Brussels, 8 January 2013
December 2012: Business Climate Indicator increases slightly in December
In December 2012, the Business Climate Indicator (BCI) for the euro area increased slightly by 0.05 points to 1.12. The improvement was driven by more positive assessments of production expectations and order books (overall and export), while managers' assessments of past production and the adequacy of their stocks of finished products remained broadly stable.
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 January 2013.
Full details of the Business Climate Indicator are available on the Europa website:
Scheduled publication dates