Euro Area Business Climate Indicator Increased Slightly In May

In May 2014 the Business Climate Indicator (BCI) for the euro area increased slightly by 0.09 points to +0.37. Managers' evaluation of the past production improved markedly, while production expectations, overallorder books and export order books booked more moderate increases. Managers' views on stocks of finished products remained broadly unchanged.

The BCI is based on a factor analysis of the euro area aggregate balances (seasonally adjusted) of five of the monthly questions in the industry survey (only employment and selling-price expectations are excluded).

The next BCI results are due to be published on 27 June 2014.

Full details of the Business Climate Indicator are available on the Europa website:

http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm

Scheduled publication dates