The Business Climate Indicator for the Euro Area fell to -2.43 in May 2020 from a revised -1.99 in the previous month. It was the lowest reading since September 2009, as the coronavirus crisis hit sentiment.

Business Confidence in the Euro Area averaged 0 points from 1985 until 2020, reaching an all time high of 1.64 points in January of 2018 and a record low of -3.25 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. Euro Area Business Climate Indicator - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: European Commission

Business Confidence in Euro Area is expected to be -2.00 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 -0.30 in 12 months time. In the long-term, the Euro Area Business Climate Indicator is projected to trend around -0.10 points in 2021 and 0.20 points in 2022, according to our econometric models.

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Euro Area Business Climate Indicator

Actual Previous Highest Lowest Dates Unit Frequency
-2.43 -1.99 1.64 -3.25 1985 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-27 10:00 AM Feb -0.04 -0.19 -0.28 -0.27
2020-03-30 09:00 AM Mar -0.28 -0.06 -0.05 -0.6
2020-04-29 09:25 AM Apr -1.81 -0.28 -1.24
2020-05-28 09:00 AM May -2.43 -1.99 -3
2020-06-29 09:00 AM Jun -2.43 -2
2020-07-30 09:00 AM Jul
2020-08-28 09:00 AM Aug
2020-09-29 09:00 AM Sep -1.3


News Stream
Eurozone Business Climate Indicator at 6-Month High
The Business Climate Indicator for the Euro Area increased by 0.15 points from the previous month to -0.04 in February 2020, the highest since last August and well above market expectations of -0.28.
2020-02-27
Eurozone Business Climate Improves Less than Forecast
The Business Climate Indicator for the Euro Area increased slightly by 0.09 points from the previous month to -0.23 in January 2020, still below market expectations of -0.19. Managers’ production expectations and assessment of the stocks of finished products rose sharply, while their views on past production, export order books and overall order books improved to a lesser extent.
2020-01-30
Eurozone Business Climate at Over 6-Year Low
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.
2020-01-08
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.
2019-11-28

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.