The EU Economic Sentiment Indicator (ESI) rose slightly in September 2025 (EU: +0.6 pts to 95.5; euro area: +0.2 pts to 95.5), while the Employment Expectations Indicator (EEI) fell (EU: -0.9 pts to 97.1; euro area: -1.3 pts to 96.4), with both indicators still below their long-term averages.

• Industry confidence fell -0.1 pts to -10.3 as stronger production expectations partly offset by weaker order book assessments.

• Services confidence eased -0.2 pts to 3.6, supported by stronger demand expectations, though past business assessments deteriorated.

• Consumer confidence increased 0.6 pts to-14.9, with households less pessimistic on future finances and major purchases, while views on past finances and the wider economy were largely unchanged.

• Retail trade confidence fell -1.3 pt to -7.7, reflecting weaker assessments of stocks and past business, though short-term expectations improved.

• Construction confidence was broadly stable, up +0.1 pts to -3.5, with better order book views offset by weaker employment expectations.

• Selling price expectations decreased in industry and services, but increased in construction and held steady in retail; consumers’ 12-month price expectations also declined.

• The Economic Uncertainty Indicator ticked up +0.5 pts to 17.2, with rising uncertainty in services, retail, and households offsetting declines in industry and construction.