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Business Climate Indicator increases in October

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10000000000002C90000016B08C91A66In October 2013, the Business Climate Indicator (BCI) for the eurozone 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.

The BCI is based on a factor analysis of the eurozone 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 28 November 2013.

Full details of the Business Climate Indicator are available here.

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