI 03-09 -60.1 -17.0 02-11 26.3 -25.5 -22.1 -20.0 -16.7 -11.7 -11.5 -9.5 SE 03-09 -51.3 -14.6 03-11 15.8 -0.7 9.2 7.2 13.0 11.2 8.0 2.7 UK 03-09 -14.5 5.8 02-95 27.0 -1.4 0.5 0.2 0.0 1.2 2.1 3.1 SELLING–PRICE EU 03-09 -15.7 5.4 02-95 25.1 -2.5 -0.9 -0.6 -0.4 1.1 1.5 2.4 EXPECTATIONS EA 04-09 -21.1 2.6 12-94 25.9 -3.2 -5.1 -1.9 4.2 4.4 4.3 3.5 (Question 6) BE 08-09 -5.5 21.9 11-96 90.6 2.6 -0.4 3.5 0.1 2.1 1.7 0.1 BG 01-09 -17.4 12.6 03-95 69.9 -10.3 -4.6 -1.9 -1.7 -4.3 0.4 -0.1 CZ 10-09 -19.1 1.9 01-08 26.4 -1.6 -3.2 -1.5 -5.4 -3.6 -4.6 -17.3 DK 03-09 -13.5 5.7 04-11 27.7 0.5 1.3 2.8 4.3 3.8 5.8 8.6 DE 02-09 -36.9 13.9 04-92 86.3 5.1 5.4 3.0 5.8 3.4 3.0 1.1 EE : : : : : : : : : : : : IE 03-09 -18.1 12.4 10-90 40.6 -3.0 -7.3 -7.7 -13.6 -7.4 -3.8 -8.4 EL 03-09 -20.3 1.4 03-95 33.0 -6.9 -6.9 -5.6 -11.6 -2.1 -4.6 -4.2 ES 01-99 -24.7 2.3 03-11 32.9 -5.2 0.7 0.4 -3.8 -1.8 -5.9 -6.7 FR 07-09 -26.9 -2.7 07-08 34.5 -3.9 -2.4 -3.0 11.1 -2.3 5.3 -10.4 HR 07-09 -13.6 8.9 03-95 39.9 -4.0 -1.6 -4.1 -0.5 1.3 0.5 0.8 IT 04-13 -18.5 3.7 10-03 38.7 -3.8 -3.9 -2.8 -9.1 -4.1 -5.7 1.0 CY 02-09 -25.8 15.1 07-94 51.5 5.2 5.9 4.1 5.4 5.6 8.9 8.9 LV 04-09 -36.2 11.0 11-93 75.0 16.0 0.5 2.5 18.1 6.2 6.4 6.6 LT 08-91 -52.5 -5.2 12-94 51.2 -11.9 -28.8 -36.6 -21.8 -14.8 -4.0 -31.6 LU 01-09 -17.3 15.7 01-01 49.4 2.7 3.0 0.4 1.2 -0.6 -1.0 0.7 HU 12-04 -41.7 -9.4 12-03 36.1 -6.8 -11.6 -5.5 -9.3 -10.8 -23.8 -9.7 MT 04-09 -14.3 7.3 03-11 25.7 0.2 0.6 1.7 1.5 -1.5 4.2 1.4 NL 03-09 -28.7 1.3 03-11 30.3 3.2 -0.8 -0.2 3.2 1.2 4.3 8.1 AT 04-09 -5.9 12.6 06-93 40.8 -2.5 -1.5 -2.2 -0.7 1.2 0.0 0.9 PL 01-09 -25.3 4.6 10-90 27.3 -17.9 4.0 4.1 8.5 9.6 8.1 7.7 PT 02-10 -2.4 36.1 10-93 91.2 6.9 2.9 4.0 3.0 1.4 6.0 3.4 RO 03-09 -32.1 -4.1 03-11 25.9 -6.9 -10.9 -11.5 -8.3 -10.5 -1.7 -6.4 SI 07-11 -44.4 19.3 04-95 81.2 -4.0 1.2 -0.4 -3.8 4.5 8.1 -13.5 SK 03-09 -30.7 4.8 08-94 51.2 -9.6 -12.0 -7.8 -8.4 -6.1 -8.4 -3.5 FI 06-09 -17.7 6.8 12-94 40.7 4.3 3.1 10.2 6.3 5.1 5.9 8.4 SE 01-99 -28.2 4.6 07-08 40.9 3.6 9.2 3.7 2.9 3.8 7.0 10.2 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. -2.0 -4.5 -10.5 -3.5 -3.9 6.4 1.5 6.3 : -7.3 -3.3 -13.9 -27.2 -8.4 -8.4 1.9 5.7 -23.4 7.4 -3.2 -12.3 -3.2 -0.3 -0.9 -0.3 -8.5 -5.7 -6.3 -7.2 12.1 3.6 2.4 0.6 0.4 5.1 -11.1 7.8 5.0 : -7.5 -5.7 1.0 17.7 0.2 -6.2 9.4 0.9 -39.8 0.3 -11.0 1.8 2.6 -2.1 -5.2 4.4 -9.7 -12.5 -3.6 11.7 11.4 -3.2 -4.8 -10.5 -1.2 -4.8 2.2 0.9 7.9 : -3.4 -11.5 -12.9 -27.3 -6.7 -4.9 -0.6 9.3 -16.3 4.7 10.3 -6.9 2.6 -0.9 -1.3 -2.7 -6.9 -6.6 -15.1 -15.5 8.4 1.3 -0.2 2.9 0.9 -2.6 -3.2 4.8 -2.1 : -4.9 -10.8 -6.1 -3.3 -1.5 -6.2 11.2 3.8 -23.3 4.0 -25.7 2.3 1.1 0.3 -0.1 3.5 -6.6 4.8 0.2 8.8 9.4 -3.1 -4.6 -8.7 -2.4 -4.8 4.5 -0.1 -0.6 : -7.9 -10.0 -11.9 -20.9 -6.2 -10.1 2.5 9.3 -17.3 9.3 7.2 -7.4 1.0 1.8 -0.7 0.9 -2.9 -2.9 -7.0 -15.2 6.4 0.3 -0.7 -0.7 1.3 0.1 -5.7 4.1 0.7 : -5.8 -8.7 -7.0 5.2 -1.8 -9.2 2.8 1.8 -29.5 0.1 -18.7 1.5 -2.2 -1.8 -1.2 3.7 -7.0 16.9 -2.1 8.5 5.5 -2.7 -5.7 -9.1 -0.5 1.0 15.9 -1.8 -0.9 : -9.0 -10.4 -12.9 -26.5 -6.7 -0.8 -0.3 9.0 -19.6 18.9 17.9 -2.1 -2.6 1.3 -1.7 2.7 -3.2 -1.5 -7.8 -6.3 10.8 0.2 -1.3 -3.6 1.4 6.9 -13.5 2.5 0.0 : -7.0 -7.2 -3.6 12.7 -2.7 -2.4 0.5 -4.7 -16.8 4.1 -19.9 2.2 -1.8 -1.1 -6.9 8.0 -7.5 4.6 -7.5 8.2 6.8 -3.6 -5.2 -10.3 3.8 2.3 -0.3 -1.7 0.8 : -12.2 -6.5 -11.2 -11.2 -5.6 -3.1 -1.1 11.2 -15.9 9.4 4.3 -4.8 -3.1 -1.2 -3.0 2.1 3.3 -4.0 -8.8 -14.6 5.6 0.0 -1.2 -1.6 2.9 8.3 -6.0 1.9 2.7 : -10.4 -7.4 -4.2 5.3 -1.4 0.8 1.9 -7.7 -11.4 5.6 -21.3 2.3 0.6 -0.4 -5.1 5.9 -7.9 -5.9 -4.9 9.9 3.5 EMPLOYMENT EXPECTATIONS (Question 7) Value 2013 Max. Date Value Jun Jul Aug Sep Oct Nov 9 TABLE 3: Monthly survey of services (s.a.) Since 1990 (*) Min. SERVICES CONFIDENCE (a) INDICATOR 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 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 04-09 06-10 09-09 02-13 12-02 02-09 : 10-12 01-09 04-09 02-09 06-13 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 : 08-12 05-09 07-91 02-09 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 03-09 04-09 06-10 08-09 04-13 01-03 04-09 : 10-12 05-09 04-09 06-10 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 -31.1 -26.1 -42.9 -13.6 6.4 -10.4 -19.9 -50.3 : -46.0 -38.7 -28.8 -38.7 -27.0 -59.0 -43.9 -47.2 : -44.2 -22.0 -41.6 -24.9 -12.0 -38.0 -19.3 -28.9 -24.0 -47.6 -26.3 -57.4 -36.2 -31.5 -55.1 -14.1 25.2 -16.1 -38.8 -54.0 : -47.3 -49.0 -34.1 -46.3 -34.7 -64.8 -42.4 -49.5 : -40.9 -31.9 -68.7 -28.3 -14.1 -43.8 -18.0 -19.6 -28.9 -92.4 -60.2 -64.0 -31.7 -26.6 -45.0 -25.0 -13.0 -13.9 -26.5 -60.8 : -50.4 -51.2 -27.7 -42.8 -43.8 -57.5 -48.0 -55.3 : -47.3 -26.3 -36.1 -25.5 -22.4 -45.5 -19.4 -41.5 -30.2 -41.1 -30.4 -56.1 8.5 9.1 11.4 10.5 33.7 4.7 18.0 11.4 : 9.9 9.3 -0.3 4.0 1.7 -2.1 4.5 7.8 : -9.8 19.4 5.9 14.6 4.1 -4.6 13.0 12.7 28.1 14.9 19.2 3.3 3.0 5.1 0.2 9.1 54.6 1.2 16.7 13.7 : 1.2 4.9 -3.7 -4.8 1.0 -10.1 3.1 7.2 : -10.7 17.8 -20.3 10.4 3.4 -7.9 15.8 18.2 23.5 9.7 14.4 -11.1 7.3 7.6 10.6 3.8 20.5 3.6 15.2 11.2 : 12.1 1.3 1.4 2.0 -5.8 -4.6 2.3 8.3 : -11.9 19.6 19.9 17.3 1.2 -7.1 10.2 6.4 27.7 18.6 18.4 5.7 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 06-98 08-98 08-07 03-07 02-07 05-10 03-99 01-06 : 08-00 06-98 01-90 12-10 04-00 08-07 12-06 07-06 : 03-02 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 : 09-00 04-00 12-04 06-11 04-00 06-08 04-03 03-03 : 05-02 05-07 05-07 03-98 08-07 11-97 04-03 10-02 06-03 12-02 02-11 12-97 08-98 03-00 05-11 01-07 04-07 05-10 09-98 01-06 : 06-01 06-98 01-90 08-08 03-01 05-08 11-06 07-06 : 03-02 05-07 06-98 08-00 07-07 06-01 06-04 03-06 07-03 04-01 01-01 01-97 33.5 35.4 32.2 33.4 52.6 28.4 50.1 38.3 : 58.7 54.0 16.2 36.6 33.1 35.4 20.9 34.3 : 13.8 65.2 46.5 33.4 22.7 24.7 56.2 38.0 62.6 51.1 53.0 36.1 33.7 41.7 31.7 46.1 74.7 26.3 59.3 47.4 : 54.7 64.9 18.4 31.8 55.9 27.9 20.4 50.9 : 17.9 75.7 49.7 31.1 20.3 21.6 67.0 56.8 63.2 99.0 52.9 26.9 30.7 34.1 35.7 29.2 43.9 32.6 41.2 48.6 : 67.7 53.8 18.9 54.6 22.7 39.0 20.9 45.4 : 12.3 69.9 78.5 43.1 21.8 21.7 56.9 36.7 65.5 71.6 53.3 41.7 -6.1 -9.5 0.5 -0.1 22.9 -0.1 5.7 10.8 : -2.5 -18.0 -14.8 21.1 -27.0 -39.6 3.0 -0.9 : -11.8 20.5 -8.5 -1.4 -7.6 -24.8 2.1 -14.4 -4.3 -3.6 13.4 1.8 -14.2 -14.6 -7.7 -3.2 49.3 -3.4 3.0 16.1 : -4.2 -30.7 -16.9 18.0 -30.8 -46.2 2.5 -4.4 : -13.3 19.7 -20.8 -17.1 -9.8 -32.9 1.9 -5.6 -3.5 -14.5 11.2 -21.6 -7.2 -12.4 -2.6 -14.5 5.4 -1.3 2.7 16.9 : -4.2 -34.1 -13.7 23.0 -32.3 -49.3 3.1 -4.8 : -18.4 22.7 -5.8 5.1 -7.6 -28.1 1.6 -23.0 -5.1 1.3 5.2 10.4 -4.3 -7.7 1.2 3.3 18.2 1.1 7.8 16.8 : -4.6 -13.6 -15.3 6.4 -22.6 -35.0 3.5 -1.1 : -13.7 26.3 -13.0 2.2 -7.0 -23.2 2.9 -13.1 -3.1 4.7 16.5 4.7 -9.3 -11.5 -9.0 -4.7 44.6 -1.3 4.8 26.4 : -1.5 -25.3 -15.1 4.2 -23.7 -42.6 0.0 -6.8 : -15.1 22.4 -25.4 -1.8 -9.9 -30.5 3.5 -6.8 -6.2 -5.9 16.5 -7.7 -6.5 -10.3 1.8 -10.6 -0.8 -0.7 7.8 20.5 : -6.0 -27.5 -16.8 13.3 -30.2 -45.2 3.3 -6.7 : -15.8 25.3 -8.9 3.8 -7.9 -24.2 2.9 -22.1 -3.8 13.2 15.3 5.0 -1.3 -5.1 1.3 4.3 22.8 1.7 13.3 13.6 : -7.0 -11.1 -15.1 9.0 -19.3 -35.5 2.9 0.5 : -3.0 12.0 -9.4 6.7 -4.7 -20.6 3.0 -11.2 2.6 -3.4 17.5 10.5 -7.0 -7.5 -5.3 6.0 51.1 0.8 12.2 18.8 : 2.0 -20.5 -15.2 7.9 -17.9 -47.2 2.4 -6.0 : -2.4 9.1 -18.8 3.6 -6.9 -30.3 2.9 -4.5 -16.3 -14.3 17.7 -12.5 -2.8 -8.4 -1.8 -8.2 5.3 -1.5 12.8 13.7 : -11.8 -22.7 -18.1 11.6 -24.6 -42.6 1.4 -3.7 : -1.7 9.9 -9.9 5.3 -5.5 -22.4 2.1 -23.2 8.2 -5.0 12.5 17.2 1.1 -3.2 7.0 6.6 24.4 6.6 12.4 12.0 : -9.7 -5.9 -11.1 15.4 -17.2 -33.3 3.0 -5.1 : -9.6 12.8 -6.4 6.2 -3.6 -19.2 6.2 -14.3 -0.1 -2.5 24.9 14.0 -4.1 -5.5 1.2 3.4 49.6 3.6 12.9 18.8 : -12.6 -12.8 -10.8 4.7 -19.4 -38.4 1.6 -10.5 : -11.6 17.0 -15.5 4.8 -5.9 -26.7 5.4 -9.2 -16.3 -16.1 24.1 -5.4 -1.3 -7.2 3.2 -8.2 8.8 5.1 9.3 10.8 : -11.2 -17.1 -14.0 10.8 -25.8 -40.3 -0.4 -13.2 : -10.8 14.8 -1.9 2.6 -5.0 -20.3 9.1 -21.9 -2.5 -0.6 18.9 19.5 3.6 -3.6 11.3 3.3 26.1 8.7 10.2 13.1 : -7.1 -7.2 -9.6 16.8 -23.4 -29.7 3.7 -6.2 : -2.5 19.1 -3.4 18.4 -2.3 -14.3 0.3 -13.8 6.1 -1.1 22.1 29.4 -1.7 -6.6 3.5 -5.3 50.6 7.3 9.2 18.5 : -4.8 -15.8 -12.0 23.6 -23.8 -33.5 3.3 -8.6 : -1.1 20.4 -10.0 11.4 -4.1 -16.8 -1.6 -6.1 -1.4 -8.6 18.6 11.6 1.3 -6.9 10.8 -5.8 7.8 8.0 7.6 15.6 : -6.7 -20.3 -8.8 22.6 -30.5 -35.4 -1.1 -11.8 : -3.3 22.7 -3.7 14.1 -3.0 -16.4 -0.6 -21.6 -4.8 -0.2 15.0 31.9 4.2 -0.8 14.7 3.9 25.8 6.2 12.1 16.0 : -8.1 -4.9 -6.4 -3.3 -17.8 -20.7 5.2 -5.9 : -0.6 20.0 -0.2 16.9 -2.1 -13.3 1.5 -9.7 5.3 -4.3 25.1 21.0 -0.3 -4.0 14.1 -1.0 51.3 6.3 10.7 23.5 : -6.4 -11.5 -9.9 -4.6 -19.9 -27.8 5.5 -12.1 : 0.0 12.5 -6.9 14.7 -3.6 -17.1 -2.5 -7.1 2.0 -21.4 22.8 9.0 1.8 -2.8 15.5 -8.2 7.5 3.3 9.7 19.3 : -6.3 -15.0 -5.2 -9.5 -24.5 -26.9 -0.2 -6.7 : -0.5 28.5 1.8 24.1 -3.6 -16.0 0.9 -14.3 -6.1 7.3 20.6 17.6 5.7 0.4 12.3 8.7 27.9 6.7 12.7 13.9 : -4.9 2.9 -9.9 21.0 -14.8 -24.2 3.5 -3.9 : 1.5 21.4 4.1 14.6 -0.9 -9.1 -1.9 -10.5 7.2 6.4 26.7 23.9 -0.2 -2.1 6.8 2.8 50.3 5.8 13.5 18.1 : -2.3 -4.6 -13.8 30.2 -15.8 -34.1 4.5 -8.3 : 2.2 19.3 -0.7 7.3 -2.1 -14.3 -3.4 -4.3 9.8 -1.2 23.6 1.3 6.2 -0.4 13.1 0.0 12.2 3.9 12.8 11.9 : -8.9 -9.3 -5.6 2.7 -19.4 -33.6 1.5 -5.3 : -4.8 26.5 6.4 16.0 -2.7 -10.1 -0.5 -15.2 10.3 9.3 19.4 32.6 7.4 2.4 12.6 9.4 26.6 7.0 16.5 15.8 : 2.5 7.6 -9.5 14.5 -12.9 -16.5 6.8 -1.3 : 4.4 31.1 3.5 9.5 1.5 -6.0 -0.2 -5.6 8.0 4.3 33.0 23.2 1.7 -0.6 13.4 6.4 48.1 7.5 15.9 20.3 : -5.1 0.9 -14.4 7.7 -14.3 -28.8 6.8 -4.5 : 6.1 26.5 -1.9 8.8 -0.6 -12.4 -3.5 -2.2 12.2 -4.9 31.3 3.7 7.1 -0.2 13.9 0.1 11.9 3.9 14.2 16.0 : 4.9 -2.8 -7.2 9.6 -21.1 -25.9 3.3 -0.9 : 3.3 40.4 4.1 8.7 -0.6 -9.1 0.6 -12.5 8.9 6.2 28.8 33.7 8.5 3.3 20.5 8.6 25.5 1.7 17.7 14.4 : 4.5 3.3 -8.9 -6.0 -9.7 -16.5 7.7 2.3 : 6.4 23.6 3.0 14.2 1.3 -6.9 5.6 -6.1 2.9 1.3 29.6 27.1 2.7 0.5 15.0 2.1 49.2 -1.2 18.5 21.2 : 1.4 -5.9 -11.6 -4.7 -12.3 -27.2 6.0 0.7 : 4.1 26.3 -2.8 14.1 -0.9 -12.5 4.3 -1.0 -1.9 -10.4 29.8 6.6 8.4 2.4 22.8 0.4 4.6 -1.4 17.8 13.6 : 7.1 -10.3 -4.2 -3.2 -13.6 -24.8 7.6 -1.5 : 8.0 18.3 3.6 10.7 -1.1 -11.6 7.3 -8.6 8.7 4.1 23.0 32.5 8.4 4.5 12.7 10.2 27.8 1.6 15.0 17.2 : 4.9 11.6 -7.1 -4.1 -5.7 -12.4 4.1 2.0 : 5.4 27.3 7.3 14.1 0.7 -3.1 3.6 -3.4 4.5 0.1 27.8 22.3 3.7 3.2 12.6 6.6 51.5 0.6 16.3 23.5 : -0.7 2.6 -10.5 -20.8 -1.9 -13.8 5.0 0.2 : 5.9 16.5 2.8 17.0 -1.7 -7.1 3.5 1.4 -6.8 -4.9 24.2 2.1 8.1 3.5 8.1 2.7 11.3 -0.3 16.4 23.2 : -1.3 1.2 -3.7 -9.8 -11.6 -23.0 3.4 0.2 : 6.4 29.5 11.6 14.3 0.2 -6.6 7.2 -9.1 11.0 -4.7 24.6 26.1 8.9 3.5 11.5 8.1 25.8 -0.2 14.8 14.1 : 6.0 8.4 -6.3 -3.9 -10.1 0.0 4.0 2.6 : 8.5 19.6 5.8 16.6 1.7 -4.4 2.5 2.6 11.7 -1.9 25.0 29.9 4.6 2.3 9.6 -1.7 48.8 -1.2 16.7 22.4 : 1.9 1.2 -7.3 -2.7 -9.8 -12.1 4.1 1.7 : 7.6 20.7 1.3 16.7 -0.7 -5.7 1.5 6.0 -14.5 -10.5 25.4 11.7 7.5 1.5 10.5 4.3 10.6 -4.9 10.3 17.5 : 1.9 -2.8 -1.7 -9.2 -14.0 -7.2 3.2 3.7 : 7.0 16.4 7.1 21.1 0.7 -7.4 5.5 1.8 18.1 -7.6 18.8 33.1 8.2 3.8 19.2 10.2 24.8 6.9 14.6 0.4 : 6.5 6.4 -5.5 6.4 -9.9 5.6 2.5 -0.7 : 5.5 22.7 5.5 12.5 -0.4 -0.1 4.0 8.7 19.6 -2.1 26.5 24.2 5.6 3.2 16.7 4.1 49.8 7.4 12.7 7.2 : 13.9 2.0 -4.7 4.3 -4.9 1.4 2.6 -4.3 : 5.6 19.3 1.4 9.4 -2.3 2.3 3.1 13.9 10.8 -13.9 27.8 11.4 8.9 2.1 23.3 -1.0 12.9 7.5 12.4 4.2 : -4.6 -5.8 -1.5 -10.0 -14.5 -6.5 0.8 0.4 : 8.1 22.3 7.0 13.1 -2.8 -0.9 4.7 6.7 17.5 -1.0 22.7 36.4 10 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) 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 02-09 06-10 06-09 01-12 11-01 03-09 : 10-12 02-09 04-09 02-09 04-96 04-13 03-09 03-09 : 03-09 04-09 02-09 02-09 03-03 11-12 06-09 04-09 03-09 07-02 04-09 01-09 06-09 05-09 04-09 08-12 07-09 06-12 12-02 02-09 : 06-01 02-10 05-09 07-13 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 : 11-12 02-09 05-09 06-09 07-13 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 -25.4 -20.1 -31.9 -1.6 -1.8 -7.7 -15.7 -46.2 : -47.8 -27.0 -28.1 -35.0 -31.3 -54.6 -43.3 -41.3 : -48.7 -17.7 -30.1 -30.6 -15.1 -27.3 -22.9 -30.0 -19.0 -41.0 -25.7 -54.1 -22.3 -18.3 -46.0 -30.5 -43.9 -17.5 -21.3 -28.2 : -44.5 -25.7 -26.7 -57.1 -21.6 -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 -21.1 -16.6 -33.9 -30.9 -33.5 -18.8 -14.0 -26.9 : -41.5 -16.1 -27.9 -62.1 -17.4 -26.1 -39.9 -48.9 : -31.2 -22.0 -29.3 -21.8 -11.9 -58.6 -44.7 -31.8 -67.5 -31.6 -36.8 -49.1 15.4 15.0 23.3 18.6 25.9 9.3 22.2 9.2 : 16.4 21.6 1.5 14.8 10.5 8.6 8.0 7.8 : -6.8 20.8 16.0 16.0 7.9 1.1 12.9 13.5 33.2 16.6 24.8 15.2 5.2 6.3 6.3 -9.2 -7.9 -7.0 11.5 3.9 : -4.0 4.8 1.9 -24.5 3.1 -0.4 -0.2 -1.6 : -10.3 5.8 1.6 8.8 -1.5 -9.7 -2.1 -5.1 -26.8 13.6 3.1 3.8 6.3 5.2 16.9 -7.6 -11.4 -4.3 3.9 10.4 : 0.1 8.9 1.0 -27.9 3.7 1.5 3.5 1.1 : -6.3 7.1 5.2 8.1 0.6 -9.7 -0.8 -2.8 -25.8 12.5 9.5 11.3 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 12-97 08-00 07-00 05-02 02-07 01-11 09-00 12-05 : 09-01 06-98 11-06 05-08 06-98 03-07 12-06 01-08 : 02-02 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 08-07 11-02 04-11 03-99 01-11 : 06-00 08-98 02-01 05-08 04-06 07-08 12-06 04-07 : 03-14 05-07 09-98 01-13 01-08 07-98 12-04 04-08 08-10 11-97 01-01 05-07 10-99 01-01 12-99 04-08 01-08 01-11 04-11 03-05 : 05-99 04-00 12-00 05-11 04-00 07-08 08-06 01-07 : 03-14 04-08 03-07 08-00 12-07 05-98 03-03 10-08 10-08 07-00 09-00 12-13 40.7 41.9 47.1 49.2 50.4 35.4 60.0 32.9 : 73.5 57.6 17.4 65.8 42.0 47.6 27.8 30.3 : 16.7 52.6 58.9 36.7 28.2 33.1 51.4 43.2 85.5 51.9 66.0 55.7 27.5 30.6 33.7 9.6 27.0 7.5 42.3 18.0 : 41.9 44.0 25.4 41.3 27.9 36.4 17.6 42.2 : 6.1 38.5 51.8 27.1 12.8 23.3 23.7 26.3 10.0 88.0 42.1 35.3 23.1 21.4 45.2 15.4 16.6 13.5 18.2 27.0 : 46.7 40.4 21.9 15.3 26.2 30.0 20.4 35.1 : 9.7 30.9 33.0 36.9 18.6 21.5 24.9 25.8 6.2 81.2 62.2 38.6 3.0 -1.5 11.7 17.5 14.1 4.4 11.4 -0.8 : 0.8 10.7 -13.8 22.3 -18.0 -23.2 3.3 6.3 : -3.6 19.1 1.1 7.9 -5.5 -13.3 2.7 -14.7 -4.3 2.2 23.8 16.6 -3.7 -6.8 -8.2 -18.0 -8.9 -10.0 7.2 7.2 : -12.5 -24.9 -5.4 -20.5 -14.5 -10.5 -2.8 0.0 : -10.4 10.1 -19.4 4.0 -5.4 -18.2 -4.1 -25.4 -19.0 -10.2 -4.3 10.3 -2.2 -5.4 -0.9 -10.1 -33.5 -9.0 4.9 8.2 : -11.5 -0.5 -9.8 0.3 -15.7 -18.2 -0.6 6.5 : -3.5 -2.9 -16.7 20.7 -7.1 -14.8 -4.6 -28.5 -13.4 -7.6 -1.7 10.5 2.9 -1.3 10.7 25.1 10.9 5.1 10.8 3.5 : -6.2 12.1 -14.2 1.5 -13.8 -17.3 7.2 10.3 : -10.2 31.1 -4.8 4.5 -3.1 -14.8 2.4 -10.2 0.7 6.8 17.8 16.7 -2.8 -3.9 -14.0 -9.8 -19.5 -9.1 8.1 9.9 : -19.2 -14.8 -6.5 -57.1 -5.3 -8.0 -2.0 0.4 : -14.4 13.1 -19.0 21.4 -6.4 -18.0 -3.8 -18.5 -17.9 -7.8 -7.8 5.6 -2.1 -5.4 10.0 -7.8 -21.6 -7.9 5.7 9.9 : -16.7 -4.9 -9.6 -33.4 -17.4 -12.0 2.2 5.8 : -1.3 9.7 -14.2 18.2 -6.5 -14.0 -6.8 -29.1 -22.7 -6.7 -4.7 11.4 6.0 0.5 11.0 15.0 11.9 5.9 14.8 8.4 : -11.2 9.9 -12.0 7.7 -15.4 -16.6 4.9 11.2 : -4.7 17.0 0.5 11.1 -1.7 -8.9 4.1 -5.9 16.0 9.0 22.4 26.8 -4.2 -6.2 -10.9 -13.5 -34.3 -10.6 8.2 7.4 : -19.4 -12.1 -10.5 -19.3 -12.5 -6.2 0.9 6.9 : -10.8 3.0 -18.9 1.7 -4.3 -14.6 -1.6 -23.3 -24.6 -11.0 -2.3 5.4 -0.9 -3.7 11.8 -14.2 -27.6 -7.8 7.7 9.0 : -17.6 -6.0 -5.0 -19.4 -15.8 -6.0 0.5 10.6 : -1.2 10.8 -14.4 4.0 -4.9 -11.2 -3.8 -25.2 -17.0 -6.1 -1.8 11.9 8.6 3.2 16.7 24.5 14.9 11.1 15.1 6.5 : -5.4 12.2 -8.4 30.8 -6.5 -21.1 7.7 8.4 : -6.4 6.4 -1.8 11.1 0.1 -10.5 4.2 -11.8 18.4 9.1 31.7 27.9 -2.2 -3.5 -4.8 -13.2 -32.9 -8.5 5.7 7.1 : -20.1 -1.9 -2.3 -37.7 -13.5 -14.3 -3.3 9.0 : -7.0 13.0 -17.4 7.3 -4.4 -13.9 -7.6 -21.8 -23.8 -11.1 -7.4 7.2 -0.6 -3.1 8.0 -16.3 -22.9 -7.5 6.6 6.1 : -23.2 -0.7 -3.5 -24.8 -14.9 -1.4 0.6 10.8 : -1.2 9.1 -16.4 5.1 -5.0 -11.5 -6.5 -31.8 -6.5 -6.9 3.2 11.6 11.4 2.7 19.7 20.9 20.0 10.9 13.7 5.3 : -9.9 14.5 -8.1 4.1 -15.8 -20.3 9.0 1.8 : -3.2 14.3 3.6 29.6 0.2 -9.5 3.2 -13.8 24.5 5.5 32.7 44.8 -1.7 -3.9 -0.1 -15.7 -27.5 -1.6 8.1 4.1 : -16.0 -4.8 -6.3 -7.7 -10.1 -7.4 -3.2 12.9 : -2.9 2.8 -17.7 -16.5 -3.9 -9.3 -7.0 -26.0 -22.8 -11.9 -6.8 9.5 0.3 -3.1 13.3 -11.2 -15.6 -4.3 4.7 10.1 : -19.5 -4.0 -3.4 6.7 -12.4 -10.7 -0.9 12.7 : 2.9 2.4 -16.1 0.0 -5.4 -11.6 -8.3 -27.2 -9.8 2.4 4.1 15.2 11.1 4.4 14.7 20.9 18.6 9.2 15.9 5.1 : -11.7 11.9 -4.0 4.3 -9.0 -7.3 10.4 1.0 : -1.2 19.1 4.4 12.0 0.9 -6.8 6.2 -7.7 19.9 1.1 31.8 36.4 1.6 -2.0 2.0 -24.8 -29.1 -5.2 10.4 4.8 : -26.2 -10.5 0.3 -18.0 -13.2 -9.3 0.4 13.2 : -2.7 11.3 -17.8 5.3 -3.6 -7.9 -11.2 -22.9 -19.1 -1.3 -8.2 21.7 2.8 -1.3 13.6 -8.8 -11.7 -3.1 9.5 10.8 : -18.7 -5.5 -3.6 -12.3 -11.0 -4.3 0.4 14.7 : 0.6 11.9 -16.7 11.5 -5.2 -10.1 -0.6 -26.1 -12.2 -6.2 4.9 20.9 11.1 3.6 17.0 23.4 21.3 10.3 11.7 11.7 : -3.5 22.5 -10.3 30.2 -9.3 -4.8 4.6 1.8 : 7.1 18.6 6.4 20.5 2.0 -2.9 -1.6 -12.0 1.5 11.2 37.1 37.8 5.3 1.8 5.6 -9.3 -25.6 -3.9 10.8 5.3 : -24.5 -2.4 4.7 -38.4 -3.9 -7.8 2.7 9.2 : 0.1 19.5 -15.0 5.9 -4.1 -8.0 -11.3 -21.6 -13.6 -10.0 -3.4 25.4 6.1 -1.2 17.2 -9.5 -15.8 0.1 7.4 11.5 : -14.8 -1.7 -4.6 -41.6 -9.0 -0.7 1.5 13.2 : 5.9 16.8 -12.8 2.6 -4.5 -8.3 -4.6 -23.0 -10.8 -6.6 8.6 38.6 13.3 8.0 10.6 21.7 19.9 9.7 19.5 11.3 : 7.8 24.8 -6.9 26.3 -3.4 5.2 10.2 1.4 : 3.8 26.3 8.2 10.9 5.6 3.6 2.2 -2.1 3.0 11.4 39.0 32.3 3.7 -0.2 -4.6 -7.8 -17.5 -1.3 14.5 4.9 : -8.5 -5.5 1.6 -12.2 -11.9 -3.1 0.2 1.7 : 1.5 15.9 -13.5 -20.6 -4.7 -3.3 -9.4 -18.9 -18.6 -6.8 0.2 23.3 5.6 0.4 13.0 -8.3 -15.8 1.3 7.6 12.7 : -10.5 6.1 -3.5 -0.2 -11.8 -6.6 3.2 3.6 : 8.5 18.7 -12.3 18.4 -1.2 -1.0 -5.2 -18.8 -7.7 2.0 18.4 27.5 14.3 7.0 23.5 23.3 22.7 7.5 16.7 8.5 : 4.9 26.1 -10.8 -10.1 -3.2 2.6 9.4 7.5 : 7.1 26.2 8.0 17.9 5.9 3.6 5.4 -8.5 1.9 10.4 36.1 42.1 2.6 -1.9 5.9 -0.7 -11.7 -9.1 10.8 1.7 : -4.7 -6.5 1.3 -29.6 -21.6 2.7 1.1 6.6 : 0.2 17.8 -13.0 0.9 -3.9 -2.9 -6.3 -24.1 -9.1 -4.2 2.5 23.3 6.1 1.1 19.4 -4.5 -16.2 -8.7 12.8 13.9 : -4.9 -0.2 -6.3 -41.5 -8.1 -7.9 2.9 1.6 : 4.6 29.3 -8.3 4.3 -1.2 -2.9 -5.3 -18.1 -11.3 -7.3 16.9 29.3 13.4 6.7 17.4 21.2 20.8 4.4 12.4 4.8 : 16.6 30.9 -7.2 18.4 -3.6 -0.4 4.1 5.5 : 3.9 35.7 7.6 11.1 3.7 4.3 0.1 -2.5 9.3 10.0 34.5 38.5 4.2 -0.9 12.2 -3.8 -15.9 -5.1 11.0 4.9 : -13.0 -5.5 -2.7 -37.2 -11.7 -1.4 -1.3 1.1 : 6.1 10.0 -13.8 3.4 -0.9 -1.9 -5.8 -20.5 -12.8 -4.3 -0.8 28.2 5.5 1.8 23.9 -7.7 -11.2 -3.4 9.9 11.7 : 2.9 -0.4 -1.8 -29.1 -8.1 -8.2 0.8 3.9 : 9.7 29.1 -5.7 6.3 0.2 -4.5 -3.7 -19.4 -7.3 -10.8 14.3 22.3 14.6 6.7 14.3 21.6 18.0 5.6 17.4 2.5 : 14.2 26.9 -9.8 0.2 -6.3 19.5 4.7 2.4 : 11.0 21.8 8.9 12.0 5.0 -0.2 0.3 0.0 31.4 12.3 30.9 45.0 7.7 2.2 6.9 -2.2 -5.8 -9.4 14.6 8.3 : -8.3 -6.6 4.5 -21.6 -8.8 -1.5 -1.8 4.6 : 4.0 20.8 -9.7 1.8 -1.5 -3.7 -6.5 -15.9 -11.4 -4.1 5.8 33.7 8.6 2.3 19.6 -4.1 -6.6 -3.1 10.8 8.9 : 12.0 5.0 -1.3 -13.7 -9.0 -6.3 -0.1 10.5 : 8.1 19.9 -6.0 -4.3 -0.9 -3.4 -8.4 -16.4 -6.7 -10.2 11.8 37.8 10.1 6.0 17.5 27.5 11.7 5.9 18.7 -10.4 : 10.2 23.0 -10.2 24.9 -10.4 21.9 3.9 1.6 : 3.0 26.3 8.1 15.1 4.0 -1.5 4.1 5.6 30.6 8.7 29.0 24.8 7.4 2.0 8.5 -3.6 -2.5 -5.1 11.7 8.3 : -13.5 -0.8 4.3 -26.4 -9.2 -6.8 -1.2 12.9 : 5.9 11.8 -7.6 1.8 -2.0 -2.3 -5.8 -10.7 -19.6 -1.8 4.8 33.3 6.0 1.0 22.4 -1.6 -9.7 -1.6 9.5 6.0 : 4.8 4.9 -2.0 -17.2 -15.4 -4.8 0.1 10.8 : 2.7 19.2 -4.7 5.0 -2.1 -1.3 -7.1 -10.5 -8.6 -6.7 14.3 27.8 11 TABLE 3 (continued) : Monthly survey of services (s.a.) Since 1990 (*) Min. Date Ave. 2014 Nov Dec Jan Feb Mar Apr May 02-09 -13.2 2.4 01-07 12.7 -1.5 -1.2 1.4 -0.7 0.8 -0.5 EU 07-09 -10.1 3.0 06-08 13.2 -1.8 -2.2 -1.7 -2.4 -2.6 -1.9 EA 01-10 -13.8 6.2 07-08 28.8 4.2 2.9 7.5 5.8 7.2 6.0 BE 01-11 -11.9 7.6 07-04 37.5 2.1 -2.5 -2.3 -4.2 5.5 -0.8 BG 02-13 -8.3 4.3 01-04 23.6 0.9 -4.9 -2.3 2.4 0.5 0.3 CZ 01-13 -8.1 2.1 12-10 16.0 4.9 1.0 1.1 3.7 3.2 -3.7 DK 07-09 -10.9 8.0 03-11 22.9 13.2 15.7 16.5 13.4 11.0 12.6 DE 03-09 -31.5 9.8 09-05 26.4 10.4 8.8 13.7 11.5 8.6 12.3 EE : : : : : : : : : : : IE 09-12 -40.2 -3.1 06-06 24.2 -19.3 -23.0 -24.3 -21.7 -24.7 -20.7 EL 11-11 -17.9 2.7 09-04 20.3 -9.1 -13.6 -13.4 -12.6 -11.7 -10.6 ES 07-09 -21.0 -2.4 04-90 16.6 -13.1 -13.1 -11.3 -11.6 -11.0 -8.9 FR 03-14 -40.3 0.7 08-08 35.7 11.7 -3.0 -0.8 0.5 -1.7 2.2 HR 08-13 -15.7 -1.0 05-04 17.9 -10.5 -12.2 -15.7 -13.0 -10.8 -12.1 IT 04-13 -38.9 2.9 06-03 72.7 -30.2 -21.3 -16.2 -15.5 -17.0 -20.6 CY 12-09 -31.1 8.4 12-07 35.8 0.7 -0.7 0.4 -0.4 1.1 2.9 LV 06-09 -23.0 -0.2 08-06 20.8 -0.9 -1.5 -2.7 -4.1 -1.0 -2.7 LT : : : : : : : : : : : LU 02-09 -8.5 5.5 09-06 28.0 -2.6 -0.3 -0.5 -0.3 3.0 2.6 HU 08-09 -21.6 0.1 05-08 18.6 5.5 3.3 3.8 1.0 -5.1 -2.3 MT 08-09 -5.5 9.3 01-07 30.7 5.1 4.6 2.6 3.9 4.0 2.9 NL 05-09 -10.3 10.5 11-07 30.4 5.2 7.8 23.2 9.0 11.2 10.0 AT 07-13 -10.6 1.9 04-08 16.8 -10.1 -10.6 -7.4 -5.1 -4.4 -3.7 PL 11-03 -17.3 -3.8 11-05 10.6 -9.1 -9.6 -8.8 -7.5 -5.7 -6.6 PT 06-10 -8.7 16.1 04-04 54.5 7.7 1.5 2.4 2.9 -0.2 5.8 RO 02-10 -16.4 1.4 01-08 23.1 -3.8 -6.5 -9.4 -8.0 -12.2 -7.7 SI 12-10 -17.5 13.1 07-02 68.9 8.3 2.3 -4.0 -4.4 -0.4 -4.1 SK 07-04 -25.1 10.9 01-08 40.7 15.3 10.1 5.0 13.5 7.1 -10.8 FI 04-09 -17.0 9.6 11-07 32.4 7.0 2.6 7.0 4.9 5.5 3.7 SE 02-09 -34.3 -1.7 04-14 17.8 -1.6 3.1 13.9 4.9 13.1 4.3 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. 2.1 -0.8 12.3 5.0 3.1 -1.5 13.8 8.8 : -16.6 -11.8 -10.3 -24.7 -8.9 -19.7 1.6 -3.7 : 0.1 1.8 3.1 5.7 -3.6 -5.1 6.0 -9.2 -1.8 -5.7 8.2 14.3 0.9 -0.4 12.4 2.1 -1.6 -6.4 15.2 5.0 : -22.7 -14.0 -10.3 -8.3 -12.4 -15.3 2.9 0.2 : 0.8 -5.1 1.8 27.6 -4.2 -2.7 3.5 -8.4 4.8 -1.1 11.1 6.9 2.9 2.1 9.1 5.2 3.5 0.7 17.7 14.0 : -14.6 -2.9 -6.9 -16.8 -11.5 -19.0 1.1 1.0 : 5.8 -0.7 4.9 11.7 -2.4 -3.7 0.9 -12.2 -1.8 5.9 4.5 7.3 1.6 -0.9 5.6 1.7 -0.9 -2.1 12.3 9.4 : -12.2 -7.4 -12.2 -40.3 -10.4 -16.9 -0.7 -4.3 : 3.2 -1.9 7.3 12.6 -3.0 -1.6 2.1 -12.5 1.4 2.1 4.5 12.6 2.7 -0.7 4.9 -0.1 -1.6 -4.3 9.8 9.0 : -7.6 -11.0 -8.9 -19.6 -5.7 -7.9 -0.8 -4.2 : 3.7 -3.1 6.1 12.2 -2.7 -5.5 5.1 -11.0 5.5 -3.0 2.3 17.8 1.6 0.0 7.5 -2.8 -0.8 -2.6 11.8 2.1 : -1.6 -5.4 -9.8 -1.1 -8.8 -3.4 -0.3 1.0 : 5.7 -0.3 7.1 3.7 -2.1 -2.3 2.2 -5.7 4.2 3.6 6.6 8.0 SELLING–PRICE EXPECTATIONS (Question 6) Value 2013 Max. Date Value Jun Jul Aug Sep Oct 12 TABLE 4: Monthly survey of consumers (s.a.) (a) Since 1990 (*) Min. CONSUMER CONFIDENCE (b) INDICATOR FINANCIAL SITUATION OF HOUSEHOLDS OVER NEXT 12 MONTHS (Question 2) Component of the consumer confidence indicator GENERAL ECONOMIC SITUATION OVER NEXT 12 MONTHS (Question 4) Component of the consumer 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 02-09 04-09 03-98 10-90 04-09 04-93 05-09 10-11 02-09 03-09 08-09 06-12 04-13 07-09 01-09 12-08 04-09 04-11 02-13 04-09 08-01 10-12 06-10 09-12 09-99 12-08 12-08 01-09 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 10-12 04-95 11-08 11-12 04-96 12-11 12-11 06-10 09-12 08-99 04-93 09-96 03-90 03-09 03-09 07-93 04-09 05-12 09-08 03-09 04-93 07-09 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 -32.2 -34.3 -26.5 -50.1 -35.8 -11.8 -32.9 -56.3 -32.1 -83.8 -47.6 -37.0 -51.5 -41.5 -64.4 -54.9 -56.1 -20.7 -68.8 -41.3 -30.2 -23.0 -40.1 -60.1 -63.3 -46.1 -49.0 -6.4 -10.0 -35.2 -12.8 -13.6 -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 -22.8 -18.3 -22.6 -41.0 -47.0 -41.2 -44.7 -8.3 -12.6 -22.8 -40.0 -44.1 -45.5 -42.8 -45.9 -22.9 -52.1 -38.3 -46.1 -88.7 -48.2 -46.6 -53.7 -44.8 -66.5 -53.5 -58.1 -44.3 -66.5 -36.1 -50.8 -40.3 -35.2 -76.7 -64.1 -52.7 -53.5 -27.9 -29.8 -50.1 -12.2 -13.2 -7.0 -33.8 -13.0 7.6 -8.8 -16.8 -7.2 -38.5 -14.5 -18.7 -33.2 -16.6 -35.5 -22.6 -16.2 -0.9 -33.4 -24.8 1.0 -1.3 -22.4 -26.9 -30.2 -21.1 -24.4 13.3 9.7 -9.7 -2.6 -3.7 1.4 -19.2 -9.0 12.2 -3.3 -6.4 -3.8 -24.9 -3.2 -3.7 -13.8 -3.1 -19.6 -5.6 -4.8 -0.1 -24.1 -20.9 