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.