European Commission - Press release
April 2012: Business Climate Indicator continued to decrease in April
Brussels, 26 April 2012 - In April 2012, the Business Climate Indicator (BCI) for the euro area decreased by 0.24 points to -0.52. The decline was mainly driven by a more negative assessment of export order books, production expectations, past production and overall order books. Managers' assessment of their stocks of finished products remained broadly unchanged.
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).
Full details of the Business Climate Indicator are available on the Europa website:
The next BCI Results are due to be published on 30 May 2012.