July 2012: Business Climate Indicator continues its decrease

European Commission

Press release

Brussels, 30 July 2012

July 2012: Business Climate Indicator continues its decrease

In July 2012, the Business Climate Indicator (BCI) for the euro area decreased by 0.32 points to ‑1.27. The decline was driven by deteriorations in all five components. The steepest decreases occurred in managers' assessment of past production and export order books. Production expectations and the assessment of overall order books and the adequacy of stocks of finished products also deteriorated.

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 30 August 2012.

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

Scheduled publication dates