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.