Zone euro Industrial Sentiment

The Euro Area industry confidence indicator slipped to -10.3 in September 2025 from -10.2 in August, though it remained above market expectations of -10.9. Managers reported a sharp improvement in production expectations, while assessments of current order books declined and views on finished product inventories were broadly unchanged. Among the questions not included in the confidence indicator, managers were markedly more pessimistic regarding recent developments in past production, while their assessment of their export order books improved.