Euro Area Business Climate Indicator Increases In June

In June 2013, the Business Climate Indicator (BCI) for the euro area increased by 0.07 points to ‑0.68. While the assessment of past production deteriorated somewhat, managers' appraisal of order books (overall and export) and production expectations improved. Managers' assessment of the 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 2013.

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