The index measuring services confidence in the Euro Area inched down by 0.2 percentage points to 5.6 in December of 2025, slightly under market expectations that it would rise to a 14-month high of 5.9. Still, the result reflected a magnitude of confidence in the sector that was firmly above the average from the previous year. The assessment of the business situation over the last three months softened but remained positive (0.1 vs 0.9 in November), aligned with a less-optimistic outlook for demand in the upcoming quarter (5.2 vs 5.8).