The Business Climate Indicator for the Euro Area fell by 0.04 points from the previous month to -0.25 in December 2019, the lowest level since August 2013 and below market expectations of -0.16, as managers’ assessments of past production and stocks of finished products declined sharply. Also, their assessments of overall order books and export order books worsened, while production expectations improved firmly.

Business Confidence in the Euro Area averaged 0 points from 1985 until 2019, reaching an all time high of 1.64 points in January of 2018 and a record low of -3.32 points in March of 2009. 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. source: European Commission

Business Confidence in Euro Area is expected to be -0.12 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 1.00 in 12 months time. In the long-term, the Euro Area Business Climate Indicator is projected to trend around 0.75 points in 2020, according to our econometric models.


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Euro Area Business Climate Indicator

Actual Previous Highest Lowest Dates Unit Frequency
-0.25 -0.21 1.64 -3.32 1985 - 2019 points Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 09:00 AM Sep -0.22 0.12 0.11 0.19
2019-10-30 10:00 AM Oct -0.19 -0.23 -0.24 0.14
2019-11-28 10:00 AM Nov -0.23 -0.20 -0.14 -0.16
2020-01-08 10:00 AM Dec -0.25 -0.21 -0.16 -0.10
2020-01-30 10:00 AM Jan -0.25 -0.2 -0.18


News Stream
2019-11-28
Eurozone Business Climate Indicator Falls
The Business Climate Indicator for the Euro Area fell slightly by 0.03 points from the previous month to -0.23 in November 2019, missing market expectations of -0.14, as managers’ assessments of overall order books and, in particular, past production deteriorated. Meanwhile, their production expectations and assessments of the stocks of finished products improved.

2019-10-30
Eurozone Business Climate Slightly Above Forecast
The Business Climate Indicator for the Euro Area rose slightly by 0.04 points from the previous month to -0.19 in October 2019, beating market expectations of -0.24. While managers’ assessments of the stocks of finished products and overall order books remained broadly stable, their views on past production improved sharply, as did, to a lesser extent their assessments of export order books. Only managers’ production expectations deteriorated.

2019-09-27
Eurozone Business Climate Indicator at 6-Year Low
The Business Climate Indicator for the Euro Area dropped by 0.34 points from the previous month to -0.22 in September 2019, the lowest level since August 2013 and below market expectations of 0.11. All the components of the BCI worsened. The decline was particularly sharp in managers’ assessments of past production, export order books and overall order books. Albeit to a lesser extent, also their production expectations, as well as their views on stocks of finished products deteriorated markedly.

2019-08-29
Eurozone Business Climate Indicator Up in August
The Business Climate Indicator (BCI) for the Euro Area increased by 0.22 points to +0.11 in August 2019, beating market expectations of +0.08. Managers’ assessments of past production and of export order books improved sharply, as well as their production expectations, views on overall order books and the level of stocks of finished products.

2019-07-30
Eurozone Business Climate Slumps to 6-Year Low
The Business Climate Indicator (BCI) for the Euro Area declined by 0.29 points to -0.12 in July 2019, missing market expectations of 0.08. That was the lowest reading since September 2013, as managers’ assessments of past production, their production expectations, as well as their views on overall and export order books deteriorated. Only their assessment of the level of stocks improved.

2019-06-27
Eurozone Business Climate Worsens to 4-1/2-Year Low
The Business Climate Indicator (BCI) for the Euro Area declined to 0.17 in June 2019 from 0.30 in the previous month and below market expectations of 0.23. That was the lowest reading since October 2014, as managers’ production expectations, as well as their views on overall and export order books and the level of stocks deteriorated. Only the assessments of past production improved.


Euro Area Business Climate Indicator
The Business Climate Indicator (BCI) is calculated in order to receive a timely composite indicator for the manufacturing sector in the euro area. The indicator uses, as input series, five balances of opinion from the industry survey: production trends in recent months, order books, export order books, stocks and production expectations. The BCI therefore deviates from the industrial confidence indicator, which is based on only three input series. The survey is made by phone and covers 23,000 companies in the Euro Area.

Euro Area Business Last Previous Highest Lowest Unit
Business Confidence -0.25 -0.21 1.64 -3.32 points [+]
Services PMI 52.20 52.80 58.30 39.20 points [+]
Manufacturing PMI 47.80 46.30 60.60 33.50 points [+]
Composite Pmi 50.90 50.90 58.80 45.70 points [+]
Industrial Production -1.50 -2.60 9.70 -21.40 percent [+]
Industrial Production Mom 0.20 -0.90 3.30 -4.00 percent [+]
Manufacturing Production -1.60 -2.70 10.00 -21.70 percent [+]
Capacity Utilization 81.20 81.90 85.30 69.60 percent [+]
Changes In Inventories -0.63 10.14 29.74 -23.13 EUR Billion [+]
Zew Economic Sentiment Index 25.60 11.20 89.90 -63.70 [+]
Car Registrations 1012.92 940.40 1147.81 672.70 Thousand [+]
Industrial Sentiment -9.30 -9.10 10.20 -37.70 [+]
Mining Production -3.10 -5.80 42.30 -27.80 percent [+]
Services Sentiment 11.40 9.20 35.30 -25.20 [+]