Eurozone Services Sentiment

The services sentiment indicator in the Eurozone rose to 5.9 in December 2024 from 5.3 in the previous month, slightly above market expectations of 5.8. The assessment of the business situation over the past three months turned positive (0.8 vs -0.4 in November). Meanwhile, the expectations for the next three months worsened for demand (9.9 vs 11), as well as employment (2 vs 3.3). The selling price expectations significantly increased in the services sector, with the share of managers expecting price hikes now exceeding the long-term average.