Brussels, 29 April 2013
Business Climate Indicator declined in April
In April 2013, the Business Climate Indicator (BCI) for the euro area decreased by 0.18 points to 0.93. While the assessment of the stocks of finished products remained broadly stable, all other components deteriorated (current order books (overall and export), past production, production expectations). The assessments of past production and overall current order books witnessed particularly sharp declines.
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 May 2013.
Full details of the Business Climate Indicator are available on the Europa website:
Scheduled publication dates