Business Climate Indicator increases in July

European Commission

Press release

Brussels, 30 July 2013

Business Climate Indicator increases in July

In July 2013, the Business Climate Indicator (BCI) for the euro area increased by 0.14 points to 0.53. The assessment of past production improved sharply and also production expectations and the level of overall order books were appraised more positively. The assessment of the level of export order books and the stocks of finished products remained broadly 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).

The next BCI results are due to be published on 30 August 2013.

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