The business climate indicator for the Euro Area fell to 1.01 in October of 2018 from 1.21 in each of the previous two months and below market expectations of 1.14. It is the lowest reading since May of 2017. Managers' appraisals of their overall and export orders books deteriorated, as did, to a lesser extent, their assessments of past production and the stocks of finished products. In contrast, managers' production expectations remained virtually unchanged. Business Confidence in the Euro Area averaged 0 Index Points from 1985 until 2018, reaching an all time high of 1.62 Index Points in January of 2018 and a record low of -3.27 Index Points in March of 2009.

Euro Area Business Climate Indicator
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-30 09:00 AM Business Confidence 1.22 1.30 1.28 1.25
2018-09-27 09:00 AM Business Confidence 1.21 1.21 1.19 1.15
2018-10-30 10:00 AM Business Confidence 1.01 1.21 1.14 0.95
2018-11-29 10:00 AM Business Confidence 1.01 1.05


Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 1.01 1.21 1.62 -3.27 Index Points [+]
Manufacturing PMI 52.00 53.20 60.60 33.50 [+]
Services PMI 53.70 54.70 58.30 39.20 Index Points [+]
Composite Pmi 53.10 54.10 58.80 45.70 Index Points [+]
Industrial Production 0.90 1.10 9.20 -21.40 percent [+]
Industrial Production Mom -0.30 1.10 3.20 -4.00 percent [+]
Manufacturing Production 1.10 0.60 10.10 -21.70 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 15.80 9.03 25.28 -27.57 EUR Billion [+]
Zew Economic Sentiment Index -22.00 -19.40 89.90 -63.70 [+]
Car Registrations 731.99 1169.19 1169.19 669.00 Thousand [+]
Mining Production -18.70 -13.00 42.30 -26.80 percent [+]


Euro Area Business Climate Indicator

In Euro Area, the Business Climate Indicator measures the current situation of the businesses and its future prospects. The survey is made by phone and covers 23 000 companies in the Euro Area. The questionnaire focuses on: production trends in recent months, order books, export order books, stocks and production expectations. The indicator is computed through the estimation of a factor-model and summarises the common information contained in the surveys. A rise in the indicator will point to an upswing in activity and an improvement in the business climate. This page provides the latest reported value for - Euro Area Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Business Climate Indicator - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.01 1.21 1.62 -3.27 1985 - 2018 Index Points Monthly
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Country Last
Australia 4.00 Oct/18
Brazil 53.70 Oct/18
Canada 61.80 Oct/18
China 50.20 Oct/18
Euro Area 1.01 Oct/18
France 104.00 Oct/18
Germany 102.80 Oct/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 104.90 Oct/18
Japan 19.00 Sep/18
Mexico 50.70 Oct/18
Netherlands 5.90 Oct/18
Russia -5.00 Oct/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 38.00 Sep/18
South Korea 71.00 Oct/18
Spain -2.50 Oct/18
Switzerland 100.10 Oct/18
Turkey 87.60 Oct/18
United Kingdom -16.00 Dec/18
United States 57.70 Oct/18


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