Brussels, 30 October 2012
October 2012: Business Climate Indicator continues to decrease in October
In October 2012, the Business Climate Indicator (BCI) for the euro area decreased by 0.28 points to 1.62. The decline was driven by markedly worsened assessments of order books (overall and export) and past production. Managers' production expectations and their assessment of the adequacy of their stocks of finished products also worsened.
The BCI is based on a factor analysis of the euro area aggregate balances (seasonally adjusted) of five of the monthly questions in the industry survey (only employment and selling-price expectations are excluded).
The next BCI results are due to be published on 29 November 2012.
Full details of the Business Climate Indicator are available on the Europa website:
Scheduled publication dates