Brussels, 30 May 2013
Business Climate Indicator picks up in May
In May 2013, the Business Climate Indicator (BCI) for the euro area increased by 0.28 points to ‑0.76. While production expectations deteriorated slightly, managers' appraisal of the stocks of finished products, order books (overall and export) and past production improved. The latter component saw a particularly sharp increase.
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 27 June 2013.
Full details of the Business Climate Indicator are available on the Europa website:
Scheduled publication dates