0.6 -4.0 -7.7 -10.6 -8.4 -15.2 -17.5 6.3 9.2 1.3 -13.3 -14.1 -9.3 -19.0 -12.8 0.8 -13.1 -1.9 -7.9 -28.5 -10.1 -20.3 -28.1 -11.7 -30.3 -9.0 -6.3 -12.9 -19.7 -16.7 -10.0 -6.1 -14.7 -25.4 -15.1 -14.7 -25.1 3.4 1.4 -12.3 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 08-00 05-00 12-00 08-01 10-06 11-06 11-10 04-06 01-00 04-00 03-00 01-01 07-07 06-01 06-01 09-06 05-07 02-02 08-02 11-13 03-00 06-07 04-08 07-91 07-07 07-07 12-06 09-10 09-10 05-14 04-01 03-00 08-00 07-01 12-06 10-00 04-14 04-06 01-00 04-00 10-99 01-01 12-06 07-01 06-01 09-06 03-07 06-02 08-02 11-13 12-99 04-99 12-07 01-92 12-07 11-96 12-06 10-04 07-02 09-02 01-00 04-00 06-00 07-01 11-05 07-01 11-10 12-06 01-00 01-00 08-97 05-07 07-07 02-95 05-01 09-06 06-07 05-11 08-02 11-13 03-00 07-07 04-08 01-92 01-05 10-04 12-06 01-95 04-10 06-97 1.6 2.4 16.2 -13.0 3.9 19.0 10.9 12.8 19.1 -5.8 5.3 3.3 -14.0 2.5 -13.0 1.0 9.2 13.4 0.2 1.4 30.8 16.3 -0.5 -0.5 -10.6 -4.1 6.6 23.8 28.0 7.6 5.3 4.6 13.2 3.2 4.8 38.7 5.3 17.3 15.9 9.5 9.7 6.2 3.0 6.8 0.0 16.3 12.5 11.8 16.2 13.3 16.4 4.0 4.8 10.9 10.3 -1.9 10.3 12.7 17.6 15.5 0.8 3.5 19.6 15.6 8.4 23.2 21.2 26.9 22.4 17.2 10.9 5.7 -1.9 13.2 -6.2 17.2 17.9 6.4 19.2 16.7 26.0 17.1 13.5 12.4 12.2 7.2 15.4 28.3 30.8 13.5 -17.4 -18.7 -17.6 -37.0 -16.9 11.3 -3.2 -7.9 -15.3 -66.5 -25.6 -30.9 -35.3 -19.2 -59.7 -9.6 -9.3 -9.6 -33.9 -11.6 -20.9 -7.4 -26.1 -52.9 -34.4 -37.4 -28.2 8.9 11.7 -15.5 -8.3 -9.4 -3.8 -26.2 -6.3 10.4 2.4 -0.8 -23.9 -58.6 -14.8 -16.5 -18.7 -9.2 -40.6 5.7 -1.3 -3.2 -19.8 -3.4 -10.0 -4.8 -10.1 -33.9 -11.2 -27.5 -18.4 3.5 9.0 -6.9 -19.9 -21.5 -14.5 -24.8 -24.6 11.6 -9.4 0.0 -18.9 -61.0 -23.3 -44.8 -32.2 -5.2 -59.9 0.0 2.4 -25.0 -22.0 -0.1 -25.0 -10.1 -22.8 -60.7 -26.6 -40.9 -33.3 0.4 0.2 -18.4 -14.7 -17.3 -15.2 -37.9 -18.8 12.0 -2.3 -8.6 -20.1 -70.9 -22.7 -25.8 -27.2 -18.5 -57.1 -11.9 -11.3 -12.7 -32.2 -10.0 -23.5 -12.3 -25.8 -52.1 -34.3 -35.4 -23.8 6.9 15.1 -6.9 -6.3 -8.8 -4.7 -24.7 -6.6 9.0 3.4 -1.5 -28.2 -61.5 -10.4 -16.5 -13.2 -7.9 -38.0 3.1 -2.0 -7.1 -20.0 -2.8 -14.3 -4.7 -10.4 -34.7 -10.5 -29.1 -13.9 5.2 11.0 1.1 -17.2 -20.9 -11.6 -24.7 -25.8 12.0 -10.8 -1.8 -25.6 -69.0 -18.1 -37.0 -21.5 -7.1 -54.2 -6.3 -0.8 -29.0 -17.8 4.2 -31.2 -14.3 -25.5 -62.5 -22.7 -41.1 -31.4 -1.8 4.3 -7.6 -12.7 -15.5 -11.5 -37.2 -16.5 15.5 -3.4 -6.3 -8.2 -76.6 -21.2 -22.0 -29.2 -16.9 -52.2 -15.9 -8.9 -7.8 -33.8 -8.7 -15.1 -5.7 -24.4 -47.9 -36.1 -31.5 -24.8 6.9 14.8 -3.5 -5.8 -7.9 -4.3 -23.6 -7.3 11.2 2.9 -2.3 -15.7 -67.9 -9.1 -12.8 -8.3 -8.4 -30.5 -1.6 -0.5 -3.5 -18.6 -1.9 -14.2 -2.1 -9.2 -32.9 -12.0 -25.7 -14.3 5.3 10.0 0.1 -12.4 -15.7 -3.0 -26.6 -17.6 16.7 -7.2 3.9 -13.1 -74.2 -14.7 -28.1 -22.1 -3.9 -44.3 -10.0 3.7 -22.3 -19.2 6.3 -18.9 -8.4 -21.0 -56.0 -25.1 -33.3 -29.1 -2.3 3.4 -2.5 -11.6 -14.8 -7.1 -35.1 -13.4 15.7 -4.0 -6.9 -3.0 -72.2 -17.5 -20.4 -33.8 -18.1 -53.2 -13.7 -10.1 -2.9 -28.2 -5.5 -18.2 -4.4 -22.4 -43.7 -34.6 -30.3 -24.0 7.7 14.2 -1.0 -5.0 -7.1 0.5 -22.5 -3.3 11.8 2.3 -0.8 -10.4 -63.7 -6.7 -12.5 -14.1 -6.5 -31.0 0.4 -0.4 -1.4 -15.7 2.1 -15.6 -0.7 -8.3 -31.3 -10.8 -25.5 -13.6 4.1 7.6 0.9 -10.2 -13.5 5.5 -24.8 -12.8 16.7 -5.6 4.9 -0.8 -69.0 -9.6 -24.8 -26.9 -5.8 -51.4 -7.6 1.6 -18.1 -13.5 9.1 -21.9 -2.3 -19.1 -48.9 -23.3 -34.3 -27.0 -0.8 5.7 0.1 -11.6 -14.4 -8.1 -38.1 -13.6 16.9 -4.2 -2.8 2.8 -66.2 -20.7 -18.4 -37.4 -19.1 -53.1 -14.5 -9.3 -1.2 -27.0 -5.2 -12.9 -3.6 -24.2 -42.3 -36.2 -34.7 -20.1 7.0 14.9 -2.1 -5.4 -7.1 1.4 -23.6 0.9 11.5 2.4 6.4 -6.1 -56.5 -8.9 -12.1 -17.0 -8.6 -33.6 2.2 -0.2 -0.5 -13.3 5.4 -13.6 -2.8 -8.3 -26.7 -10.7 -26.1 -9.8 5.3 11.3 -1.4 -9.2 -11.7 5.3 -27.9 -9.1 22.8 -4.2 11.0 8.4 -63.9 -9.7 -24.0 -34.3 -6.2 -56.1 -7.6 3.2 -9.1 -12.9 8.9 -7.5 0.3 -19.3 -45.0 -26.5 -38.8 -18.2 1.9 6.4 -1.5 -12.3 -15.3 -7.1 -38.0 -9.8 14.9 -2.1 -1.5 3.4 -66.7 -20.5 -26.4 -38.0 -20.9 -50.2 -13.9 -10.2 -1.0 -22.4 1.4 -5.9 -3.9 -23.6 -39.1 -34.9 -34.6 -17.4 8.2 17.0 -2.9 -4.8 -6.0 1.6 -23.5 -0.8 10.6 3.5 5.0 -4.6 -59.0 -7.6 -13.0 -17.6 -6.8 -31.1 0.4 1.2 -0.5 -6.4 13.3 -5.1 -0.6 -8.0 -25.4 -10.8 -28.4 -7.9 5.8 12.3 -2.9 -10.6 -13.4 10.0 -29.1 -5.4 19.8 -1.9 13.9 9.3 -62.2 -9.2 -36.1 -33.4 -11.4 -49.2 -6.3 3.0 -7.3 -5.7 16.7 4.1 2.1 -19.2 -41.3 -26.6 -42.9 -16.0 4.1 9.2 -2.7 -10.9 -13.5 -5.3 -38.9 -10.8 15.4 -2.2 -2.3 9.9 -63.3 -17.1 -22.4 -41.3 -20.2 -43.9 -9.1 -5.7 -0.9 -22.9 0.0 -3.5 -6.4 -19.7 -35.8 -34.8 -34.4 -16.4 9.3 18.3 -3.3 -4.2 -5.7 3.8 -24.7 -1.0 11.3 3.3 5.6 5.1 -51.9 -7.2 -12.6 -18.3 -8.3 -26.2 6.1 3.8 0.0 -5.3 6.6 -3.3 -2.7 -4.2 -23.5 -13.4 -27.9 -6.3 5.7 11.7 -1.6 -6.9 -9.8 9.0 -27.8 -8.4 19.5 -0.2 10.3 20.0 -59.4 -4.8 -28.6 -36.4 -8.3 -35.9 1.9 10.2 -4.9 -5.7 9.8 7.3 -3.3 -14.3 -33.8 -25.4 -38.1 -13.5 5.9 10.5 2.5 -8.8 -11.7 -2.6 -37.2 -8.4 17.6 -0.8 -3.9 8.4 -64.5 -12.4 -20.2 -36.3 -18.5 -46.7 -9.6 -7.4 -2.8 -17.1 -3.3 -2.6 -6.9 -21.4 -31.5 -34.3 -30.9 -12.6 11.0 17.9 1.0 -2.9 -4.9 2.5 -25.3 -0.1 10.9 3.6 3.8 0.3 -56.3 -5.3 -11.3 -16.6 -5.1 -31.3 5.7 1.7 -3.3 0.0 4.1 -5.1 -3.4 -7.1 -24.2 -10.4 -22.3 -3.5 5.7 9.4 3.2 -4.5 -7.6 16.5 -29.1 -5.2 22.3 2.3 10.7 16.1 -60.5 0.6 -24.6 -31.2 -10.0 -43.8 -0.3 4.2 -8.3 1.2 9.7 6.7 -3.3 -12.2 -26.4 -26.0 -28.1 -7.8 6.2 9.9 5.9 -9.3 -12.7 -4.5 -34.9 -8.4 17.2 -0.7 -2.6 10.8 -65.2 -14.7 -23.1 -35.6 -18.8 -39.3 -12.2 -8.7 -1.5 -21.6 -1.9 -5.8 -6.5 -20.8 -29.5 -33.8 -31.5 -16.5 7.6 17.6 2.0 -2.9 -4.8 4.0 -22.1 -1.3 9.9 4.1 4.7 2.6 -56.5 -5.1 -11.3 -11.3 -6.8 -23.8 3.2 0.2 -4.4 -5.6 7.4 -2.2 -3.7 -6.4 -23.4 -10.9 -22.4 -8.8 5.0 9.2 3.4 -5.7 -8.7 12.6 -23.3 -3.5 18.1 1.4 8.9 21.2 -60.1 0.9 -28.2 -33.3 -9.0 -35.5 -0.2 0.7 -8.9 -3.8 12.9 4.7 -8.2 -14.1 -25.5 -25.5 -32.4 -16.7 -1.3 7.9 4.9 -6.6 -9.3 -6.5 -32.5 -5.4 14.0 2.3 -4.3 11.5 -59.7 -8.3 -20.2 -34.4 -14.4 -38.5 -10.4 -10.7 -2.8 -16.3 1.1 0.4 -6.2 -17.5 -31.3 -35.1 -30.1 -13.3 7.8 15.5 3.3 -1.9 -4.0 1.7 -18.7 1.5 10.5 4.1 0.8 5.5 -48.7 -2.0 -10.9 -10.6 -6.2 -25.4 4.5 -1.7 -8.0 0.6 11.1 -0.6 -1.8 -3.9 -23.6 -13.0 -23.3 -4.0 4.1 9.3 4.8 -2.1 -4.6 10.6 -18.4 -3.0 17.8 2.5 7.4 20.7 -52.1 4.7 -25.2 -29.5 1.4 -30.8 0.5 -3.6 -11.4 1.9 14.4 14.6 -9.2 -10.7 -24.5 -27.9 -27.1 -12.3 -1.5 4.5 8.1 -5.7 -8.6 -7.6 -30.5 -2.6 13.6 3.1 -2.7 12.2 -55.0 -7.8 -21.7 -34.7 -9.6 -38.1 -7.5 -11.5 -5.2 -15.1 0.7 -2.1 -6.7 -20.2 -29.6 -33.4 -29.0 -13.4 4.4 17.0 5.7 -1.6 -4.1 0.0 -14.5 1.9 7.9 5.3 3.4 5.2 -45.2 -1.4 -16.1 -14.2 -1.5 -19.3 8.5 -2.7 -6.1 1.1 8.6 -2.0 -3.2 -5.2 -22.1 -11.0 -19.8 -5.9 3.1 9.5 6.8 -1.0 -3.5 5.0 -18.1 2.6 14.5 1.6 6.9 21.1 -46.3 3.6 -22.6 -33.7 8.9 -28.4 1.7 -5.4 -15.4 3.0 13.2 11.9 -10.4 -14.6 -22.7 -27.6 -28.7 -12.9 -6.7 5.1 11.2 -4.1 -7.1 -5.2 -31.1 -3.4 17.4 5.5 -5.0 10.0 -52.5 -6.7 -22.0 -36.2 -8.6 -33.9 -8.0 -12.1 -2.2 -17.6 -0.3 3.9 -7.9 -15.9 -25.4 -34.1 -23.4 -12.3 9.0 18.8 7.6 -1.4 -3.4 1.1 -18.0 1.5 12.1 5.2 3.1 -4.4 -45.3 0.0 -14.3 -15.6 -1.4 -17.5 7.8 -3.9 -4.9 -2.4 10.9 -0.2 -4.1 -3.7 -18.7 -12.2 -18.2 -4.3 3.6 11.2 5.0 -0.3 -2.5 6.7 -18.2 3.1 17.8 4.6 2.7 18.0 -46.3 7.7 -26.6 -32.5 9.9 -19.0 0.9 -6.3 -10.4 -0.9 13.7 12.7 -11.5 -10.6 -17.8 -26.3 -17.3 -14.8 0.9 4.6 9.6 (*) Minimum, maximum and averages are calculated over the period of availibility which is not necessarily as from 01/1990. 13 TABLE 4 (continued) : Monthly survey of consumers (s.a.) (a) Since 1990 (*) Min. SAVINGS OVER NEXT 12 MONTHS (Question 11) Component of the consumer confidence indicator UNEMPLOYMENT OVER NEXT 12 MONTHS (c) (Question 7) Component of the consumer confidence indicator FINANCIAL SITUATION OF HOUSEHOLDS OVER LAST 12 MONTHS (Question 1) 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 08-93 06-08 12-12 03-02 03-98 01-90 03-03 10-93 03-93 08-13 12-08 03-96 12-12 09-12 06-13 03-96 11-01 01-10 05-12 04-11 02-13 11-00 09-03 05-13 06-10 06-99 08-01 01-96 06-98 10-92 03-09 03-09 02-09 02-10 01-99 02-09 03-09 09-93 04-08 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 02-13 07-08 12-08 10-12 05-12 02-12 12-02 04-93 11-12 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 -15.7 -16.4 -9.3 -80.7 -16.2 -3.2 -5.2 -69.2 -32.0 -81.8 -44.5 -35.8 -63.6 -49.5 -67.1 -90.0 -55.0 33.4 -77.1 -66.1 16.3 -11.3 -65.7 -54.3 -69.8 -52.0 -69.1 19.0 11.1 -26.0 67.0 68.5 76.0 65.5 67.8 51.4 71.9 81.0 58.9 92.9 71.2 74.0 67.5 70.8 79.5 80.1 82.1 75.2 84.0 45.7 81.4 65.4 61.0 85.6 78.0 72.7 76.5 51.8 64.0 75.3 -21.1 -23.4 -16.5 -45.8 -33.1 -5.8 -31.2 -54.1 -45.1 -86.0 -44.7 -23.5 -43.4 -40.2 -53.4 -64.3 -45.6 -11.0 -64.7 -54.4 -29.6 -27.8 -34.5 -41.6 -54.3 -48.1 -43.0 -21.7 -12.9 -32.4 -6.2 -7.5 9.5 -68.5 -3.0 24.2 5.8 -38.4 1.3 -49.5 -23.4 -18.7 -55.3 -21.9 -45.5 -52.8 -41.4 45.1 -57.6 -44.2 34.6 29.0 -43.2 -30.9 -55.6 -24.6 -33.3 44.3 35.5 -1.4 26.8 27.6 29.5 28.6 28.8 6.8 24.6 23.6 18.5 51.0 21.3 32.1 35.5 29.7 46.4 23.0 12.4 35.9 33.6 17.6 21.3 24.1 24.0 40.9 41.8 29.9 21.9 3.6 7.1 26.3 -11.6 -12.5 -6.9 -33.8 -15.8 5.2 -9.0 -14.8 -13.4 -36.6 -14.5 -11.8 -28.9 -18.0 -26.2 -20.4 -14.1 -2.7 -37.8 -33.3 -3.8 -13.2 -16.2 -16.6 -25.0 -29.9 -21.2 1.1 3.7 -9.6 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 04-01 04-01 06-98 05-14 04-07 12-06 08-90 05-06 09-07 01-00 07-00 05-12 02-07 03-91 06-01 01-94 05-07 10-05 01-00 01-03 10-99 03-02 09-01 11-97 09-07 05-07 12-06 04-08 05-14 04-06 05-00 05-00 12-00 07-01 09-07 02-95 05-07 09-06 12-99 04-04 05-00 01-01 04-07 06-01 12-02 09-06 06-07 05-11 07-98 03-08 07-98 03-01 07-07 08-97 01-07 04-08 01-07 03-98 08-00 07-97 03-01 05-90 11-00 04-07 04-07 02-05 05-14 03-07 04-00 04-00 04-00 01-01 08-07 05-90 07-03 09-06 03-07 01-02 08-02 05-14 02-00 08-99 10-08 01-92 12-07 07-06 04-07 04-05 04-07 06-02 3.0 2.4 31.2 -58.0 18.5 39.9 23.4 -4.2 30.6 -23.3 0.0 -2.6 -44.2 2.2 -12.3 13.0 -21.1 58.0 -19.0 -15.3 55.2 54.6 -21.1 -4.9 -44.8 -6.2 -17.3 58.4 56.4 23.2 0.7 -2.2 -17.2 -1.6 -2.2 -20.5 -18.6 -21.6 -29.8 20.5 -8.7 -12.7 5.6 -4.0 25.3 -10.4 -33.1 10.2 -6.2 -12.7 -33.0 -8.1 -20.2 -11.0 10.5 4.6 -19.5 -27.7 -28.0 -13.9 -1.7 -0.8 3.5 -17.9 -2.4 15.8 4.3 18.0 11.2 -6.2 3.8 -2.1 -10.4 -0.9 -3.9 9.4 14.6 7.7 0.3 2.4 16.8 -2.2 4.3 2.9 1.8 -13.5 4.8 9.4 13.0 7.0 -11.1 -10.8 -2.7 -62.6 -5.8 21.5 4.7 -28.3 -9.9 -78.4 -39.1 -10.5 -57.4 -27.1 -67.1 -38.1 -32.7 38.4 -65.8 -39.4 19.8 11.4 -39.3 -51.4 -53.2 -30.3 -31.7 51.9 50.8 -12.6 30.4 33.1 49.4 34.3 30.8 -1.7 10.7 2.6 8.5 67.8 25.4 51.7 32.9 35.4 71.3 6.0 5.5 48.5 28.1 3.4 68.5 26.1 32.4 65.6 46.4 50.9 29.3 20.3 13.3 24.0 -19.2 -19.7 -9.9 -40.2 -23.6 0.6 1.2 -10.2 -41.0 -79.9 -38.3 -21.4 -35.8 -32.2 -51.7 -7.3 -9.4 -6.7 -35.0 -22.2 -29.6 -9.9 -15.9 -41.0 -29.4 -40.6 -23.9 1.1 4.8 -21.0 -7.9 -9.3 -0.3 -65.5 -7.4 22.6 7.5 -28.7 -10.8 -72.6 -38.5 -7.5 -55.0 -28.1 -62.8 -35.5 -31.1 34.4 -66.9 -39.0 20.5 6.4 -37.1 -52.9 -56.4 -29.7 -21.8 51.5 54.1 -2.1 27.2 30.3 44.2 36.7 35.5 -4.4 9.5 2.4 15.6 80.7 23.6 42.1 19.2 30.8 73.5 8.8 11.3 49.0 24.1 2.6 68.8 36.6 30.1 58.6 47.4 41.5 28.4 27.2 9.0 19.0 -17.6 -18.9 -10.8 -40.2 -23.0 -4.0 1.4 -14.7 -41.4 -75.5 -35.6 -21.2 -33.3 -30.7 -52.2 -6.8 -9.8 -6.8 -35.2 -25.0 -26.9 -11.8 -15.6 -39.9 -27.6 -45.4 -18.7 0.2 5.9 -15.4 -6.0 -8.1 -5.4 -63.2 -9.7 25.1 5.9 -25.1 4.0 -81.8 -36.2 -7.6 -52.3 -22.6 -62.0 -42.5 -30.8 40.8 -68.8 -38.2 24.7 20.7 -38.3 -52.6 -56.6 -28.4 -26.9 52.6 52.8 3.7 26.4 30.2 33.2 35.5 31.5 -9.1 15.2 1.8 7.9 82.5 24.9 39.6 34.1 32.8 72.0 9.5 8.0 46.4 28.8 1.1 51.8 33.3 29.1 50.0 50.5 38.4 28.7 28.1 7.0 15.3 -17.6 -18.8 -11.5 -35.2 -23.3 -1.4 1.3 -15.6 -34.0 -79.0 -34.3 -18.8 -32.2 -34.2 -49.9 -9.6 -8.5 -7.0 -33.9 -22.4 -28.2 -10.1 -17.2 -37.3 -29.4 -43.5 -20.8 0.4 6.2 -16.1 -6.9 -10.1 1.1 -60.2 -9.2 29.7 4.1 -29.7 3.7 -81.0 -36.5 -9.9 -55.8 -26.5 -64.1 -37.2 -28.6 49.0 -62.3 -35.7 18.0 14.4 -32.9 -50.3 -53.5 -23.8 -24.7 49.5 49.5 5.3 24.2 28.4 35.2 33.0 28.3 -4.5 17.0 2.2 4.4 74.8 17.1 34.4 38.3 33.4 66.1 10.3 13.1 41.3 21.5 -2.5 53.3 29.1 29.2 44.1 50.7 37.4 30.8 21.8 6.0 10.3 -16.7 -17.7 -8.9 -35.2 -23.0 0.7 1.4 -13.4 -31.5 -78.9 -32.6 -19.1 -33.7 -29.5 -53.4 -9.2 -10.1 -4.7 -31.0 -20.8 -27.6 -11.0 -14.8 -37.6 -27.6 -44.3 -20.6 1.0 5.2 -15.9 -6.7 -9.5 0.4 -61.7 -7.6 26.1 3.7 -26.1 9.6 -74.7 -40.0 -7.6 -54.2 -25.3 -55.6 -41.3 -27.7 38.7 -63.8 -34.1 20.4 16.2 -39.0 -52.7 -58.0 -32.4 -26.5 49.0 50.9 5.6 25.1 29.2 39.6 39.1 38.6 -7.3 18.9 2.3 1.0 69.7 23.9 30.0 43.9 36.3 67.1 11.2 12.4 34.0 18.1 0.8 51.0 28.0 30.4 45.0 49.4 41.6 25.9 28.0 9.1 11.3 -17.2 -18.1 -7.4 -33.9 -20.7 0.5 2.3 -9.6 -28.5 -72.1 -34.3 -21.9 -37.3 -31.6 -47.1 -5.9 -10.6 -5.5 -28.7 -10.5 -26.3 -10.5 -17.6 -35.6 -24.9 -44.7 -21.2 -1.1 4.0 -16.4 -7.3 -10.4 0.1 -61.5 -4.2 23.8 3.5 -25.9 5.2 -71.6 -41.6 -10.6 -58.3 -25.7 -55.6 -38.8 -32.1 42.4 -61.0 -26.2 21.7 13.3 -37.6 -49.5 -55.9 -25.9 -24.8 47.6 56.3 5.1 26.4 31.3 40.0 37.9 28.5 -5.5 13.5 -0.8 -3.8 74.2 23.6 46.1 42.6 39.7 64.8 10.9 12.7 38.6 16.6 -2.0 44.5 30.6 29.7 40.3 46.2 41.4 21.1 24.9 10.0 10.9 -17.0 -17.9 -6.2 -35.2 -18.2 -0.8 1.9 -9.9 -29.9 -74.8 -34.7 -22.1 -36.3 -29.7 -49.5 -6.1 -10.6 -5.8 -24.5 -7.6 -25.2 -7.4 -15.4 -33.4 -23.6 -41.8 -19.9 -1.1 6.6 -17.3 -6.2 -9.5 3.2 -66.0 -3.8 25.3 5.8 -22.3 9.7 -72.2 -39.8 -11.4 -60.7 -26.8 -58.2 -37.9 -24.9 36.8 -62.7 -20.6 24.8 16.8 -30.8 -51.6 -53.1 -31.4 -22.7 48.7 56.0 5.6 26.4 29.0 37.2 37.2 30.2 -5.4 17.8 2.8 -4.7 69.4 16.5 36.8 49.9 37.2 55.5 6.5 11.9 35.7 18.1 -4.3 42.9 36.6 29.6 34.3 47.5 40.4 23.2 23.0 5.1 19.8 -16.4 -17.6 -4.4 -38.8 -21.3 0.8 3.7 -7.8 -27.7 -71.1 -34.3 -22.6 -34.4 -32.7 -48.0 -3.8 -6.7 -5.1 -21.8 -11.1 -24.3 -9.4 -10.5 -33.2 -26.4 -41.6 -15.0 -0.4 7.5 -16.1 -6.1 -9.5 3.8 -61.7 -6.2 28.1 3.3 -27.0 10.7 -74.2 -38.7 -8.3 -57.1 -24.6 -57.3 -38.7 -26.8 39.2 -57.8 -27.1 22.7 11.1 -37.6 -51.8 -58.3 -33.9 -22.8 49.0 50.9 7.8 21.5 24.6 33.4 32.9 22.3 -9.0 12.6 3.1 -6.7 67.0 6.4 36.4 40.1 34.1 54.4 5.0 8.6 38.6 11.6 -0.1 34.7 31.9 28.7 23.4 42.7 39.2 16.4 16.8 -1.2 13.0 -15.5 -17.4 -6.1 -39.3 -20.1 0.6 3.0 -9.2 -23.2 -73.7 -33.2 -23.3 -33.3 -28.8 -47.8 -6.2 -9.0 -6.9 -19.1 -9.2 -21.4 -12.3 -13.7 -35.7 -23.0 -42.6 -14.3 -1.0 5.2 -11.3 -7.4 -11.0 0.7 -58.5 -5.2 33.9 2.0 -22.3 15.7 -77.0 -39.7 -12.6 -55.6 -25.3 -60.9 -44.6 -28.3 43.5 -59.6 -26.7 24.0 11.0 -34.3 -52.0 -57.0 -32.2 -22.9 51.5 51.4 5.8 21.5 26.3 35.1 35.7 23.7 -6.8 10.2 1.6 -3.6 67.3 14.9 40.1 42.4 34.1 36.9 7.3 7.5 36.3 17.4 1.1 49.8 25.2 28.6 17.0 41.7 39.0 17.7 24.9 -2.0 6.2 -15.4 -17.0 -5.6 -36.1 -20.2 0.2 3.3 -8.0 -18.1 -71.9 -33.7 -21.6 -30.0 -31.7 -47.1 -6.8 -8.3 -5.3 -19.7 -2.2 -15.9 -12.0 -13.9 -35.4 -23.4 -37.8 -17.3 -0.1 4.4 -12.6 -5.0 -8.2 -1.3 -59.3 -2.8 20.2 7.4 -21.6 13.4 -76.4 -32.3 -8.4 -56.9 -27.7 -56.4 -39.4 -28.3 43.1 -55.7 -22.3 23.5 12.3 -31.6 -50.9 -58.2 -32.9 -22.2 49.4 47.9 9.0 17.6 20.4 37.2 33.7 17.3 -7.2 4.7 3.9 -6.5 61.7 3.7 36.1 40.6 25.0 41.5 7.4 9.1 34.9 12.1 -1.1 36.0 26.2 23.7 26.1 41.3 37.0 14.5 20.6 -0.3 8.8 -14.0 -15.7 -5.0 -31.6 -14.0 -1.7 3.6 -5.8 -16.8 -66.7 -30.6 -20.9 -30.0 -29.8 -46.7 -5.6 -6.7 -4.7 -12.3 2.4 -16.8 -8.4 -9.2 -31.8 -24.5 -36.8 -12.0 0.6 4.7 -10.9 -5.0 -8.6 -1.8 -58.9 0.6 24.6 8.3 -20.0 13.0 -75.9 -36.1 -11.7 -51.4 -24.3 -61.0 -35.3 -22.4 37.3 -56.7 -19.6 20.6 14.0 -37.9 -49.7 -55.0 -32.1 -22.8 47.3 51.6 10.2 15.4 18.4 33.4 30.5 15.5 -7.3 2.7 1.2 -9.2 52.8 -2.8 36.3 39.5 21.4 43.6 4.9 15.6 36.5 8.0 -0.8 39.1 27.3 23.1 23.7 39.9 35.4 12.1 26.2 -1.6 5.2 -13.4 -15.4 -6.9 -26.4 -15.0 1.4 4.0 -5.3 -17.7 -65.9 -31.2 -22.1 -31.8 -25.5 -48.6 -1.2 -5.1 -5.9 -13.6 1.4 -18.3 -9.7 -9.7 -31.8 -23.1 -37.7 -10.1 -2.2 5.1 -9.2 -3.0 -7.4 -1.4 -58.0 -1.7 29.0 11.3 -20.1 14.6 -76.7 -35.5 -12.2 -55.2 -24.4 -60.7 -36.4 -28.4 40.5 -55.5 -24.1 25.9 15.9 -31.8 -49.6 -56.3 -31.8 -19.4 48.0 56.4 14.5 11.7 15.1 27.1 30.3 16.5 -10.6 -0.9 5.7 -11.7 41.8 -1.0 34.9 41.3 18.4 38.4 4.2 9.8 34.1 11.5 1.7 22.9 32.1 17.4 15.6 41.7 26.5 10.7 16.5 -3.0 -1.3 -13.2 -15.1 -6.4 -26.1 -12.0 1.0 4.3 -3.0 -21.1 -63.3 -29.6 -21.2 -34.4 -26.6 -46.5 -6.6 -6.3 -5.1 -11.4 2.4 -16.3 -9.9 -7.2 -33.0 -24.0 -38.8 -9.3 -2.4 5.8 -10.0 14 TABLE 4 (continued) : Monthly survey of consumers (s.a.) (a) Since 1990 (*) Min. GENERAL ECONOMIC SITUATION OVER LAST 12 MONTHS (Question 3) SAVINGS AT PRESENT (d) (Question 10) MAJOR PURCHASES OVER NEXT 12 MONTHS (Question 9) 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 05-09 03-09 02-09 03-10 08-12 03-09 06-09 10-92 07-09 01-12 08-12 08-09 03-11 04-93 05-13 06-09 01-10 04-09 04-09 04-10 03-03 04-09 09-01 10-12 06-10 10-09 10-99 01-92 04-09 05-09 : : 12-12 07-03 06-11 01-90 02-14 09-96 04-13 03-14 06-08 10-08 07-05 06-04 07-13 12-95 10-05 12-13 11-95 04-11 01-14 01-14 09-01 06-08 06-02 01-14 10-04 04-94 09-01 03-09 01-09 08-13 10-96 04-03 01-01 01-93 02-03 10-92 07-09 01-13 08-12 05-08 03-11 08-13 04-13 03-96 11-09 02-14 06-95 02-07 03-03 01-09 09-01 05-13 09-10 10-12 10-99 11-08 10-08 02-09 -66.6 -65.7 -75.7 -59.5 -60.0 -53.9 -67.3 -72.1 -91.8 -98.6 -82.0 -74.2 -74.0 -73.9 -90.5 -92.1 -72.8 -54.6 -79.4 -59.2 -73.0 -66.0 -54.9 -83.1 -76.1 -77.3 -69.0 -65.1 -68.3 -82.3 : : -52.0 -76.5 -37.4 50.7 15.0 -58.3 -11.9 -70.1 -48.4 -4.7 -47.0 26.0 -50.5 -78.0 -49.2 32.2 -82.9 -65.2 39.2 6.6 -48.7 -71.7 -62.1 -29.4 -55.0 -22.8 -9.4 -22.3 -27.2 -27.6 -28.7 -46.8 -36.2 -14.2 -38.9 -64.3 -56.7 -81.2 -53.8 -8.0 -50.2 -58.0 -79.8 -84.0 -38.1 -32.7 -68.6 -22.3 -24.5 -27.6 -25.7 -48.2 -50.6 -32.7 -40.9 -17.7 -17.0 -39.7 -30.2 -31.1 -27.0 -38.8 -24.5 -2.1 -20.6 -12.0 -16.9 -43.4 -28.4 -40.8 -49.4 -43.6 -41.7 -26.5 -17.7 -27.7 -37.5 -29.7 -19.2 -21.2 -23.8 -38.2 -31.4 -38.8 -33.5 -6.9 -6.4 -32.0 : : 17.5 -64.2 -17.1 66.8 42.5 -28.9 20.0 -48.7 7.8 32.9 -36.7 53.1 -15.6 -56.9 -31.9 52.7 -65.1 -46.1 60.8 39.6 -24.4 -45.0 -48.8 -8.4 -40.4 8.3 10.2 8.4 -17.6 -18.3 -16.1 -31.6 -20.7 -5.8 -25.0 -25.4 -15.6 -33.3 -28.6 -2.0 -37.3 -21.1 -15.4 -28.5 -8.2 -16.4 -39.6 -8.4 -13.9 -17.0 -5.2 -19.4 -30.5 -10.2 -28.0 -8.6 -5.8 -16.8 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 05-00 05-00 12-00 08-01 06-06 03-06 05-11 01-07 08-99 05-00 03-00 01-01 07-07 05-90 01-02 09-06 06-07 01-02 09-02 05-14 03-00 08-07 04-08 10-91 07-07 12-06 04-07 08-98 01-11 10-97 : : 02-01 05-14 03-01 07-08 09-02 02-07 12-01 07-08 08-96 06-95 09-07 09-09 06-01 04-14 10-10 08-07 12-00 01-03 11-08 11-07 02-13 01-92 06-01 12-06 02-09 11-07 08-07 08-07 03-00 03-00 10-03 08-08 05-07 03-06 01-90 09-06 12-00 06-03 11-00 09-99 06-07 12-06 03-03 06-06 03-08 01-02 08-02 11-13 11-98 11-00 09-08 06-90 08-04 08-07 01-08 12-06 09-96 03-00 -5.1 -2.9 22.4 -8.8 3.8 26.3 29.3 33.0 41.7 5.8 12.8 -1.3 -14.3 -8.2 -12.5 5.9 21.5 -3.5 6.3 9.7 44.6 22.3 15.3 13.2 -3.1 -5.2 17.4 30.0 30.1 4.6 : : 69.6 -50.8 14.7 82.8 61.1 -2.0 56.0 -13.9 58.5 61.1 -27.5 84.8 9.9 -38.9 -12.3 69.3 -27.5 -23.6 71.2 65.4 -6.7 -13.3 -23.7 18.6 -26.4 36.6 26.1 41.1 -9.4 -11.7 -5.9 -5.9 -0.3 3.9 -13.6 -0.3 1.6 4.8 -7.1 1.2 -23.6 -8.0 40.0 22.9 16.6 -6.4 -7.5 3.9 -3.7 -3.9 1.1 14.1 -15.6 4.3 -13.9 -3.1 7.2 0.6 -43.2 -45.6 -40.6 -56.2 -45.7 -5.3 -7.7 -9.3 -47.1 -81.4 -69.4 -65.1 -62.3 -67.4 -86.9 -4.2 -9.4 -40.5 -31.8 -17.9 -61.5 -25.3 -31.3 -73.6 -44.1 -69.0 -43.8 -23.7 -13.1 -44.0 : : -43.3 -59.4 -29.0 63.1 22.5 -21.7 -8.8 -50.6 -36.0 23.9 -32.2 67.4 -38.5 -46.2 -22.4 38.1 -65.6 -42.6 41.8 8.1 -14.0 -65.7 -50.8 -15.3 -37.1 2.0 12.9 -21.0 -24.7 -26.0 -17.3 -34.8 -22.3 -4.5 -20.6 -38.3 -33.9 -72.2 -43.4 -4.7 -39.1 -50.0 -77.6 -18.7 -8.0 -11.4 -39.0 -3.4 -16.8 -19.5 -4.7 -45.0 -38.8 -21.1 -34.4 -12.4 -7.7 -25.6 -40.7 -44.7 -40.4 -56.0 -52.3 -1.7 -9.2 -14.5 -54.4 -84.2 -65.0 -59.0 -59.2 -65.3 -85.7 -8.8 -10.7 -47.3 -29.6 -13.6 -64.7 -32.8 -31.5 -72.0 -38.9 -74.2 -40.8 -26.7 -9.7 -34.5 : : -45.1 -61.4 -32.7 62.0 24.6 -21.9 -7.1 -49.7 -31.3 21.4 -35.5 68.1 -50.5 -40.8 -19.3 34.8 -64.9 -40.8 50.5 9.7 -16.9 -68.0 -51.2 -20.9 -31.1 1.4 14.4 -16.6 -23.9 -25.7 -21.3 -34.6 -20.6 -6.2 -19.9 -36.2 -38.9 -73.8 -42.2 -2.9 -39.3 -50.6 -73.3 -19.9 -7.0 -18.6 -38.7 -4.6 -18.1 -18.1 -3.9 -46.6 -41.9 -20.4 -30.9 -14.1 -4.4 -22.6 -36.5 -39.9 -30.6 -52.7 -47.9 2.5 -7.7 -12.9 -42.0 -87.4 -55.2 -52.3 -55.0 -59.5 -84.1 -9.6 -8.3 -40.8 -31.6 -11.5 -56.4 -31.2 -30.8 -70.2 -41.7 -69.2 -42.1 -27.1 -10.1 -30.7 : : -41.8 -57.3 -33.6 65.7 25.9 -21.2 6.8 -62.0 -34.1 18.7 -28.5 61.8 -43.2 -49.8 -20.7 39.0 -66.9 -40.2 48.1 18.0 -17.7 -66.0 -46.9 -16.4 -34.2 2.6 14.2 -16.4 -25.2 -27.6 -20.4 -36.8 -20.9 -4.3 -20.7 -39.6 -35.5 -76.6 -40.7 -5.1 -37.8 -58.0 -69.5 -24.0 -8.4 -24.4 -39.3 2.7 -18.5 -21.7 -5.9 -43.1 -39.1 -25.2 -32.6 -11.0 -1.6 -23.0 -32.9 -36.2 -17.4 -53.4 -39.5 3.3 -6.1 -10.2 -32.3 -84.9 -47.4 -48.2 -57.9 -54.8 -86.1 -11.4 -10.1 -37.7 -24.7 -8.4 -55.8 -25.2 -28.2 -67.1 -39.2 -70.6 -41.0 -27.0 -5.7 -26.9 : : -37.8 -56.3 -29.7 70.6 21.2 -17.6 8.8 -46.7 -31.6 22.3 -32.5 68.8 -38.0 -46.2 -21.1 46.8 -62.9 -40.3 44.0 12.3 -14.6 -66.1 -46.6 -8.9 -31.0 4.9 9.5 -16.6 -23.3 -24.8 -19.1 -32.6 -20.2 -8.2 -20.3 -36.6 -32.6 -78.0 -36.2 -3.8 -40.2 -49.1 -73.0 -21.7 -7.1 -14.4 -35.8 -1.5 -14.9 -17.7 -1.9 -44.4 -34.4 -23.3 -31.4 -13.7 -4.4 -23.7 -32.5 -35.9 -12.6 -50.7 -39.5 8.3 -2.8 -4.6 -23.2 -78.1 -50.5 -47.0 -64.0 -63.8 -82.1 -10.4 -8.7 -33.3 -24.7 -6.5 -51.9 -19.1 -28.0 -63.7 -39.0 -69.8 -36.2 -27.6 -3.6 -26.2 : : -32.7 -61.7 -31.0 68.0 23.8 -18.4 8.8 -44.5 -36.7 22.3 -35.6 66.9 -41.2 -49.8 -20.9 49.5 -62.2 -41.1 46.3 11.3 -14.9 -65.3 -51.8 -14.7 -33.9 4.9 12.8 -10.6 -23.2 -25.2 -16.7 -34.5 -21.9 -3.6 -18.9 -31.2 -27.7 -70.8 -41.5 -3.5 -39.8 -53.6 -63.3 -22.1 -6.6 -15.1 -36.2 3.0 -15.4 -17.7 -7.4 -39.4 -37.8 -19.7 -34.5 -14.0 -3.6 -21.1 -32.9 -36.3 -9.5 -48.7 -35.6 8.7 -1.8 1.5 -22.8 -77.8 -46.3 -57.6 -60.6 -61.2 -77.7 -11.3 -8.9 -32.0 -18.4 0.7 -40.9 -20.7 -26.8 -61.5 -39.9 -72.7 -33.9 -24.1 -0.6 -27.6 : : -36.2 -54.8 -30.2 66.1 21.4 -17.8 5.6 -51.6 -34.5 10.3 -40.6 65.9 -34.4 -48.1 -20.4 39.4 -60.5 -34.0 42.3 9.3 -15.2 -64.0 -48.0 -19.2 -30.4 2.3 12.3 -11.7 -23.6 -25.1 -13.9 -33.6 -19.1 -5.2 -19.5 -37.5 -30.4 -70.1 -41.0 -3.8 -39.1 -52.9 -65.6 -20.7 -9.2 -14.1 -29.2 3.9 -16.7 -14.8 -2.5 -39.6 -43.7 -19.6 -30.7 -13.3 -2.0 -24.0 -30.2 -34.0 -5.8 -52.8 -39.8 10.5 -1.2 -4.2 -9.2 -75.5 -43.1 -52.1 -61.2 -63.1 -73.1 -8.1 -3.4 -26.0 -16.2 -2.4 -32.9 -24.7 -22.9 -56.8 -36.9 -69.7 -31.7 -20.2 0.0 -23.1 : : -32.9 -60.7 -33.2 67.3 18.5 -20.0 9.4 -52.5 -37.4 11.0 -40.5 64.4 -32.5 -45.3 -14.7 32.2 -58.6 -33.9 44.4 12.3 -14.3 -64.5 -45.6 -20.9 -31.5 1.4 12.8 -11.6 -23.8 -25.0 -12.1 -37.9 -17.4 -3.1 -20.2 -33.4 -25.5 -69.4 -41.7 -3.5 -42.7 -51.9 -64.9 -21.9 -5.3 -12.5 -28.4 2.5 -14.9 -19.7 -5.5 -38.4 -36.1 -17.6 -32.0 -14.0 -2.4 -25.9 -27.7 -32.3 1.3 -52.9 -32.7 12.0 2.0 -1.4 -7.5 -81.1 -40.9 -50.8 -58.5 -64.2 -77.6 -8.3 -2.3 -27.0 -11.9 0.9 -29.8 -23.4 -21.3 -52.6 -40.0 -64.3 -25.2 -16.3 3.3 -17.6 : : -31.7 -60.2 -29.6 66.9 16.3 -17.0 11.2 -58.0 -36.5 16.1 -38.7 65.8 -34.9 -46.8 -24.4 33.3 -57.9 -31.1 39.2 6.6 -14.6 -61.1 -51.2 -29.4 -31.6 5.3 8.6 -11.0 -22.7 -24.4 -13.4 -31.7 -20.3 -2.9 -17.6 -35.2 -24.1 -76.8 -37.1 -4.9 -38.7 -51.8 -67.0 -20.0 -5.4 -21.0 -24.6 -0.9 -14.8 -20.3 -10.5 -38.1 -37.4 -19.3 -27.9 -11.7 -4.2 -21.3 -26.7 -31.3 -0.3 -48.1 -32.3 9.7 3.0 -0.8 -2.0 -77.8 -41.7 -53.5 -57.6 -57.6 -70.2 -8.2 -3.6 -26.2 -17.6 6.3 -23.3 -24.5 -23.5 -49.5 -36.9 -62.0 -27.8 -25.2 0.0 -14.5 : : -32.6 -56.6 -32.8 65.8 15.0 -14.1 15.3 -57.0 -36.2 13.8 -36.3 56.3 -38.3 -45.8 -25.3 39.7 -59.6 -35.5 39.3 7.8 -15.9 -63.3 -48.2 -22.5 -33.4 5.7 8.6 -10.2 -21.6 -22.6 -10.0 -29.3 -21.1 -7.5 -16.4 -38.7 -23.5 -69.4 -35.4 -3.5 -39.0 -48.5 -59.8 -21.5 -5.6 -32.7 -27.2 -0.6 -11.9 -18.6 -6.2 -39.5 -38.9 -18.9 -33.4 -12.5 -5.3 -22.0 -22.3 -26.2 1.0 -40.2 -23.1 9.4 6.9 -3.5 3.2 -71.7 -32.2 -47.5 -56.6 -54.8 -66.5 -6.4 -3.9 -23.3 -10.1 6.5 -16.2 -23.3 -16.3 -42.7 -40.9 -60.9 -20.5 -24.3 -2.4 -12.0 : : -34.3 -53.1 -28.6 60.6 19.3 -16.8 12.0 -70.1 -34.4 14.2 -36.2 60.9 -34.2 -42.8 -24.3 39.1 -54.5 -34.5 46.6 8.3 -16.4 -59.6 -50.7 -23.3 -31.5 5.8 10.9 -10.4 -21.9 -23.7 -15.0 -28.1 -14.5 -4.8 -18.3 -29.5 -19.5 -64.7 -35.2 -4.5 -41.0 -51.3 -64.5 -18.5 -7.7 -22.8 -19.2 1.3 -12.0 -17.5 -5.8 -36.3 -35.5 -16.2 -28.3 -13.5 -4.4 -21.0 -21.6 -26.0 -6.0 -35.2 -16.5 5.8 6.8 -2.0 2.6 -71.6 -33.9 -49.2 -62.3 -47.7 -65.6 -4.0 -2.8 -22.5 -6.8 8.8 -14.8 -22.7 -17.9 -43.3 -36.4 -59.9 -21.0 -33.9 -2.5 -9.0 : : -32.8 -55.5 -24.1 60.7 20.4 -13.0 14.0 -59.5 -33.0 9.3 -34.3 59.6 -33.7 -38.9 -20.8 38.3 -57.1 -30.4 46.6 9.8 -16.2 -62.4 -46.9 -20.3 -29.8 4.0 11.7 -5.6 -22.6 -24.3 -14.7 -30.5 -13.5 -7.2 -19.5 -32.5 -19.8 -66.6 -32.2 -4.4 -42.8 -53.0 -57.6 -15.8 -5.9 -7.0 -20.3 -0.8 -14.9 -20.9 -2.8 -39.1 -37.9 -11.0 -28.4 -15.3 -6.1 -22.4 -18.4 -22.6 -4.6 -36.7 -12.9 8.7 8.3 0.1 1.4 -67.7 -28.1 -47.3 -63.5 -40.9 -59.5 -7.6 -2.7 -22.4 -8.7 9.7 -9.5 -30.3 -10.9 -40.4 -36.9 -53.9 -19.0 -23.1 -1.9 -6.5 : : -32.8 -50.8 -23.7 61.9 20.8 -15.3 4.6 -61.5 -32.1 11.3 -35.1 62.0 -36.6 -43.0 -23.3 34.8 -52.3 -32.3 46.1 9.8 -10.7 -62.2 -46.8 -13.5 -28.3 7.3 13.2 -8.7 -20.1 -21.8 -15.1 -33.7 -19.6 -6.1 -16.6 -30.2 -19.4 -69.6 -37.8 -4.2 -43.6 -40.5 -55.8 -18.1 -6.7 -18.6 -20.4 0.3 -15.5 -17.0 -2.7 -39.3 -38.2 -13.9 -24.1 -14.8 -4.3 -18.3 15 TABLE 4 (continued) : Monthly survey of consumers (s.a.) (a) Since 1990 (*) Min. Date Ave. 2014 Nov Dec Jan Feb Mar Apr May 10-08 -35.8 -13.0 01-00 5.7 -22.0 -19.8 -16.8 -16.6 -14.9 -14.9 EU 10-08 -36.9 -16.7 03-99 4.6 -24.0 -20.7 -18.5 -17.9 -16.4 -16.2 EA 06-97 -40.4 -1.8 09-07 26.1 -17.1 -16.1 -14.7 -17.9 -8.7 -8.1 BE 06-02 -65.3 -39.4 10-06 -17.1 -38.6 -36.4 -33.4 -32.4 -37.3 -37.9 BG 05-95 -32.7 -0.3 07-03 33.8 -18.3 -15.8 -19.4 -17.0 -14.2 -13.2 CZ 11-08 -32.8 -7.9 09-97 9.5 -7.6 -7.8 -9.2 -10.9 -10.6 -11.7 DK 11-02 -30.8 -5.7 11-06 32.2 11.8 12.8 13.6 13.9 16.6 14.8 DE 11-11 -20.6 12.6 05-06 49.2 -2.5 -1.0 -5.5 -6.6 -8.6 -2.2 EE 04-13 -32.9 5.8 09-97 39.7 -21.0 -25.2 -18.0 -17.1 -9.4 -9.7 IE 07-12 -75.0 -41.2 01-01 -9.8 -57.8 -57.6 -66.7 -55.1 -51.2 -54.2 EL 06-93 -63.8 -23.8 11-99 25.7 -44.2 -37.8 -35.2 -37.2 -36.1 -33.8 ES 08-08 -40.6 -17.4 07-00 14.4 -34.1 -28.6 -28.9 -31.1 -28.8 -29.4 FR 05-12 -50.8 -33.2 12-06 -11.4 -39.3 -39.8 -32.5 -37.2 -39.4 -37.7 HR 11-96 -64.2 -37.2 05-90 -2.4 -60.6 -53.6 -43.5 -40.2 -43.8 -39.7 IT 04-13 -70.4 -21.6 11-04 24.0 -56.9 -61.8 -58.3 -59.9 -53.8 -57.8 CY 06-96 -81.0 -30.1 12-06 21.4 -17.5 -13.7 -16.7 -3.3 -8.5 -7.9 LV 03-09 -11.9 17.6 02-06 50.0 9.0 8.6 9.8 8.2 13.3 8.9 LT 10-08 -34.5 -8.9 04-14 10.4 -6.6 -12.6 -12.8 -4.8 -10.8 -0.6 LU 06-96 -86.8 -52.4 03-06 -6.9 -54.3 -54.5 -51.2 -51.1 -50.1 -49.4 HU 04-09 -22.4 5.6 09-03 35.8 5.6 14.0 8.9 4.8 14.9 19.1 MT 04-03 -39.2 -0.1 02-00 53.8 -25.5 -24.6 -26.3 -20.1 -14.8 -20.2 NL 07-08 -17.8 7.9 08-99 29.4 13.2 4.8 11.5 13.3 8.7 15.1 AT 11-01 -27.0 -3.7 05-07 13.9 -9.3 -7.0 -7.4 -5.7 -6.6 -1.6 PL 12-08 -89.5 -48.2 01-92 -1.5 -76.6 -74.3 -76.2 -76.1 -71.9 -72.9 PT 08-10 -62.8 -37.0 06-01 4.6 -51.4 -52.5 -51.4 -50.7 -53.1 -49.4 RO 08-12 -59.6 -25.2 08-06 17.7 -46.1 -42.9 -40.4 -41.3 -45.5 -40.6 SI 02-04 -24.8 -8.0 06-08 11.3 -16.1 -10.6 -10.2 -9.8 -9.6 -9.3 SK 04-90 -27.3 16.6 12-09 48.7 0.7 2.6 3.4 1.5 3.4 2.7 FI 10-08 -37.9 13.9 08-05 36.2 4.6 5.4 9.3 11.1 13.3 12.6 SE 10-08 -40.6 -0.3 11-02 28.3 -18.5 -19.6 -13.1 -14.3 -10.8 -12.4 UK 08-09 -11.4 21.5 09-90 49.1 17.6 16.9 18.4 16.8 18.7 17.2 PRICE TRENDS EU 08-09 -16.2 20.6 01-91 51.0 16.3 15.5 17.2 15.1 16.8 14.2 OVER NEXT EA 08-09 -13.6 19.3 10-01 45.6 23.6 23.8 18.0 17.3 11.4 11.5 12 MONTHS BE 07-01 -3.2 34.5 12-06 54.4 28.7 26.0 25.6 18.7 24.5 23.1 (Question 6) BG 11-09 -8.7 37.7 03-98 72.0 27.6 24.5 23.5 22.1 12.4 18.6 CZ 07-09 -40.9 -5.3 06-08 31.5 8.2 12.9 12.2 15.6 8.3 12.6 DK 08-09 -18.1 28.6 03-91 57.9 20.6 23.5 28.2 26.8 26.5 24.6 DE 04-09 -28.8 39.7 05-04 87.8 24.5 20.6 17.7 15.5 11.8 15.3 EE 05-09 -43.5 17.1 10-00 42.2 6.1 12.4 12.5 7.1 8.2 10.7 IE 12-13 -8.9 33.1 05-90 60.1 -4.1 -2.8 -1.0 -3.9 -1.1 -2.0 EL 05-09 -29.9 12.1 08-12 40.0 1.1 -4.7 -5.3 -2.0 2.3 0.2 ES 08-97 -13.4 14.4 01-91 53.6 29.4 29.5 26.0 23.6 25.4 26.2 FR 07-13 7.6 29.2 06-08 53.6 26.2 7.6 13.1 19.5 23.1 20.4 HR 07-09 -29.1 13.7 02-91 61.8 0.7 -5.7 0.8 -3.7 8.7 -4.2 IT 04-13 -41.4 24.0 10-02 68.2 -26.0 -27.4 -35.0 -35.2 -22.5 -33.7 CY 05-09 -40.8 30.8 03-04 69.7 36.0 41.3 43.0 37.5 37.6 37.8 LV 06-09 1.4 46.4 05-04 74.2 49.5 53.0 48.3 46.8 48.9 48.9 LT 07-09 -21.2 14.8 08-07 44.1 14.1 9.8 10.6 10.2 11.5 18.3 LU 01-14 26.8 51.1 01-07 75.5 46.3 40.7 44.9 39.0 34.2 32.3 HU 05-14 -5.5 33.0 03-11 66.1 14.2 11.5 10.0 4.6 0.1 1.9 MT 12-02 -27.6 23.2 01-91 60.0 7.1 11.9 7.6 4.6 -7.6 -2.9 NL 12-95 -18.6 21.7 03-11 50.4 27.6 25.4 40.4 33.9 33.1 26.1 AT 04-05 7.5 31.1 04-04 54.7 23.4 26.8 20.9 20.7 23.9 21.3 PL 08-97 -8.5 30.1 09-11 73.1 25.0 25.3 25.0 21.0 13.0 11.8 PT 08-09 28.4 47.9 02-08 63.4 41.7 43.3 39.5 37.2 33.4 36.9 RO 10-09 -11.0 34.3 04-00 62.2 40.5 41.3 32.9 28.9 28.6 22.8 SI 11-09 -3.7 41.4 11-02 77.6 39.5 33.2 31.1 26.1 21.6 20.3 SK 12-95 -21.4 18.8 01-08 49.9 30.5 30.1 25.4 27.5 21.5 22.5 FI 03-05 -14.4 16.3 10-07 47.1 4.4 5.2 6.3 14.8 10.2 6.2 SE 07-09 -5.1 23.6 09-90 57.1 21.5 18.5 23.2 21.5 24.1 26.5 UK 03-99 -3.6 25.6 07-08 67.9 26.5 28.3 32.7 30.4 29.5 28.2 PRICE TRENDS EU 10-09 -8.4 29.7 07-08 73.6 26.7 28.9 33.2 31.4 29.8 27.7 OVER LAST EA 06-98 -1.3 40.9 05-08 83.6 46.6 49.9 44.6 45.2 39.4 41.5 12 MONTHS BE 06-01 5.6 50.3 05-08 85.9 54.4 53.9 47.2 43.8 44.5 39.1 (Question 5) BG 10-09 -36.5 11.5 03-98 63.2 7.1 7.4 9.0 8.3 6.6 4.0 CZ 09-93 -50.8 -15.9 07-08 55.5 4.6 2.7 4.3 3.8 2.0 -0.3 DK 10-09 -24.9 31.2 07-08 77.8 25.1 27.4 39.1 37.4 35.0 34.5 DE 11-09 -35.0 40.5 04-08 88.3 64.4 63.8 62.8 63.0 56.3 51.9 EE 02-10 -62.4 21.4 12-02 66.0 13.2 11.2 10.9 9.0 7.8 9.5 IE 06-99 5.0 44.5 01-08 84.8 20.8 17.0 19.1 13.0 8.4 16.4 EL 01-10 -37.5 28.9 07-08 65.6 29.4 27.0 28.2 23.1 27.1 20.7 ES 01-99 -22.6 24.6 06-08 82.5 34.7 37.8 39.1 42.2 38.4 39.4 FR 12-06 29.0 55.6 07-08 85.3 62.2 58.0 63.6 63.2 64.7 60.5 HR 09-09 -7.0 33.2 08-08 70.3 19.3 24.7 26.9 21.7 23.4 15.6 IT 03-14 -28.5 32.6 06-08 68.5 -11.5 -12.3 -21.4 -21.6 -22.2 -28.1 CY 02-10 -36.5 28.9 06-08 81.0 18.2 17.2 17.3 19.8 24.0 26.0 LV 10-03 -17.4 34.5 06-08 71.2 46.2 49.4 48.1 46.8 43.3 46.2 LT 11-09 -9.6 34.1 08-08 69.6 23.7 25.4 26.1 24.5 29.2 22.7 LU 04-06 5.7 41.0 06-95 71.2 44.6 37.4 42.9 37.6 30.3 29.2 HU 05-14 1.3 47.4 01-11 69.3 34.7 40.1 35.9 30.0 21.5 23.1 MT 09-09 -20.9 24.2 12-02 89.2 18.5 20.4 22.3 16.4 12.9 11.2 NL 02-96 -48.2 21.3 06-08 79.8 30.0 29.9 41.7 39.6 35.7 31.8 AT 05-03 -4.0 28.4 04-11 55.1 26.3 27.1 26.3 25.2 26.1 25.1 PL 01-10 -18.6 36.6 05-08 72.0 26.5 24.1 23.7 24.0 21.8 18.0 PT 04-07 30.5 56.5 06-11 79.3 54.5 52.9 51.3 45.8 42.5 40.3 RO 10-09 8.5 40.2 02-08 87.8 35.1 37.7 38.6 35.7 40.2 39.6 SI 02-10 -18.1 28.7 10-99 69.9 20.8 22.5 22.1 24.3 20.5 16.1 SK 11-95 -58.5 -6.9 07-08 33.0 9.9 8.4 5.6 3.8 4.9 4.4 FI 03-05 -40.1 -22.0 07-08 21.9 -30.8 -29.8 -29.2 -26.5 -27.7 -29.7 SE 11-01 -15.1 16.6 08-08 59.6 33.4 34.7 41.6 36.9 38.4 40.9 UK (a) The sum of the replies for each Member State are weighted in the Community total with the value of consumers’ expenditure. (b) The indicator is the arithmetic average of the balances (%) of four questions: the financial situation of households, the general economic situation, unemployment expectations (with inverted sign) and savings, all 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. -14.9 -14.9 -1.0 -39.2 -17.9 -8.5 20.0 -3.0 -6.7 -59.1 -34.3 -28.2 -39.8 -43.3 -50.4 -15.5 11.7 -2.3 -47.9 12.6 -19.3 11.5 -5.2 -73.6 -44.9 -48.2 -8.7 8.6 13.7 -17.4 18.1 15.1 16.6 26.2 26.5 15.3 25.5 16.1 5.1 -8.9 -0.4 28.7 21.1 -7.1 -30.1 31.7 42.3 13.6 32.5 -5.0 6.5 30.8 21.7 15.6 43.5 22.3 20.4 23.2 10.6 25.7 29.0 28.1 44.6 45.1 6.0 0.5 34.7 52.0 7.3 11.8 20.0 39.2 57.8 17.5 -19.3 22.6 41.7 25.1 27.6 16.2 13.7 33.2 26.4 19.4 46.5 36.9 16.2 3.3 -30.3 42.6 -14.7 -16.7 -3.6 -33.1 -17.3 -10.4 16.2 5.4 -9.9 -63.5 -39.8 -28.4 -38.5 -41.7 -54.8 -17.7 21.3 -7.2 -45.0 15.5 -16.7 8.1 -0.2 -69.7 -44.9 -47.2 -6.4 6.9 12.0 -10.3 16.7 15.1 11.1 20.1 24.8 16.9 24.0 13.3 6.7 -6.5 1.9 29.2 16.2 -8.5 -13.6 21.4 45.0 24.0 26.8 5.1 10.1 33.6 23.2 15.0 40.9 12.9 14.1 27.7 11.7 18.6 26.3 26.5 41.6 43.1 5.1 -4.9 32.1 54.3 2.4 17.9 24.5 35.3 55.0 14.6 -14.6 18.2 39.0 26.5 23.0 17.3 15.8 34.2 25.4 18.2 46.2 26.5 11.3 5.6 -30.3 35.2 -14.0 -15.0 -0.9 -30.5 -17.7 -9.5 17.9 1.4 -1.8 -58.2 -40.0 -29.1 -38.5 -37.7 -52.7 -12.4 22.1 2.0 -46.5 17.2 -12.5 11.9 -11.4 -69.1 -45.6 -43.5 -7.8 5.3 11.2 -11.0 15.9 13.6 9.6 23.1 22.8 14.2 22.0 24.4 7.0 1.5 5.2 23.2 13.3 -9.0 -17.7 27.6 48.9 24.2 31.2 0.4 8.3 32.5 21.2 17.5 36.3 10.8 21.0 26.8 5.2 21.7 23.3 23.5 34.1 41.2 10.0 -1.1 31.8 52.5 -0.5 22.7 22.1 31.0 49.0 9.7 -19.8 20.4 37.0 26.6 23.4 10.0 7.3 35.9 22.3 13.6 40.6 19.0 9.5 4.2 -29.9 31.8 -10.9 -12.4 4.1 -32.8 -11.8 -5.8 20.9 4.9 -0.3 -56.0 -30.6 -25.9 -39.1 -39.6 -45.6 -15.4 24.2 3.4 -45.0 14.8 -14.5 12.1 -5.3 -69.2 -46.2 -41.0 -7.2 5.1 13.6 -5.9 13.1 10.8 13.6 16.9 20.0 16.8 19.9 24.8 5.2 9.7 -0.9 19.0 15.6 -10.4 -34.7 19.5 49.9 26.3 28.2 -1.5 4.6 31.3 18.1 17.2 38.0 8.5 13.7 26.8 2.7 19.1 19.0 19.1 32.9 36.2 2.6 -4.2 26.2 50.8 -2.9 23.4 15.8 27.1 46.0 5.7 -28.5 20.2 35.7 18.7 19.5 9.8 7.4 25.6 17.8 8.1 40.7 20.3 3.0 2.6 -32.5 27.3 -10.6 -13.3 -2.2 -29.1 -11.2 -5.1 18.8 0.4 2.6 -56.5 -30.2 -28.1 -39.8 -38.1 -48.4 -14.0 22.5 10.4 -45.4 21.7 -12.6 13.2 -1.8 -69.7 -44.8 -38.4 -2.5 3.2 14.0 -1.9 10.5 7.5 9.7 20.1 20.4 22.7 18.0 21.2 4.2 -3.6 -7.7 16.9 13.3 -18.2 -18.3 16.7 51.4 29.4 27.5 -0.9 6.8 30.6 19.6 13.9 41.1 22.5 12.9 22.1 2.9 17.5 16.4 14.9 31.1 34.7 7.3 -6.5 23.0 44.7 -5.1 11.4 8.0 23.1 46.6 -0.6 -24.3 23.0 32.7 14.0 18.9 7.0 3.2 28.1 17.9 7.5 40.5 23.0 -0.6 -1.4 -34.8 29.1 -9.8 -12.8 -4.7 -29.7 -9.6 -3.9 20.0 5.0 -1.2 -59.4 -31.4 -27.1 -40.5 -37.4 -47.9 -15.1 21.2 3.2 -42.5 19.0 -9.0 10.3 2.7 -66.5 -42.5 -41.9 -4.0 7.9 15.0 -0.8 12.2 9.6 20.9 21.2 26.9 18.8 18.1 21.0 6.3 0.3 -8.6 22.5 16.4 -17.6 -19.6 20.7 55.4 28.8 29.8 -5.5 9.0 31.2 18.9 18.2 38.7 20.4 17.5 26.5 4.5 18.1 17.8 15.5 34.3 31.1 2.1 -3.4 21.0 45.8 1.6 20.1 11.3 26.3 44.5 -4.7 -19.3 25.3 36.4 18.7 14.7 1.3 5.4 33.5 16.0 10.2 44.5 27.6 -0.6 -2.9 -32.5 34.2 MAJOR PURCHASES AT PRESENT (Question 8) Value 2013 Max. Date Value Jun Jul Aug Sep Oct 16 TABLE 5: Monthly survey of retail trade (s.a.) 2013 Since 1990 (*) Min. RETAIL TRADE CONFIDENCE (a) INDICATOR PRESENT BUSINESS SITUATION (b) (Question 1) Component of the retail confidence indicator VOLUME OF STOCKS (Question 2) Component of the retail 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 12-08 01-93 01-09 07-09 02-99 11-11 01-03 06-09 : 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 09-13 01-09 01-09 12-08 12-94 06-93 08-09 12-09 11-11 12-02 06-09 : 10-12 07-93 04-97 02-10 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 09-13 01-09 01-09 08-99 10-99 02-93 02-12 05-95 10-11 01-03 06-09 : 12-93 06-06 03-12 01-10 04-99 03-09 