May 2012: Business Climate Indicator continues to decrease in May

European Commission - Press release

May 2012: Business Climate Indicator continues to decrease in May

Brussels, 30 May 2012 - - In May 2012, the Business Climate Indicator (BCI) for the euro area decreased by 0.26 points to -0.77. The decline was driven by a more negative assessment of all components (i.e. past production, production expectations, overall order books, export order books and stocks of finished products).

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:

http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm

The next BCI Results are due to be published on 28 June 2012.