Brussels, 27 March 2013
March 2013: Business Climate Indicator decreases
In March 2013, the Business Climate Indicator (BCI) for the euro area decreased by 0.14 points to 0.86. The assessment of current order books (overall and export) and past production declined markedly. Also the assessment of the adequacy of stocks of finished products worsened, albeit to a lesser extent. Production expectations remained virtually 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).