The Business Climate Indicator (BCI) for the Euro Area decreased by 0.22 points to 0.82 in December 2018, well below market expectations of 0.99. It was the lowest reading since March 2017 as managers' assessment of both past and expected production deteriorated markedly, as did their appraisal of both their overall and export order books. In addition, their views on the stocks of finished products worsened to some extent. 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 -3.28 Index Points in March of 2009.

Business Confidence in Euro Area is expected to be 0.75 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Euro Area to stand at 1.10 in 12 months time. In the long-term, the Euro Area Business Climate Indicator is projected to trend around 1.00 Index Points in 2020, according to our econometric models.

Euro Area Business Climate Indicator
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Calendar GMT Actual Previous Consensus TEForecast
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 1.09 1.01 0.96 1.05
2019-01-08 10:00 AM Business Confidence 0.82 1.04 0.99 1.1
2019-01-30 10:00 AM Business Confidence 0.82
2019-02-27 10:00 AM Business Confidence
2019-03-28 10:00 AM Business Confidence 0.7


Euro Area Business Last Previous Highest Lowest Unit
Business Confidence 0.82 1.04 1.62 -3.28 Index Points [+]
Manufacturing PMI 51.40 51.80 60.60 33.50 [+]
Services PMI 51.20 53.40 58.30 39.20 Index Points [+]
Composite Pmi 51.10 52.70 58.80 45.70 Index Points [+]
Industrial Production -3.30 1.20 9.60 -21.30 percent [+]
Industrial Production Mom -1.70 0.10 3.30 -3.90 percent [+]
Manufacturing Production -3.10 1.50 10.00 -21.80 percent [+]
Capacity Utilization 83.90 84.10 85.30 69.60 percent [+]
Changes In Inventories 24.92 14.80 25.09 -27.31 EUR Billion [+]
Zew Economic Sentiment Index -20.90 -21.00 89.90 -63.70 [+]
Car Registrations 884.46 862.12 1169.19 669.00 Thousand [+]
Mining Production -8.20 -5.40 42.30 -27.80 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.82 1.04 1.62 -3.28 1985 - 2018 Index Points Monthly
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Country Last Previous
Australia 3.00 Nov/18
Brazil 63.80 Dec/18
Canada 59.70 Dec/18
China 49.40 Dec/18
Euro Area 0.82 Dec/18
France 104.00 Dec/18
Germany 101.00 Dec/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 103.60 Dec/18
Japan 19.00 Dec/18
Mexico 49.20 Dec/18
Netherlands 7.50 Dec/18
Russia -8.00 Dec/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 31.00 Dec/18
South Korea 71.00 Dec/18
Spain -2.70 Dec/18
Switzerland 96.30 Dec/18
Turkey 91.50 Dec/18
United Kingdom -16.00 Dec/18
United States 54.10 Dec/18


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