12-02 04-09 : 01-99 09-11 10-11 01-02 05-05 06-90 10-95 01-99 02-95 08-00 02-98 02-09 -26.7 -24.8 -27.9 -14.8 -1.3 -11.6 -37.4 -45.6 : -48.4 -36.0 -27.2 -40.2 -65.6 -48.9 -35.2 -57.8 : -41.1 -19.2 -16.9 -26.4 -16.8 -30.7 -21.6 -21.6 -22.7 -20.0 -38.3 -47.1 -33.0 -33.9 -30.2 -36.2 -2.6 -23.6 -47.1 -61.5 : -78.7 -72.7 -48.7 -51.9 -91.3 -72.5 -60.9 -58.0 : -59.9 -29.8 -25.2 -32.8 -30.9 -60.0 -41.1 -48.1 -35.1 -27.1 -50.1 -56.8 25.2 27.5 30.9 6.1 27.8 28.1 37.2 37.4 : 40.9 25.4 25.2 45.5 75.4 26.7 7.6 49.8 : 33.8 25.7 21.3 41.6 13.0 27.4 54.7 32.6 25.9 38.8 45.4 33.1 -6.5 -9.1 -3.9 14.6 14.4 4.8 -11.7 7.6 : -2.5 -10.2 -8.8 -1.7 -14.7 -9.5 6.4 -2.0 : -9.6 -5.9 11.4 -7.6 -3.4 -3.0 11.2 10.4 8.7 -0.5 10.0 0.4 -6.6 -10.2 0.5 13.3 29.6 2.1 -6.3 13.4 : -10.3 -33.6 -9.5 -1.5 -19.1 -29.4 3.9 -4.0 : -10.7 -8.4 22.9 -2.6 -5.7 -8.8 18.0 13.4 11.5 9.5 15.9 3.3 15.3 15.2 11.6 -12.2 9.1 8.0 22.0 11.4 : 11.8 4.9 10.8 21.1 17.7 0.5 -1.6 3.0 : 18.3 12.7 8.2 23.0 1.5 8.4 3.3 10.8 8.3 21.2 28.4 17.2 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 04-07 06-90 10-10 08-94 11-07 07-13 12-90 04-07 : 07-07 06-00 12-07 07-08 02-92 05-07 04-07 01-07 : 01-14 08-13 10-99 05-10 12-07 07-98 12-97 09-07 11-98 08-07 01-10 05-14 06-90 06-90 10-10 11-97 11-07 05-10 11-90 04-07 : 09-07 06-00 12-07 02-09 05-00 04-07 03-07 01-07 : 04-14 11-13 06-99 02-06 12-07 04-99 09-97 11-07 11-98 03-12 07-06 01-11 04-10 03-14 12-13 07-96 08-11 05-13 01-91 07-96 : 02-13 02-96 03-09 10-09 01-14 04-05 07-96 12-99 : 08-10 09-12 08-09 01-00 12-93 10-13 12-94 03-08 01-03 10-13 06-10 08-09 7.7 5.2 13.7 31.8 29.5 14.9 22.3 35.6 : 39.0 9.5 8.8 28.1 17.1 20.6 22.8 41.7 : 14.1 3.9 33.3 13.2 11.9 14.1 35.8 38.2 34.4 23.8 47.6 25.8 18.6 21.8 35.0 51.9 67.2 23.8 52.6 71.6 : 63.9 3.5 24.8 63.1 45.7 25.9 36.2 75.4 : 18.4 19.1 61.3 26.6 23.8 23.1 57.3 63.1 57.9 48.8 66.9 48.9 5.0 4.9 -11.7 -52.2 -5.5 -6.9 1.7 -7.7 : -15.2 -7.2 -13.9 -5.1 -5.4 -18.8 -17.2 -20.7 : 1.6 1.1 -2.4 -1.7 -15.5 -16.5 -20.4 -6.7 -11.0 -5.1 4.0 0.9 -10.1 -14.5 -14.5 12.4 5.0 11.1 -10.5 13.7 : -19.1 -12.5 -18.4 -12.9 -23.4 -32.1 3.8 0.0 : -8.9 -0.4 -2.6 -7.6 -7.2 -16.0 10.5 9.2 7.3 -13.1 0.7 0.1 -14.9 -21.7 -11.7 7.1 10.9 6.2 -2.0 29.5 : -40.1 -34.8 -25.8 -19.2 -53.3 -61.5 5.4 -9.2 : -14.5 1.3 -3.0 -4.7 -7.2 -30.4 17.5 5.0 14.0 -13.6 -3.1 2.5 11.3 10.3 11.8 -2.4 10.3 3.1 22.6 12.3 : -7.1 3.0 9.8 15.7 -2.1 -5.3 -0.4 14.8 : 9.6 10.1 6.4 19.0 6.0 -10.0 0.9 10.1 8.4 16.0 27.4 15.1 -6.9 -13.9 -11.5 11.8 5.9 14.9 -9.9 8.7 : -21.0 -9.3 -18.0 -4.6 -21.7 -29.8 3.3 -5.2 : -8.4 -0.2 -6.8 -13.6 -7.5 -12.8 8.0 13.4 2.6 -12.2 4.6 13.9 -10.4 -20.8 -5.0 9.7 8.7 20.2 1.3 18.1 : -45.0 -32.2 -25.1 -13.0 -50.8 -56.6 4.6 -7.5 : -11.2 -10.8 -13.9 -17.4 -8.6 -28.2 6.7 16.8 3.2 -13.1 2.0 21.3 11.0 10.4 10.7 -1.6 6.7 5.8 24.1 8.5 : -3.5 -2.1 10.7 7.0 -0.4 -1.4 0.3 14.1 : 10.9 13.5 4.0 22.1 6.7 -14.5 0.6 7.2 7.7 8.2 22.9 13.7 -2.5 -10.5 -7.6 12.4 6.4 13.4 -7.0 10.1 : -21.3 -6.5 -14.5 1.5 -16.9 -31.3 6.0 -0.2 : -8.9 3.9 -0.8 -5.9 -5.4 -12.0 4.5 -0.8 4.9 -18.6 7.4 23.8 -4.9 -17.5 -4.2 14.7 10.4 21.8 3.4 24.8 : -45.7 -26.1 -24.3 -3.4 -46.9 -57.5 6.2 11.5 : -9.2 10.2 -1.7 -1.7 -3.0 -27.3 13.8 -10.2 0.2 -21.1 6.9 35.5 8.4 8.4 7.0 -1.5 7.1 7.2 20.6 6.9 : -0.7 1.1 7.0 8.3 -4.4 -8.6 -0.6 11.5 : 14.1 8.9 6.3 23.3 5.7 -12.4 1.2 9.4 7.4 12.6 24.3 7.6 -0.2 -6.8 -2.4 10.7 7.8 8.7 -2.5 8.7 : -22.5 -5.3 -8.6 -19.7 -11.7 -31.4 5.1 -7.9 : -5.7 -10.7 -1.4 -9.6 -6.0 -10.7 1.1 0.0 0.4 -20.0 4.2 24.4 1.1 -11.0 -0.7 8.2 12.8 9.4 7.6 22.3 : -36.6 -22.3 -12.6 -19.7 -34.7 -58.0 5.2 1.3 : -7.9 -13.5 0.8 -7.6 -5.0 -23.9 17.2 -11.0 -3.7 -27.1 5.0 46.0 7.8 7.2 0.4 -2.1 6.3 8.5 19.0 7.9 : -7.8 3.8 6.2 28.7 -5.0 -4.3 -1.4 12.0 : 12.6 10.5 2.0 20.9 5.2 -10.9 1.6 12.1 10.0 9.3 34.3 7.7 -0.9 -7.7 -7.0 9.5 5.7 14.0 -2.4 9.2 : -22.8 -5.0 -10.1 -5.4 -14.1 -25.1 5.6 -4.1 : -2.9 -9.6 -6.0 -7.9 -3.2 -6.5 1.8 10.7 -1.1 -12.0 8.0 22.2 -1.2 -11.2 -12.3 6.7 8.2 3.3 8.0 16.5 : -40.4 -25.3 -9.7 -3.1 -33.1 -48.4 7.6 4.8 : -8.0 -15.7 -10.9 -6.5 -2.8 -17.9 7.4 15.9 -10.1 -23.9 7.1 33.8 5.3 5.6 -2.0 -4.2 6.9 -0.7 14.5 8.1 : -9.0 -0.2 7.7 15.5 -5.3 -4.5 -1.3 11.4 : 6.7 9.6 3.7 21.8 4.5 -16.5 1.3 6.0 6.7 -5.1 30.1 1.1 -5.6 -7.7 -5.2 11.3 5.5 10.5 -4.0 11.0 : -18.1 -2.6 -12.0 -11.5 -12.5 -26.3 8.3 -2.0 : -3.5 -8.3 -5.3 -9.2 -3.7 -5.0 6.5 -7.1 3.4 -6.7 11.1 -3.2 -8.3 -11.2 -8.2 5.7 11.4 0.5 6.9 13.1 : -41.4 -17.2 -14.4 -23.6 -34.5 -50.3 11.6 11.7 : -7.9 19.1 -10.6 -6.7 -2.9 -11.8 16.9 -15.4 -0.5 -8.4 18.3 -5.5 8.4 7.8 0.3 -9.1 6.0 -1.2 19.3 10.3 : -10.2 2.6 8.3 11.5 -4.5 -9.5 -0.8 8.8 : 13.1 13.3 5.3 21.1 5.2 -11.0 0.4 9.0 6.7 2.4 23.1 10.4 -1.5 -5.0 1.3 9.5 11.7 8.1 -3.7 18.5 : -15.0 5.5 -7.3 6.6 -12.3 -19.1 9.0 -4.8 : 5.6 -1.4 -6.5 -3.9 -3.4 0.7 -0.1 -4.2 5.7 -3.1 14.4 7.6 -2.6 -9.1 -1.8 15.7 15.6 -7.7 6.7 26.4 : -30.3 -11.4 -10.8 8.1 -34.5 -47.6 13.0 -8.4 : 2.4 -12.8 -14.4 1.0 -4.2 -3.8 -0.3 -31.5 0.2 -6.4 18.0 17.9 8.8 6.4 -11.7 -1.3 2.5 -1.0 15.8 11.4 : -5.4 -6.1 7.1 0.0 1.2 -7.9 -0.9 3.3 : 8.6 8.1 7.7 15.3 4.7 -11.8 1.4 6.7 6.6 2.0 21.8 19.7 2.0 -3.4 0.4 11.0 9.4 11.0 1.2 14.2 : -11.6 6.6 -10.2 -6.1 -8.2 -17.7 7.8 8.7 : 14.1 1.1 -2.8 -8.5 -1.9 -1.9 -1.3 11.0 5.4 -4.5 15.5 19.4 1.3 -8.1 -7.2 7.3 14.9 2.3 10.5 20.4 : -17.5 -8.4 -12.3 -14.4 -34.2 -41.8 10.2 9.3 : 15.6 -18.2 -0.4 -9.0 -3.5 -12.9 -1.3 3.0 -2.0 -9.4 22.8 33.1 8.2 5.9 -2.8 -5.3 3.6 -1.6 12.3 11.0 : -4.5 -3.0 10.2 12.2 -5.4 -15.3 -2.6 -1.5 : 9.5 8.6 11.7 20.1 5.3 -9.4 2.4 6.9 6.3 7.5 24.9 17.2 3.4 -3.0 5.4 12.3 11.9 6.9 2.1 16.3 : -8.4 1.1 -10.6 8.2 -5.2 -17.7 10.3 7.2 : 7.2 -9.9 -3.8 -7.7 0.4 0.5 5.8 2.7 10.7 -6.4 15.8 24.5 5.5 -4.3 8.1 12.2 13.9 -9.9 13.9 25.8 : -10.5 -10.0 -12.0 13.2 -22.7 -43.9 18.6 2.9 : 14.6 -29.8 0.8 -13.0 2.8 -6.6 2.6 -22.8 5.8 -10.4 24.4 39.9 6.0 6.0 -3.2 -6.0 2.8 2.6 13.5 11.1 : 2.5 3.3 7.5 16.5 -4.8 -12.2 -1.2 0.5 : 15.1 18.6 8.5 10.7 4.8 -6.4 0.9 6.8 3.7 7.3 20.7 5.2 0.6 -2.5 8.5 18.6 12.1 1.3 1.2 16.9 : -10.0 7.5 -9.9 -7.3 -7.9 -22.7 10.5 7.8 : 10.1 -7.7 0.4 -3.9 1.0 3.9 8.1 6.7 3.1 -10.6 17.5 7.9 0.9 -4.3 8.0 19.6 17.0 -3.5 13.1 36.1 : -18.1 -4.5 -14.4 -14.9 -25.8 -47.5 17.4 9.2 : 18.1 -7.9 1.1 4.7 4.4 5.9 10.3 -11.0 -6.6 -9.4 29.6 14.0 6.8 4.9 -2.0 -4.2 1.5 4.7 12.7 12.4 : -3.6 -1.2 5.2 16.7 -3.0 -8.5 -1.2 0.2 : 9.9 18.9 6.7 14.0 3.7 -6.2 1.4 3.6 9.0 15.2 24.4 12.0 3.0 -2.5 5.1 17.8 14.6 2.4 0.2 16.2 : -9.7 6.9 -10.2 3.9 -5.4 -9.5 9.5 6.6 : 8.5 -13.4 0.4 -3.2 1.2 3.4 4.2 3.7 4.5 -3.4 20.1 20.6 4.0 -5.8 12.3 13.4 23.7 4.4 12.4 33.4 : -22.8 -6.0 -19.6 -0.5 -27.3 -37.1 15.9 7.1 : 18.4 -7.9 3.3 1.5 6.5 2.4 -1.0 -14.9 3.2 1.1 37.1 34.6 8.2 6.1 1.5 -4.4 1.6 3.3 16.7 7.6 : -6.8 -0.2 4.4 9.2 -2.7 -14.5 -1.8 0.0 : 19.5 11.7 6.3 10.9 4.8 -6.3 1.7 3.6 7.6 1.2 24.9 14.7 4.1 -2.5 0.7 14.0 12.5 3.8 -1.1 14.1 : -7.4 7.2 -10.6 -1.1 -2.8 -12.0 10.2 5.7 : 8.9 -5.6 1.7 -4.4 -0.1 4.5 9.7 17.8 8.1 -6.5 23.7 25.8 8.4 -3.1 8.7 17.5 24.9 6.0 12.5 33.9 : -19.2 -1.2 -17.3 -14.5 -18.3 -32.8 17.1 10.3 : 17.9 -12.3 6.0 0.8 5.2 10.3 15.8 28.8 9.2 -13.7 42.6 45.8 8.1 7.7 3.3 0.5 3.6 6.9 16.2 9.1 : -3.5 1.6 7.4 5.1 1.8 -4.7 -2.1 0.2 : 12.6 17.7 6.1 17.4 4.9 -1.8 -0.4 3.4 5.9 -0.6 21.6 8.2 17 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) 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 02-93 02-09 02-97 02-99 02-12 04-09 03-09 : 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 04-09 01-09 02-09 01-09 12-08 01-09 02-97 02-96 02-12 01-03 03-09 : 10-12 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 03-09 01-09 01-09 03-09 04-09 04-09 04-98 01-95 01-12 12-02 03-09 : 01-12 12-08 05-09 08-09 01-97 06-13 03-09 11-09 : 05-96 06-12 11-12 03-96 12-01 10-12 10-94 02-99 12-93 05-14 12-08 01-09 -28.9 -27.1 -42.5 -39.3 3.5 -18.7 -44.0 -48.4 : -68.0 -33.7 -33.1 -36.3 -79.4 -69.6 -43.7 -74.3 : -50.1 -30.7 -18.4 -26.6 -27.1 -36.6 -36.7 -20.2 -34.8 -24.4 -33.9 -55.7 -34.1 -30.6 -37.3 -43.1 -32.4 -25.2 -40.2 -58.8 : -61.3 -37.4 -33.7 -50.5 -81.2 -72.2 -53.7 -86.1 : -48.8 -24.0 -25.2 -39.1 -24.3 -45.0 -25.7 -47.0 -18.8 -36.4 -49.8 -65.7 -18.5 -15.4 -17.2 -44.6 -40.7 -16.8 -31.8 -51.1 : -69.9 -19.2 -22.0 -45.6 -53.9 -19.2 -39.3 -69.9 : -35.2 -23.7 -21.5 -16.4 -24.6 -32.7 -32.1 -46.5 -70.6 -27.3 -50.3 -44.3 2.3 -2.0 -0.7 18.2 22.6 20.2 -6.6 19.9 : 14.5 7.8 -6.1 17.5 -7.3 1.4 13.8 1.0 : 0.1 3.3 19.4 2.9 -2.8 8.0 18.9 28.8 22.8 10.3 42.5 15.2 -6.0 -10.1 -7.2 11.1 21.7 2.8 -12.5 11.9 : -0.6 -1.9 -10.5 -0.3 -17.5 -16.9 5.3 5.0 : -6.4 -5.2 4.9 -20.2 -3.3 -7.2 14.4 11.3 33.6 -7.5 11.1 6.6 -2.6 -3.7 2.9 -6.9 5.1 -2.9 -7.6 -2.7 : 17.3 -2.2 -2.2 -4.2 -5.2 -3.1 0.1 1.3 : -8.4 -5.8 3.0 -3.8 -7.3 -6.4 -1.4 -10.0 -0.4 -6.4 -12.5 2.8 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 04-07 04-07 01-90 01-07 02-02 01-11 12-90 03-04 : 07-07 04-91 06-07 05-08 05-96 02-08 02-07 11-06 : 02-98 11-11 10-99 03-05 02-08 07-98 11-95 09-07 12-96 04-07 01-10 01-97 02-90 02-90 01-90 01-07 02-95 01-11 01-91 03-02 : 07-07 01-90 10-99 02-09 09-00 03-07 02-07 12-06 : 01-14 11-11 08-99 10-10 06-08 11-98 03-97 08-06 01-02 09-07 04-10 12-01 04-07 03-91 01-07 10-06 02-08 11-13 12-10 04-07 : 03-98 12-98 12-00 03-12 01-00 06-08 04-07 11-06 : 01-14 06-11 12-10 08-10 02-08 09-97 12-98 12-07 09-02 02-07 02-10 10-97 20.3 15.6 26.8 56.6 46.1 59.2 27.0 57.4 : 70.3 34.0 20.0 65.9 33.8 54.7 38.2 62.6 : 36.9 40.1 45.3 30.3 16.9 39.4 73.6 56.0 60.0 41.2 86.2 48.9 10.2 9.5 19.8 49.5 57.6 28.0 25.3 62.8 : 46.6 20.8 12.6 52.0 31.5 34.8 30.2 55.7 : 27.7 10.0 29.0 6.3 18.4 26.6 80.5 32.5 79.8 21.3 60.1 44.4 8.1 7.9 16.4 14.7 37.3 8.3 11.2 25.0 : 62.0 7.7 12.3 38.0 34.3 13.1 24.6 74.3 : 7.4 13.2 20.7 12.7 12.9 17.3 64.2 30.4 32.7 11.1 23.1 33.4 -4.3 -11.6 -20.0 27.7 14.3 30.1 -6.9 23.8 : -24.3 0.2 -19.5 -3.6 -18.8 -40.2 5.6 23.9 : -2.7 7.5 1.5 1.0 -8.4 -27.8 15.0 32.8 16.2 -9.6 32.7 12.9 -12.2 -17.8 -28.3 23.7 17.1 -3.2 -11.9 19.3 : -34.8 -9.4 -19.7 -19.3 -30.5 -51.2 3.5 20.5 : -8.4 -13.1 -4.6 -15.9 -9.6 -30.1 14.8 0.8 26.3 -23.5 7.3 1.3 -5.5 -9.3 -3.7 -3.4 10.5 -5.2 -6.4 4.2 : -2.9 -8.4 -12.3 -0.8 -10.1 -19.2 4.0 13.4 : -4.2 -5.5 -13.8 -6.5 -8.6 -18.6 1.6 -34.6 -5.4 -16.8 1.3 6.9 0.7 -10.4 -18.7 24.0 15.7 30.2 -6.8 16.4 : -21.4 2.3 -18.2 6.3 -14.7 -34.2 5.5 6.0 : -3.0 23.8 -2.6 -1.3 -7.4 -24.7 17.8 30.5 12.1 -15.4 34.8 34.1 -8.4 -16.4 -25.0 19.7 12.0 -2.8 -11.0 9.6 : -31.1 -9.9 -21.5 3.0 -18.6 -50.2 -0.4 12.1 : -6.3 1.6 -18.6 -18.1 -9.6 -30.1 16.0 5.7 36.8 -20.3 9.4 15.4 -2.8 -7.7 -7.9 -2.2 16.3 -6.2 -2.2 -0.7 : -7.1 -3.9 -12.3 -5.2 -8.6 -13.3 2.6 23.1 : -1.3 8.0 -18.7 1.7 -8.2 -20.8 2.3 -37.5 8.0 -18.0 1.0 14.7 5.8 -5.6 -11.7 21.0 15.8 25.6 -3.9 12.3 : -18.9 7.8 -12.3 16.2 -8.2 -44.9 11.3 -0.5 : -3.4 10.3 5.6 7.3 -7.4 -21.1 0.8 17.1 21.8 -22.2 39.5 43.7 -2.3 -13.2 -25.1 19.8 8.9 14.5 -9.5 13.0 : -22.8 -1.2 -15.0 -17.7 -23.2 -55.6 5.4 14.6 : -4.8 4.8 -3.1 -10.7 -8.8 -24.8 -0.3 6.0 27.8 -21.0 5.4 35.7 -1.4 -6.5 -3.9 -0.8 4.1 1.5 -0.5 -1.5 : 15.2 -9.3 -9.3 -6.5 -12.4 -4.4 5.0 22.0 : -2.9 4.1 -16.8 0.1 -5.8 -15.9 0.9 -12.3 6.9 -5.5 -7.4 18.7 6.2 -2.3 -6.3 21.7 16.9 25.2 3.9 11.8 : -38.7 10.2 -6.9 -10.6 -5.2 -40.5 8.6 -13.2 : 3.3 -8.0 -2.9 -0.4 -7.9 -19.1 -12.4 23.0 14.8 -23.5 42.0 34.9 -2.8 -11.4 -18.4 20.8 5.0 -2.6 -3.8 11.9 : -30.2 -2.0 -9.9 -26.3 -24.7 -50.0 4.2 -4.2 : 1.2 3.0 -7.5 -22.1 -9.7 -25.4 -6.9 -4.7 31.3 -34.6 12.7 28.7 -3.0 -4.2 -1.8 -3.5 1.1 -1.1 -0.6 -2.8 : 6.9 -8.8 -7.3 -11.5 -2.4 -7.3 3.5 10.1 : -4.1 -7.8 -10.0 4.5 -6.7 -18.6 0.0 -33.9 0.7 -10.8 1.5 1.3 3.8 -6.5 -10.8 17.6 15.9 37.9 -0.7 19.2 : -36.9 10.0 -12.8 2.4 -14.6 -31.4 7.8 -5.7 : 6.1 -3.4 -3.2 4.6 -2.4 -18.0 -0.8 22.3 13.6 -17.3 47.1 33.8 -3.1 -12.1 -15.9 15.1 16.7 12.4 -4.2 16.1 : -27.7 -2.8 -15.7 -13.9 -24.5 -47.7 5.6 -6.2 : -0.2 4.5 -1.7 -12.2 -4.4 -24.2 0.0 -2.4 30.0 -32.5 15.0 25.6 0.3 -5.2 -3.2 -2.6 2.2 6.3 -1.6 1.5 : -17.8 -2.9 -6.9 -10.8 -5.2 -3.3 0.9 18.3 : -3.0 -4.0 -14.5 -0.9 -6.1 -17.6 4.1 -2.5 -2.1 -14.7 3.4 20.7 -0.2 -4.2 -7.2 19.3 11.2 29.8 0.4 30.2 : -23.1 12.0 -13.3 0.7 -7.5 -38.1 12.5 -8.8 : 10.6 -30.7 -0.1 0.1 -2.9 -14.2 2.9 3.0 17.3 -9.3 38.2 6.1 -9.4 -12.3 -12.2 13.6 12.3 18.6 -6.0 20.0 : -17.8 -0.4 -15.2 -17.9 -25.5 -49.3 8.2 6.6 : 7.3 -2.3 -11.1 -12.0 -6.3 -18.9 -1.3 2.9 36.5 -29.3 15.7 -6.2 -3.3 -6.3 -3.2 -2.9 5.3 8.3 -1.9 4.5 : -8.0 -9.9 -11.5 -5.0 -2.3 -2.4 2.8 12.7 : 0.6 -0.3 -13.5 -0.3 -5.1 -13.5 3.9 -25.1 -3.3 -16.6 -1.6 6.6 7.0 0.3 -5.9 11.6 21.9 31.1 -2.1 40.5 : -20.2 21.8 -4.0 11.7 -1.3 -17.6 13.0 -2.8 : 23.1 16.8 2.7 2.5 -1.4 -6.0 1.3 25.6 23.6 -0.8 47.1 24.6 -2.2 -10.0 -10.7 6.8 13.9 3.6 -7.4 27.1 : -10.3 13.0 -16.1 5.0 -22.6 -34.7 3.3 -23.9 : 18.4 -1.3 -10.0 -8.4 -3.4 -12.9 -2.8 -0.9 41.9 -13.2 15.3 22.4 3.0 -3.0 -3.8 -2.3 -3.4 2.8 -1.1 2.7 : -0.8 2.6 -7.2 -20.2 -1.6 0.4 6.7 8.3 : 6.5 -10.8 -14.6 7.3 -5.6 -13.5 4.6 -25.0 6.9 -6.0 2.2 27.2 13.0 3.7 5.5 20.2 16.9 29.1 5.5 33.0 : -21.7 25.2 -7.9 8.2 4.3 -26.7 10.7 15.3 : 36.3 30.1 3.8 3.5 3.3 -2.3 -0.1 36.9 24.4 3.4 48.6 42.4 0.0 -6.8 -5.7 20.4 16.6 14.6 -3.0 18.9 : -22.2 7.7 -10.0 -4.5 -14.3 -39.0 3.1 21.3 : 27.7 -10.9 -8.4 -17.4 0.9 -13.2 -6.7 -8.7 38.9 -14.0 15.0 20.3 1.8 -2.4 0.3 1.5 2.8 6.2 -0.3 0.4 : 0.5 -4.5 -7.5 -9.2 0.6 1.6 3.7 19.9 : 7.4 -4.4 -1.1 3.7 -3.1 -6.8 7.3 -18.1 4.0 -4.9 3.3 16.8 10.8 1.3 5.0 18.7 24.6 33.3 6.0 34.1 : -12.1 16.5 -12.3 27.9 2.2 -21.3 11.2 19.3 : 22.1 18.6 -3.6 0.5 3.2 1.7 15.7 37.8 30.0 -1.6 43.7 38.8 3.0 -7.3 -7.5 15.9 28.4 26.0 -2.7 22.5 : -14.2 4.4 -14.6 14.5 -14.0 -30.6 10.9 33.6 : 19.0 2.2 -4.3 -9.8 0.7 -6.2 8.0 -0.9 51.0 -15.8 12.8 35.2 1.9 -4.3 -1.0 1.3 7.8 2.6 -1.8 -2.1 : 11.2 -5.1 -7.6 0.4 -4.4 -1.2 3.8 34.1 : 2.8 -16.7 -6.7 0.4 -3.5 -6.6 0.1 -10.2 1.5 -18.2 -3.7 25.8 7.7 1.8 15.3 32.1 21.0 12.2 3.1 27.1 : -15.4 25.7 -10.1 9.8 -0.8 -29.0 13.0 14.5 : 22.0 3.7 6.8 -2.4 2.3 -0.4 15.5 34.8 24.7 -7.3 47.4 21.9 -0.6 -4.8 -4.3 32.3 24.8 -4.8 0.2 12.3 : -5.9 12.9 -10.5 -0.3 -16.3 -47.0 6.8 27.1 : 18.3 -4.4 -3.8 -10.0 -0.6 -5.0 8.5 22.6 41.7 -22.9 13.5 9.5 2.2 -1.7 -1.4 6.9 7.4 0.6 1.6 1.8 : 17.7 -0.4 -6.3 10.8 -2.1 -4.4 2.7 28.6 : 5.2 -5.8 -2.5 -2.0 -1.8 -8.3 -6.0 0.8 3.8 -16.0 5.0 16.2 13.2 4.4 4.5 35.5 21.6 6.2 4.8 22.8 : -13.1 26.6 -6.5 21.6 8.3 -5.8 10.9 12.9 : 26.6 -20.8 4.1 -0.4 1.9 1.6 15.4 29.7 17.8 -10.1 48.3 41.8 3.0 -4.6 -9.9 36.7 17.1 -10.1 -1.2 17.2 : -7.4 13.1 -9.5 27.9 -10.6 -23.4 9.6 10.4 : 19.5 -13.3 -6.2 -15.8 0.2 -6.8 2.5 21.1 36.8 -29.6 14.4 28.7 0.6 -1.2 1.2 1.2 -3.2 0.9 1.5 5.5 : 9.2 1.2 -3.9 7.3 -1.5 -2.4 2.9 24.7 : 3.2 -10.4 -7.9 1.0 -1.8 -7.7 5.0 -21.9 0.6 -12.7 13.1 5.1 12.0 3.4 -3.2 24.9 16.4 12.1 0.5 17.5 : -6.5 24.3 -7.1 16.3 11.9 -7.9 11.5 7.1 : 21.5 13.1 5.1 3.5 -0.5 1.4 12.9 27.9 21.0 -6.5 50.1 39.9 2.4 -5.7 -13.6 20.3 18.3 -0.3 -2.6 14.0 : -12.6 8.1 -9.2 7.6 -11.6 -21.5 11.5 23.0 : 20.8 0.1 -6.6 -7.3 -2.5 -7.4 13.6 4.6 37.4 -21.5 20.6 28.4 2.0 -1.8 1.9 0.7 -5.5 -4.2 1.3 6.0 : 4.6 2.4 -3.6 12.3 -5.4 -2.7 2.7 19.1 : 5.7 6.1 -4.8 2.3 -1.4 -6.9 1.8 -10.2 -1.8 -27.3 6.5 16.0 18 TABLE 5 (continued) : Monthly survey of retail trade (s.a.) 2013 Since 1990 (*) Min. Ave. 2014 Max. Nov Dec Jan Feb Mar Apr May 09-09 -4.7 10.5 06-08 27.5 4.8 3.3 3.3 6.0 5.7 5.6 EU 09-09 -11.9 6.4 11-07 23.6 1.2 1.6 1.9 2.0 2.2 3.5 EA 08-09 -13.2 5.1 04-11 26.4 11.9 9.8 -0.2 1.1 -2.1 4.6 BE 11-09 -9.2 13.0 07-08 45.8 2.7 -4.8 -4.2 -0.7 -4.6 -2.4 BG 12-08 -11.3 2.1 01-04 22.5 -5.8 -1.3 0.1 0.6 -3.6 -3.4 CZ 02-13 -13.1 1.1 02-11 23.7 -2.5 -6.7 -3.1 1.0 -0.4 -0.4 DK 09-09 -21.1 11.6 12-06 42.2 9.3 10.9 14.6 13.0 7.4 10.2 DE 03-09 -35.9 27.8 04-11 54.9 30.3 23.4 31.9 32.3 30.4 30.2 EE : : : : : : : : : : : IE 06-12 -35.2 -2.0 05-08 33.6 -22.0 -22.0 -23.2 -21.9 -16.2 -17.9 EL 02-09 -18.6 5.7 01-05 28.7 -9.1 -13.1 -12.9 -10.0 -7.9 -3.6 ES 03-09 -29.4 -2.2 09-95 15.5 -7.6 -4.0 -4.6 -2.6 -3.8 -3.2 FR 03-13 -23.1 2.1 08-09 44.5 -4.9 -3.1 -19.6 -13.6 -18.5 -20.5 HR 08-05 -13.9 10.4 06-08 33.1 3.0 2.6 -0.1 1.2 10.3 5.2 IT 04-13 -27.7 5.1 07-08 34.3 -19.5 -17.0 -15.2 -22.9 -20.9 -17.8 CY 01-10 -22.5 24.5 05-04 55.7 14.4 17.8 17.5 16.2 16.2 19.3 LV 07-09 -46.5 10.6 04-11 61.7 45.2 38.6 37.2 33.3 22.7 12.6 LT : : : : : : : : : : : LU 03-10 3.6 44.3 05-96 81.3 12.9 16.8 21.4 16.8 10.7 14.4 HU 02-14 -23.7 9.2 08-12 30.8 2.8 13.4 -8.2 10.2 15.1 -3.4 MT 11-10 -18.7 7.0 10-12 26.2 -4.1 -9.5 -7.6 -10.6 -9.9 -0.2 NL 09-09 -1.0 12.6 02-08 34.1 16.5 11.4 20.9 11.0 18.1 15.4 AT 07-02 -7.0 16.4 03-09 39.4 7.0 10.4 8.1 8.8 7.2 7.8 PL 07-03 -19.6 6.9 07-05 27.2 -3.0 -1.2 -1.5 -3.2 -2.1 -3.9 PT 10-13 6.4 31.2 10-04 56.0 18.2 12.6 14.2 13.6 6.4 25.0 RO 03-09 -32.6 13.6 02-08 40.2 24.1 27.4 13.8 15.1 21.5 24.8 SI 07-09 -36.9 17.9 11-02 73.9 7.0 10.8 7.4 15.7 8.7 2.1 SK 09-09 -43.3 11.1 07-11 59.6 20.1 22.5 18.1 17.5 17.8 18.9 FI 07-05 -10.3 11.5 07-08 36.8 0.6 3.7 7.6 2.8 10.2 8.4 SE 07-05 -2.4 23.3 01-11 66.9 17.8 7.9 6.4 20.6 18.0 11.2 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. 8.0 5.9 9.2 1.5 6.5 -5.3 13.4 29.4 : -21.6 0.7 -1.9 -19.5 5.8 -9.9 15.1 7.0 : 9.4 10.2 -2.4 25.0 4.6 -2.5 31.8 24.4 7.5 24.1 7.8 16.0 6.5 4.2 10.2 -0.1 5.0 -8.1 12.1 29.4 : -18.3 -1.5 -2.9 -7.2 0.8 -1.7 9.9 8.5 : 11.4 -8.1 2.0 22.2 3.9 -1.1 16.2 22.3 1.7 15.3 4.1 15.7 5.6 1.8 7.9 -3.2 8.9 -8.7 11.6 28.5 : -12.2 -3.6 -9.1 -13.6 -2.0 -10.2 11.4 13.7 : 17.1 -23.7 -1.5 22.0 7.3 2.0 22.5 18.6 4.7 10.1 8.3 18.4 4.7 -0.2 11.1 -2.4 3.4 -5.5 8.8 27.4 : -20.3 -5.9 -11.7 -17.0 -0.4 -9.0 14.0 15.8 : 20.4 10.4 -2.8 18.3 4.9 0.0 16.6 27.8 9.9 -0.3 4.6 22.3 5.0 -0.3 4.7 0.7 3.3 -3.7 8.0 23.6 : -10.1 -5.7 -12.5 -11.7 -0.7 -5.8 9.7 11.3 : 17.0 2.0 1.2 15.5 6.0 2.9 33.5 26.0 5.9 9.5 9.6 21.7 2.3 -1.8 4.4 -2.6 3.5 -1.7 8.0 27.9 : -10.2 -4.4 -15.1 -7.0 -3.8 -6.4 14.4 12.5 : 12.2 0.2 -5.4 13.7 7.3 1.4 17.3 28.9 0.4 2.3 10.1 13.7 Date SELLING–PRICE EXPECTATIONS (Question 6) Value Date Value Jun Jul Aug Sep Oct 19 TABLE 6: Monthly survey of construction industry (s.a.) (a) Since 1990 (*) Min. CONSTRUCTION CONFIDENCE (a) INDICATOR ORDER BOOKS (Question 3) Component of the construction confidence indicator EMPLOYMENT EXPECTATIONS (Question 4) Component of the construction 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 06-93 09-93 11-95 10-09 02-99 10-09 12-02 04-09 : 08-11 08-13 01-93 12-09 09-93 04-13 07-09 05-09 03-94 04-09 03-09 12-12 04-96 02-02 05-12 09-99 03-10 07-99 06-91 12-93 06-91 06-93 08-93 01-96 03-12 10-13 01-10 07-02 07-09 : 11-11 08-13 07-93 03-10 01-94 08-13 09-09 10-09 08-93 05-09 10-13 03-13 04-96 10-02 06-12 09-99 07-10 03-94 06-94 05-97 06-91 10-92 06-93 11-95 10-09 03-99 03-09 12-96 03-09 : 04-11 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 04-91 01-97 06-91 -45.3 -46.0 -35.1 -56.0 -54.9 -50.0 -55.4 -76.0 : -77.4 -69.3 -62.3 -49.8 -75.4 -72.7 -79.4 -92.9 -70.9 -56.0 -53.4 -47.7 -56.4 -67.9 -75.1 -60.4 -63.9 -86.1 -99.0 -82.9 -79.3 -58.4 -57.0 -47.2 -82.2 -70.7 -66.0 -66.5 -82.8 : -98.6 -72.9 -71.3 -65.5 -94.5 -94.1 -92.3 -99.7 -70.1 -69.2 -72.6 -56.7 -59.1 -86.4 -87.9 -89.1 -79.1 -92.8 -99.0 -97.4 -86.6 -34.8 -36.0 -25.1 -49.3 -53.1 -38.0 -50.0 -75.9 : -69.9 -76.2 -54.9 -35.1 -64.5 -53.0 -74.4 -95.2 -75.6 -46.0 -38.6 -42.8 -73.9 -58.6 -63.6 -39.4 -56.8 -85.9 -99.1 -77.6 -72.0 -19.5 -18.2 -9.8 -25.1 -20.6 -10.0 -28.5 -1.0 : -20.1 -11.7 -13.8 -32.8 -23.2 -22.5 -25.5 -34.6 -22.9 -19.1 -31.8 -6.8 -18.5 -34.6 -32.0 -14.4 -13.1 -28.4 -18.9 -24.9 -22.7 -28.8 -25.8 -18.5 -43.9 -26.7 -14.1 -38.8 -9.1 : -42.7 -8.7 -21.4 -50.2 -37.5 -36.8 -45.4 -55.8 -25.9 -30.7 -49.6 -12.3 -26.5 -57.2 -48.4 -21.6 -17.1 -44.2 -29.2 -37.3 -37.0 -10.2 -10.6 -1.1 -6.3 -14.6 -6.0 -18.3 7.1 : 2.6 -14.6 -6.2 -15.3 -8.9 -8.2 -5.5 -13.4 -20.0 -7.5 -14.0 -1.3 -10.5 -11.2 -15.5 -7.2 -9.1 -12.6 -8.6 -12.5 -8.3 2013 2014 Max. Date Value Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 12-06 02-90 02-90 11-07 01-05 11-06 02-90 05-06 : 04-00 12-98 10-00 05-08 04-90 12-03 01-07 01-07 03-90 08-98 05-08 12-00 07-07 02-08 12-97 06-96 03-07 03-97 06-98 08-07 10-07 03-90 07-06 03-07 10-07 12-02 07-06 12-13 04-06 : 04-00 11-05 10-00 07-08 04-90 12-03 01-07 03-07 05-00 09-98 05-08 02-08 05-12 02-08 05-08 03-98 08-04 03-97 11-07 05-07 10-07 03-07 02-90 02-90 12-07 01-96 03-98 02-90 01-97 : 03-99 12-98 10-00 05-08 05-04 11-03 12-06 03-03 03-90 01-98 05-08 07-08 01-08 12-07 09-97 03-01 10-06 01-97 03-97 12-10 07-04 3.8 6.0 9.7 23.9 5.3 24.2 2.2 48.8 : 32.5 39.5 44.9 11.6 13.4 36.5 19.2 13.4 26.4 11.5 2.0 27.1 5.8 -0.7 1.9 34.6 27.8 17.5 36.5 47.6 5.5 0.7 1.4 3.5 0.8 10.9 33.4 -6.8 59.1 : 16.0 54.2 50.9 -2.5 6.5 43.0 8.5 1.2 15.5 2.8 -5.0 21.1 1.4 -24.7 -4.6 63.2 31.7 -4.5 27.8 43.3 -1.1 11.8 13.4 20.8 49.7 19.7 42.0 18.9 68.6 : 59.5 54.6 39.0 27.2 26.8 49.6 34.5 36.7 37.3 21.2 8.9 41.3 21.1 24.1 19.4 37.6 30.7 40.5 59.8 63.0 16.5 -30.3 -31.2 -21.5 -33.3 -53.8 -18.0 -6.3 -17.8 : -34.1 -52.4 -31.3 -35.7 -40.6 -64.2 -14.5 -26.8 -18.0 -27.2 -41.8 -42.4 -10.6 -38.9 -62.8 -29.1 -20.0 -51.8 -21.8 -34.0 -24.8 -40.2 -37.8 -31.3 -61.4 -65.6 -24.8 -9.6 -27.8 : -65.3 -48.4 -42.7 -56.1 -55.4 -89.7 -29.3 -49.0 -31.1 -43.2 -55.3 -52.4 -12.4 -57.6 -78.1 -44.0 -32.5 -66.9 -20.0 -50.5 -42.5 -20.5 -24.5 -11.7 -5.2 -41.9 -11.3 -3.1 -7.7 : -2.8 -56.3 -19.9 -15.4 -25.7 -38.7 0.2 -4.6 -5.0 -11.1 -28.3 -32.4 -8.8 -20.2 -47.4 -14.3 -7.4 -36.8 -23.6 -17.5 -7.1 -30.7 -32.1 -22.2 -37.2 -47.7 -17.5 -6.8 -10.8 : -32.2 -61.1 -31.4 -32.3 -35.7 -64.4 -15.1 -21.5 -13.6 -25.7 -39.2 -44.0 -11.5 -37.8 -63.3 -29.3 -22.5 -47.5 -18.1 -33.6 -24.1 -42.8 -40.9 -29.3 -69.2 -52.4 -25.3 -12.7 -21.4 : -63.3 -65.1 -43.0 -51.1 -51.1 -92.1 -32.8 -39.6 -23.6 -39.1 -52.7 -52.3 -13.8 -56.6 -77.8 -45.0 -35.2 -60.6 -19.2 -52.5 -45.5 -18.6 -23.3 -15.2 -5.2 -43.0 -9.7 -0.9 -0.2 : -1.0 -57.1 -19.8 -13.5 -20.3 -36.8 2.6 -3.4 -3.5 -12.4 -25.6 -35.7 -9.2 -19.0 -48.7 -13.7 -9.8 -34.4 -17.1 -14.7 -2.6 -29.6 -32.6 -17.5 -36.8 -52.4 -15.0 -5.2 -15.4 : -30.2 -69.3 -30.0 -35.3 -36.7 -66.8 -19.5 -21.1 -9.1 -24.8 -38.2 -38.2 -11.9 -36.5 -57.1 -28.1 -16.0 -48.5 -23.5 -36.2 -16.1 -41.5 -41.4 -26.4 -65.5 -66.4 -20.4 -9.4 -28.3 : -61.4 -72.9 -41.3 -54.1 -53.2 -94.1 -35.4 -39.4 -17.4 -40.5 -55.9 -48.6 -13.2 -54.9 -73.4 -45.6 -27.8 -63.8 -21.4 -52.0 -36.5 -17.8 -23.9 -8.7 -8.1 -38.5 -9.7 -0.9 -2.6 : 1.0 -65.7 -18.6 -16.6 -20.3 -39.5 -3.6 -2.8 -0.8 -9.0 -20.5 -27.8 -10.7 -18.2 -40.8 -10.7 -4.2 -33.1 -25.6 -20.4 4.3 -27.1 -28.3 -24.7 -33.2 -48.4 -17.2 -3.1 -15.5 : -17.8 -51.4 -27.3 -37.7 -34.5 -55.1 -18.6 -25.3 -18.0 -20.9 -42.1 -37.0 -20.4 -36.0 -53.8 -29.6 -17.5 -48.7 -26.2 -31.3 -19.1 -37.6 -36.9 -33.1 -61.8 -64.1 -23.3 -7.1 -30.6 : -30.6 -56.8 -37.7 -55.3 -50.1 -82.7 -34.4 -45.5 -23.6 -35.2 -54.0 -45.5 -24.4 -54.2 -72.7 -45.1 -24.0 -69.0 -25.8 -51.7 -32.7 -16.5 -19.8 -16.2 -4.5 -32.8 -11.1 0.9 -0.3 : -5.0 -46.0 -16.8 -20.2 -19.0 -27.4 -2.9 -5.1 -12.3 -6.5 -30.1 -28.6 -16.5 -17.8 -34.9 -14.1 -11.0 -28.4 -26.6 -10.9 -5.6 -26.7 -29.1 -20.2 -33.2 -47.7 -14.5 -3.0 -9.9 : -37.1 -64.8 -25.7 -40.7 -33.1 -50.7 -20.1 -21.1 -11.7 -15.0 -44.6 -35.7 -5.2 -35.3 -49.0 -29.0 -18.9 -45.3 -10.7 -34.1 -14.6 -39.9 -38.9 -29.1 -62.0 -70.7 -19.3 -9.4 -20.1 : -61.3 -70.6 -39.3 -57.5 -48.4 -85.9 -33.3 -41.5 -17.9 -23.6 -72.6 -45.4 -7.4 -53.8 -68.1 -44.5 -23.6 -59.1 -14.8 -54.4 -37.6 -13.4 -19.2 -11.2 -4.5 -24.8 -9.6 3.4 0.4 : -13.0 -59.1 -12.0 -23.8 -17.8 -15.5 -6.9 -0.6 -5.5 -6.4 -16.7 -26.0 -3.1 -16.8 -29.9 -13.5 -14.1 -31.6 -6.6 -13.8 8.3 -26.4 -30.4 -21.3 -32.0 -48.1 -15.2 -3.0 -14.7 : -33.4 -60.4 -29.2 -41.5 -34.2 -59.6 -19.6 -23.5 -3.4 -15.0 -26.0 -37.5 -18.3 -34.5 -48.4 -29.2 -18.2 -43.4 -28.2 -23.8 -9.6 -38.5 -39.5 -29.5 -57.6 -67.3 -22.7 -9.2 -27.0 : -64.4 -65.4 -40.6 -62.5 -47.6 -88.7 -32.6 -42.8 -12.0 -26.7 -57.9 -44.5 -25.6 -53.4 -67.5 -43.9 -23.2 -57.5 -38.5 -43.3 -29.4 -14.3 -21.3 -13.1 -6.3 -28.9 -7.7 3.2 -2.4 : -2.3 -55.4 -17.8 -20.5 -20.8 -30.5 -6.7 -4.1 5.1 -3.2 5.8 -30.4 -11.0 -15.5 -29.4 -14.4 -13.1 -29.4 -17.9 -4.3 10.3 -24.8 -26.4 -23.6 -33.5 -47.5 -8.0 -2.3 -19.9 : -39.4 -46.9 -27.3 -38.8 -31.4 -54.5 -18.2 -21.1 -6.7 -13.1 -34.9 -33.6 -19.4 -32.9 -48.5 -30.5 -19.4 -43.9 -15.7 -15.8 -17.8 -35.6 -34.8 -33.5 -60.5 -66.4 -15.6 -6.8 -37.3 : -63.8 -51.2 -41.2 -59.1 -42.8 -89.1 -31.9 -38.7 -13.7 -22.8 -59.2 -37.6 -25.7 -53.0 -68.9 -44.8 -23.8 -59.5 -18.9 -36.9 -32.7 -14.0 -18.0 -13.6 -6.5 -28.6 -0.4 2.1 -2.5 : -15.0 -42.7 -13.5 -18.5 -20.0 -19.9 -4.4 -3.4 0.2 -3.4 -10.6 -29.6 -13.2 -12.8 -28.1 -16.1 -15.0 -28.2 -12.5 5.3 -2.8 -24.6 -29.8 -24.4 -31.6 -47.4 -2.9 -7.0 -19.1 : -23.4 -52.9 -30.3 -38.9 -36.9 -57.6 -15.6 -19.3 -8.4 -10.8 -30.5 -30.7 -13.8 -30.3 -44.8 -31.4 -15.6 -36.1 -28.9 -19.8 -4.6 -38.0 -41.3 -34.1 -57.5 -65.2 -13.6 -13.3 -28.3 : -52.6 -67.4 -42.8 -58.7 -51.4 -90.6 -30.8 -39.6 -10.8 -20.7 -51.6 -37.1 -23.0 -50.6 -66.7 -47.0 -24.4 -55.1 -34.8 -48.7 -21.1 -11.2 -18.4 -14.6 -5.7 -29.6 7.7 -0.6 -10.0 : 5.8 -38.4 -17.7 -19.1 -22.3 -24.6 -0.5 1.1 -6.0 -0.8 -9.4 -24.2 -4.7 -10.1 -23.0 -15.8 -6.7 -17.1 -23.0 9.0 11.9 -24.7 -28.5 -19.4 -33.0 -42.6 -2.6 -5.4 -24.5 : -23.2 -51.3 -31.1 -39.1 -35.8 -53.5 -16.0 -16.0 -0.3 -12.2 -43.5 -29.4 -13.1 -30.2 -45.1 -23.0 -18.1 -25.8 -24.4 -17.0 -11.3 -36.8 -37.5 -28.0 -60.2 -62.8 -12.3 -10.6 -36.7 : -58.2 -54.8 -42.4 -59.4 -49.5 -90.0 -32.0 -41.4 -6.8 -19.8 -61.2 -41.6 -20.2 -49.6 -64.8 -40.4 -24.3 -40.8 -30.2 -46.7 -30.0 -12.5 -19.5 -10.8 -5.7 -22.4 7.2 -0.1 -12.3 : 11.8 -47.8 -19.8 -18.8 -22.0 -17.1 0.1 9.4 6.2 -4.6 -25.8 -17.2 -6.1 -10.8 -25.3 -5.6 -11.8 -10.8 -18.6 12.7 7.3 -24.5 -28.7 -20.2 -31.9 -44.0 -4.4 -7.0 -21.7 : -13.5 -52.6 -28.9 -33.0 -36.4 -50.0 -12.5 -14.1 -3.3 -12.4 -24.3 -28.0 -14.2 -29.1 -46.8 -22.0 -8.2 -25.2 -29.7 -18.1 -9.5 -38.1 -39.9 -28.9 -55.5 -66.2 -10.4 -13.4 -31.4 : -47.5 -63.9 -40.4 -54.2 -53.5 -84.5 -26.7 -41.3 -9.3 -16.1 -34.6 -40.6 -23.3 -47.1 -66.9 -38.4 -18.3 -50.3 -25.1 -49.1 -28.0 -10.9 -17.6 -11.4 -8.2 -21.8 1.6 -0.6 -11.9 : 20.6 -41.4 -17.4 -11.7 -19.4 -15.5 1.6 13.2 2.6 -8.7 -14.0 -15.4 -5.1 -11.2 -26.7 -5.5 1.9 -0.2 -34.4 13.0 9.1 -25.9 -30.4 -21.5 -33.0 -39.3 -6.9 -9.7 -16.2 : -19.9 -54.4 -32.5 -33.5 -37.1 -42.9 -14.0 -14.8 -8.3 -4.5 -25.7 -22.8 -14.1 -28.9 -45.1 -21.6 -14.0 -30.8 -31.5 -20.7 -11.1 -36.6 -40.0 -29.8 -60.1 -62.1 -12.7 -14.4 -33.2 : -55.2 -63.9 -42.4 -53.4 -50.3 -73.9 -27.8 -35.8 -13.4 -10.4 -51.0 -36.5 -22.3 -46.4 -64.4 -36.5 -16.2 -60.7 -29.9 -47.7 -20.4 -15.3 -20.7 -13.2 -5.9 -16.4 -1.1 -4.9 0.7 : 15.5 -44.9 -22.5 -13.6 -23.8 -11.9 -0.2 6.2 -3.2 1.3 -0.4 -9.1 -5.9 -11.4 -25.8 -6.6 -11.7 -1.0 -33.0 6.3 -1.9 -25.6 -30.0 -22.1 -30.4 -38.9 -12.0 -12.4 -20.0 : -20.3 -48.3 -31.8 -35.0 -39.0 -49.3 -17.1 -13.6 -8.9 -7.0 -27.3 -25.2 -18.0 -28.9 -44.1 -21.0 -3.4 -31.1 -18.3 -17.3 -10.8 -37.3 -40.4 -32.7 -50.2 -62.2 -13.5 -19.1 -29.8 : -62.4 -57.1 -42.1 -53.3 -54.6 -88.3 -32.2 -33.7 -12.3 -12.9 -44.1 -37.7 -25.6 -46.6 -63.2 -35.0 -9.3 -52.1 -16.6 -46.5 -23.5 -13.8 -19.7 -11.5 -10.5 -15.7 -10.4 -5.8 -10.2 : 21.8 -39.5 -21.6 -16.8 -23.4 -10.3 -2.0 6.5 -5.6 -1.1 -10.6 -12.7 -10.4 -11.3 -25.0 -7.1 2.4 -10.1 -20.0 11.9 2.0 20 TABLE 6 (continued) : Monthly survey of construction industry (s.a.) Since 1990 (*) Min. Date Ave. 2014 Sep Oct Nov Dec Jan Feb Mar Apr May 05-09 -32.8 -7.1 02-07 16.8 -16.9 -12.6 -15.3 -11.9 EU 04-13 -34.7 -7.8 09-06 17.4 -23.2 -18.5 -20.7 -18.3 EA 03-96 -25.3 -3.5 02-90 12.9 -15.1 -11.1 -9.7 -7.6 BE 10-00 -51.3 -10.0 12-05 28.2 -8.7 -20.6 -13.1 -9.1 BG 01-14 -11.1 25.9 01-05 78.4 2.8 7.1 0.0 -4.6 CZ 03-10 -46.0 -5.0 02-07 21.0 -5.7 -5.6 -10.5 -5.7 DK 03-05 -45.3 -15.0 03-91 39.5 -0.4 -1.5 -1.1 -7.3 DE 06-09 -50.5 12.4 06-02 87.1 -6.1 -3.4 -7.7 -8.0 EE : : : : : : : : : IE 08-11 -73.7 -2.7 06-98 60.6 -4.5 -24.2 -29.7 11.6 EL 07-97 -50.7 -0.4 06-99 47.8 -30.6 -16.1 -37.4 -23.5 ES 01-93 -65.8 -5.2 04-00 51.3 -27.7 -25.5 -19.3 -17.7 FR 01-10 -54.2 -24.9 07-08 19.2 -22.5 -17.9 -18.6 -23.9 HR 02-93 -56.7 -15.8 06-04 19.4 -48.8 -41.5 -41.2 -36.5 IT 04-13 -77.6 -26.3 09-02 63.6 -75.5 -71.8 -72.3 -66.3 CY 07-09 -74.3 -4.7 06-02 41.9 1.3 2.3 5.2 -0.7 LV 06-09 -85.7 -2.9 06-02 81.1 -1.4 10.5 2.6 4.9 LT 08-99 -78.6 -22.7 09-99 49.4 -31.3 -16.6 -3.2 -8.2 LU 05-09 -54.5 -16.5 03-99 14.0 -16.4 -4.5 -9.6 -10.4 HU 04-09 -54.2 -16.7 05-11 10.6 -30.1 -29.2 -24.2 -19.5 MT 03-10 -47.4 -5.3 03-97 36.5 -25.0 -21.8 -14.6 -17.5 NL 04-96 -83.7 -0.2 01-04 30.2 3.7 1.0 3.3 5.4 AT 03-04 -26.9 4.2 01-05 45.3 -15.7 -14.6 -10.9 -9.7 PL 05-12 -68.4 -15.7 05-97 26.1 -50.3 -47.6 -43.1 -39.0 PT 06-99 -99.0 6.2 04-02 98.8 -16.4 -17.7 -14.5 -17.8 RO 10-09 -65.6 -2.6 03-07 48.1 -21.0 -18.4 -8.7 -11.1 SI 06-99 -43.4 6.0 12-04 56.6 -28.8 -15.7 -5.0 -6.0 SK 09-91 -99.7 -4.8 06-98 47.1 1.0 1.9 -6.7 -31.6 FI 12-91 -66.7 -4.1 12-10 61.8 -18.9 -23.0 -18.1 -7.6 SE 06-91 -68.2 -6.8 01-14 22.9 3.8 8.7 1.7 9.5 UK 05-09 -33.8 2.9 05-90 25.7 -13.4 -12.7 -11.5 -8.9 PRICE EU 05-09 -32.8 0.2 05-90 42.8 -17.0 -18.2 -17.1 -14.2 EXPECTATIONS EA 01-96 -20.0 -0.3 01-90 32.5 -10.5 -11.5 -10.4 -14.0 (Question 5) BE 10-09 -18.1 27.4 01-95 91.3 -0.2 -4.3 -4.3 -2.1 BG 07-13 -32.8 24.0 02-95 81.6 -25.9 -32.8 -21.0 -22.6 CZ 02-09 -53.1 -15.8 02-06 8.3 -14.7 -13.7 -12.9 -14.5 DK 02-96 -44.2 -11.9 02-90 44.7 -4.9 -6.3 -7.5 -2.9 DE 02-09 -59.8 26.1 04-94 88.3 10.3 14.6 11.5 15.8 EE : : : : : : : : : IE 12-11 -47.8 -2.4 06-95 35.3 -12.5 -29.8 -34.6 -35.4 EL 04-14 -44.7 8.8 08-99 75.5 -12.8 -11.1 -15.5 -4.5 ES 06-09 -55.7 -18.7 04-07 12.7 -39.9 -43.7 -36.4 -36.7 FR 07-10 -26.1 -8.5 06-08 40.2 -9.4 -5.8 -9.8 -8.7 HR 05-09 -20.7 7.8 05-90 60.6 -13.2 -13.5 -10.7 -14.3 IT 05-13 -62.3 -4.4 06-04 75.5 -51.4 -42.8 -38.5 -41.2 CY 05-09 -55.8 23.9 02-07 75.0 9.1 14.9 11.4 15.7 LV 03-09 -70.5 26.3 01-95 89.1 9.1 12.8 16.8 19.2 LT 05-93 -68.3 -29.2 11-00 24.8 -40.6 -32.7 -34.4 -37.1 LU 03-10 -22.6 0.3 03-01 33.2 -7.9 -5.2 -0.3 -1.0 HU 08-13 -30.2 -3.7 05-08 58.1 -11.0 -13.1 -30.2 -17.2 MT 07-09 -22.5 20.3 04-01 68.9 -6.0 -10.5 -7.3 -8.8 NL 02-96 -59.6 -6.3 11-03 32.9 -1.7 -4.3 0.8 0.8 AT 03-02 -27.5 9.5 06-07 47.0 -17.0 -15.5 -15.4 -14.3 PL 08-12 -45.3 -11.4 06-90 45.8 -39.5 -39.8 -33.1 -32.9 PT 03-10 -8.0 50.8 11-93 97.2 7.2 3.3 3.3 3.8 RO 01-10 -44.1 -4.0 02-08 25.4 -10.8 -11.0 -6.7 -7.3 SI 02-13 -30.2 36.1 06-97 93.3 -21.4 -13.2 -17.8 -5.3 SK 04-09 -83.4 2.0 05-97 57.4 -37.3 -28.8 -30.6 -5.9 FI 06-91 -75.3 -9.4 02-11 63.7 -22.9 -28.4 -10.5 -10.6 SE 12-90 -56.0 11.7 07-04 43.5 -0.4 9.8 9.1 11.3 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. -13.3 -19.1 -5.6 -9.1 -4.1 -7.0 -0.9 0.8 : -33.4 -42.3 -13.5 -30.0 -38.8 -48.3 1.2 5.3 -9.6 -2.7 -29.2 -14.9 13.5 -10.6 -37.6 -18.8 -12.5 -4.5 -4.0 -4.6 5.1 -12.8 -21.1 -12.6 -4.3 -21.9 -13.2 -5.3 2.8 : -19.2 -40.4 -33.1 -10.6 -13.3 -32.5 14.2 12.8 -34.9 -3.9 -21.3 -5.6 -1.2 -13.8 -26.9 2.5 -7.5 -3.9 -24.4 -5.1 16.1 -6.0 -13.3 -9.6 -4.0 -6.7 -2.7 -5.4 -1.5 : -24.8 -13.0 -13.0 -35.3 -30.6 -65.4 -1.3 7.1 -7.6 0.2 5.4 -11.2 12.3 -9.5 -32.9 -19.1 -7.2 2.4 -15.8 5.4 20.8 -5.7 -15.4 -13.9 1.6 -22.4 -12.7 -6.4 4.0 : -13.1 -12.1 -32.4 -11.5 -13.8 -39.4 14.0 15.4 -33.6 -9.6 -12.8 -6.0 2.7 -12.2 -25.7 5.4 -10.0 -4.8 -23.9 -0.1 30.7 -6.9 -13.4 -10.7 -8.7 -7.4 -0.7 1.1 -4.9 : -18.5 -18.2 -18.6 -28.1 -28.3 -58.5 -2.7 11.2 -7.2 8.3 -10.0 -7.6 19.1 -6.9 -24.1 -17.1 -1.2 7.0 -9.7 4.6 15.3 -7.6 -16.5 -13.9 0.5 -17.0 -7.4 -2.7 -5.9 : -35.6 -24.4 -34.8 -9.6 -8.8 -36.8 23.4 20.5 -31.6 -5.0 -11.3 -1.8 5.1 -11.9 -26.9 1.7 -11.2 -8.9 -15.5 5.0 22.8 -4.6 -12.4 -5.7 -11.9 -11.1 5.5 6.9 -8.1 : -20.7 -19.3 -14.5 -20.9 -32.3 -65.8 0.2 16.8 0.0 6.9 -5.6 -5.5 12.5 -3.4 -29.5 -18.1 3.4 16.7 -16.6 7.2 22.9 -7.0 -19.0 -13.3 1.3 -23.3 -3.2 -3.4 -5.3 : -31.4 -32.2 -34.6 -6.8 -12.0 -38.5 25.1 24.1 -30.6 -2.1 2.8 -1.7 -3.0 -12.4 -22.8 2.0 -5.3 -8.3 -32.2 7.4 34.0 -6.2 -11.4 2.9 -3.7 -10.6 2.3 7.8 -8.6 : -33.1 -19.4 -12.5 -24.7 -35.1 -61.8 -1.0 2.2 1.1 9.0 -8.4 0.9 9.7 -1.2 -25.9 -11.5 -2.6 20.4 -12.9 13.9 9.1 -5.6 -17.5 -13.3 1.1 -13.0 -4.9 -3.8 5.4 : -45.8 -26.6 -35.2 -12.0 -13.5 -31.2 22.2 25.2 -29.5 -4.7 -18.0 0.1 1.8 -10.7 -18.9 5.8 -7.0 17.9 -21.9 10.0 35.6 -2.9 -9.3 5.7 -7.6 -7.7 10.2 14.2 8.8 : -9.5 -17.3 -12.6 -14.7 -38.5 -52.1 6.3 12.1 2.0 4.5 -8.3 1.4 3.1 4.0 -32.0 -12.3 0.2 22.8 -0.2 14.5 16.6 -6.3 -18.5 -10.7 -1.5 -15.1 -8.9 -4.7 3.5 : -34.1 -34.2 -34.3 -10.2 -13.1 -43.0 18.8 26.9 -23.7 -4.9 -8.2 0.3 4.9 -9.7 -20.8 3.3 -8.1 4.6 -21.0 -2.3 38.0 -9.0 -15.9 -2.4 -0.6 -1.4 5.8 -6.3 9.9 : -19.7 -32.3 -11.5 -18.6 -35.7 -41.8 7.7 18.1 -3.4 11.1 -7.3 8.1 10.4 4.0 -26.1 -9.6 2.7 12.7 -5.0 18.8 7.7 -11.4 -22.8 -12.2 -0.6 -18.3 -9.5 -7.4 6.9 : -26.5 -44.7 -37.1 -9.0 -14.1 -26.0 17.3 25.5 -24.4 2.1 -7.9 0.1 -9.4 -9.1 -19.2 8.7 -8.6 5.9 -38.4 9.4 24.7 -8.6 -16.3 -8.4 -9.1 2.0 3.4 -14.0 11.6 : -7.8 -18.7 -11.5 -19.0 -37.6 -54.6 9.3 15.0 -9.9 4.3 5.6 -4.7 -0.2 -3.6 -26.1 -9.1 -5.9 1.6 6.6 12.8 14.0 -8.7 -20.4 -13.2 2.3 -12.8 -11.5 -9.3 2.4 : -30.7 -30.1 -38.9 -12.2 -14.2 -33.4 17.8 20.9 -27.3 -2.3 -14.1 0.8 -6.2 -8.9 -24.7 7.8 -4.0 3.2 -23.3 6.2 30.3 TREND OF ACTIVITY COMPARED WITH PRECEDING MONTHS (Question 1) Value 2013 Max. Date Value Jun Jul Aug 21 TABLE 7: Monthly survey of financial services sector (a) Since 04/2006 Min. Max. Ave. Date Value Date Value FINANCIAL SERVICES (b) CONFIDENCE INDICATOR 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 12.8 11.1 9.7 8.2 10.8 9.2 18.0 16.0 6.1 5.6 7.9 6.2 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 2013 Jun 7.5 -1.4 9.6 1.1 6.8 -3.4 6.2 -2.0 4.1 0.7 2.6 -3.2 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 7.1 1.7 10.3 5.4 7.4 3.2 3.5 -3.4 0.8 -3.8 10.8 3.9 8.7 5.2 7.2 4.8 7.0 3.7 12.0 7.1 -7.4 -11.0 -1.9 -4.8 14.2 11.3 11.6 8.8 10.6 6.3 20.5 19.0 7.7 1.9 4.9 -2.8 16.7 8.6 14.6 5.1 15.6 8.4 19.9 12.2 5.5 1.3 4.0 -2.1 12.7 4.9 13.9 6.4 11.5 2.9 12.9 5.3 11.1 4.8 5.3 -4.2 13.2 6.9 11.9 4.5 16.9 11.9 11.0 4.4 8.6 0.2 4.6 -3.3 14.2 11.0 15.2 15.3 11.6 10.4 15.7 7.2 8.5 4.4 10.2 2.6 13.8 8.5 13.6 10.6 11.2 5.9 16.4 8.9 4.0 2.3 7.2 -1.8 10.9 2.8 10.1 1.9 8.9 -0.8 13.9 7.4 5.8 -0.6 9.9 0.8 16.1 10.9 12.1 6.9 15.7 9.6 20.5 16.0 6.6 3.3 12.9 8.0 21.9 17.1 21.4 16.4 19.3 14.1 25.0 20.8 4.5 -3.6 11.4 3.6 (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 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 the Directorate-General Financial and Economic Affairs (DG ECFIN), Unit Economic situation, forecasts, business and consumer surveys (A4), Sector Business and consumer surveys and short-term forecast. To obtain additional information regarding these survey results you can contact the European Commission at the following addresses: Mail: European Commission DG ECFIN / Unit A4 200, Rue de La Loi B-1049 Brussels Email: [email protected] Website: http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm Upcoming releases: Flash Consumer Confidence Indicator 20 June 2014 Economic Sentiment Indicator 27 June 2014 Business Climate Indicator for the euro area 27 June 2014
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