Euro area Business Climate Indicator (BCI) continued upward trend in October 2013

Brussels, Belgium, 30-10-2013 — /EuropaWire/ — In October 2013, the Business Climate Indicator (BCI) for the euro area continued the upward trend that started in May 2013. It increased by 0.18 points to 0.01, close to its historic long-term average. The assessments of past production, the level of overall order books and production expectations improved markedly. Also the level of export order books and the stocks of finished products were appraised more positively.

Euro area Business Climate Indicator (BCI) continued upward trend in October 2013 - Table 1

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).

Euro area Business Climate Indicator (BCI) continued upward trend in October 2013 - Table 2

The next BCI results are due to be published on 28 November 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

Flash estimate Final release EU, euro area and Member States
November 2013 21 November 2013 28 November 2013
December 2013 20 December 2013 9 January 2014
January 2014 23 January 2014 30 January 2014

 

Contacts :
Simon O’Connor (+32 2 296 73 59)
Audrey Augier (+32 2 297 16 07)
Vandna Kalia (+32 2 299 58 24)
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