Brussels, 28 August 2014
Business Climate Indicator broadly flat in August
In August 2014 the Business Climate Indicator (BCI) for the euro area remained broadly flat (at +0.16) compared to July (+0.17). Managers' more optimistic appraisals of past production and, to a lesser extent, export order books were offset by a marked decrease in their assessment of expected production. Managers' views on the level of stocks of finished products and overall order books 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 29 September 2014.
Full details of the Business Climate Indicator are available on the Europa website:
Scheduled publication dates