European Financial Stress Index
The CISS (Composite Indicator of Systemic Stress) is a financial system stress index for the Euro area, calculated weekly by the ECB from fifteen market variables.
| Indicator | 02-09-2026 | 01-09-2026 | 31-08-2026 | 28-08-2026 | 27-08-2026 | 26-08-2026 | 25-08-2026 | 24-08-2026 | 21-08-2026 | 20-08-2026 | 19-08-2026 | 18-08-2026 | 17-08-2026 | 14-08-2026 | 13-08-2026 | 12-08-2026 | 11-08-2026 | 10-08-2026 | 07-08-2026 | 06-08-2026 | 05-08-2026 | 04-08-2026 | 03-08-2026 | 31-07-2026 | 30-07-2026 | 29-07-2026 | 28-07-2026 | 27-07-2026 | 24-07-2026 | 23-07-2026 | 22-07-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CISS - Composite Indicator of Systemic Stress | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Latest reading
CISS - Composite Indicator of Systemic Stress stood at 0.03 in Sep 2, 2026. That is +10.6% from Sep 1, 2026 and −4.5% from a year earlier. The series on this page is daily and runs from Jan 8, 1999 to Sep 2, 2026. Source: European Central Bank (ECB Data Portal).
- Latest
- 0.03
- Sep 2, 2026
- vs previous period
- +10.6%
- Sep 1, 2026
- vs a year earlier
- −4.5%
Look up any date
Pick a date between Jan 8, 1999 and Sep 2, 2026 to see every series in this table on that day. If there is no reading that day (weekend, holiday, or a weekly release), the last reading before it is shown.
About this data
The CISS (Composite Indicator of Systemic Stress) is a financial system stress index for the Euro area, calculated weekly by the ECB from fifteen market variables. Five sub-components are aggregated: money markets, Government bonds, Corporate bonds, equities, foreign exchange, and financial intermediaries. The scale ranges from 0 to 1, with values closer to 1 indicating higher stress. The index spikes markedly at exactly four junctures—the 2008 crisis, the 2011-2012 sovereign debt crisis, the March 2020 pandemic, and the 2022 Interest rate shock—making it a useful gauge for distinguishing between routine market noise and genuine systemic stress. Source: European Central Bank (ECB Data Portal).
