Fuente: © European Union
http://europa.eu.int

EU:July 2008: Business Climate Indicator for the euro area declines further in July

/noticias.info/ The Business Climate Indicator (BCI) for the euro area continued to decline and now stands below its long-term average. The low level of the indicator suggests that economic activity in industry, which saw a fall in production in May, remains subdued.

All the five underlying components of the BCI registered a decrease. Industrial managers' production expectations and their appraisal of total order books deteriorated most, but their assessment of production trend observed in recent months and export order books also declined significantly. Their assessment of stocks of finished products worsened only slightly.

[ Figures and graphics available in PDF and WORD PROCESSED ]

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).

[ Figures and graphics available in PDF and WORD PROCESSED ]

Full details of the Business Climate Indicator are available on the Europa website:

http://ec.europa.eu/economy_finance/db_indicators/db_indicators8650_en.htm

The next BCI Results are due to be published on 29 August 2008. notas_de_prensa_archivo