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Monitoring Uncertainty in Europe

Giuseppe Mangione and William Connell

Mangione, G. & Connell, W., “Monitoring Uncertainty in Europe,” Single Market Economics Briefs, May 2026, European Commission (2026).

European earnings-call uncertainty

DG GROW uses NL Analytics data to construct uncertainty indicators from English-language earnings calls of EU-27 listed firms. The brief reports general and economic uncertainty, topic-specific indicators and selected EU–US comparisons, with both original and normalized series.

Study coverage
EU-27 public-company earnings calls, with industry comparisons for 2025 Q3 and selected US comparisons.
Data and materials
Average matching sentences per call and normalized uncertainty indices

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