European Economic Sentiment Indicator (ESI) 

ESI is not like PMI where above 50 is growth, instead we look at the long term trend line and wether europa is forecasted to grow above or below long term trend.

| Survey - Confidence Indicator | Weight |
| (INDU) Industrial             | 40%    |
| (SERV) Service                | 30%    |
| (CONS) Consumer               | 20%    |
| (RETA) Retail Trade           | 5%     |
| (BUIL) Construction           | 5%     |
| (ESI)                         | 100%   |


INDU = Equivalent of ISM PMI
SERV = Equivalent of ISM NMI
CONS = Equivalent of UMCSI
BUIL = Equivalent of Building Permits


Source:
Release on the last business of each month for the same month