European Commission

Press release

Brussels, 28 June 2012

June 2012: Business Climate Indicator continues to decrease in June

Brussels, 28 June 2012 - In June 2012, the Business Climate Indicator (BCI) for the euro area decreased by 0.15 points to 0.94. The decline was mainly driven by a more negative assessment of production expectations, past production, overall order books and export 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).

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).