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Internal Market, Industry, Entrepreneurship and SMEs

Confidence Indicator for the industrial ecosystems

Updated every month and based on data extracted by the Joint Harmonised EU Programme of Business and Consumer Surveys, provides a timely indication of the state of each ecosystem at the EU level.

We build a profile of the economic sentiment for each ecosystem, by calculating a weighted average of the values of those sectors included in the definition of each ecosystem; the weights are based on the share of value added that each sector has in the total value added of the ecosystem, as a measure of the relevance of that sector to that ecosystem.

Key messages of this edition

  • Half of all ecosystems recorded a decrease in confidence
  • Almost half of all ecosystems recorded an increase
  • Three ecosystems (Energy-Renewables, Creative & Cultural Industries, and Digital) remained stable compared to January
  • The largest increase was recorded for Health
  • The largest decrease was recorded for Tourism
  • The drop in confidence for Tourism is driven mostly by the decline in Food and beverage service activities outweighing the increase in other sectors
  • The raise in confidence for Health is driven mostly by the lift in Other manufacturing outweighing the decrease in other sectors

Note: For 'Retail', 'Agrifood', 'Proximity-Social Economy', 'Renewable Energies', and 'Health', data available only partially cover that ecosystem, so we used dashed lines and the related values have to be interpreted with caution