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Business Climate

Business climate indicator, released by European Comission, is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the euro area. It may be interpreted as a survey result: a high level indicates that, overall, the surveys point to a healthy cyclical situation. Conversely, a low level points to an adverse business climate. A rise (a fall) in the indicator will point to an upswing in activity and an improvement (deterioration) in the business climate. Its movement is clearly linked to the industrial production of the euro area.

Most recent - Thursday 28 September 2023 09:00

Previous
-0.33
Revised
-0.41
Forecast
-
Actual
-0.36

Next event - Friday 27 October 2023 09:00

Previous
-0.36
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for Business Climate yet - check back for updates.

Trading range

Announcement history

The most recent announced value for Business Climate was -0.36.

Past events

Date
Forecast
Actual
Thursday 28 September 2023 09:00
-
-0.36
Wednesday 30 August 2023 09:25
-
-0.33
Friday 28 July 2023 09:00
-
-0.09
Thursday 29 June 2023 09:00
-
0.06
Tuesday 30 May 2023 09:00
-
0.19
Thursday 27 April 2023 09:00
-
0.54
Thursday 30 March 2023 09:00
-
0.7
Monday 27 February 2023 10:00
-
0.72
Monday 30 January 2023 10:09
-
0.69
Friday 6 January 2023 10:00
-
0.54
Tuesday 29 November 2022 10:00
-
0.54
Friday 28 October 2022 09:00
-
0.76
Thursday 29 September 2022 09:00
-
0.81
Tuesday 30 August 2022 09:00
-
0.83
Thursday 28 July 2022 09:00
-
1.14
Wednesday 29 June 2022 09:00
-
1.47
Monday 30 May 2022 09:00
-
1.26
Monday 2 May 2022 09:00
-
1.98
Wednesday 30 March 2022 09:00
-
1.67
Friday 25 February 2022 10:00
-
1.79
Friday 28 January 2022 10:00
-
1.81
Friday 7 January 2022 10:00
-
1.84
Monday 29 November 2021 10:00
-
1.8
Thursday 28 October 2021 09:00
-
1.76
Wednesday 29 September 2021 09:00
-
1.72
Monday 30 August 2021 09:00
-
1.75
Thursday 29 July 2021 09:00
-
1.9
Tuesday 29 June 2021 09:00
-
1.71
Friday 28 May 2021 09:00
-
1.5
Thursday 29 April 2021 09:00
-
1.13
Tuesday 30 March 2021 09:00
-
0.3
Thursday 25 February 2021 10:00
-
-0.14
Thursday 28 January 2021 10:00
-
-0.27
Thursday 7 January 2021 10:00
-
-0.41
Friday 27 November 2020 10:00
-
-0.63
Thursday 29 October 2020 10:00
-1.96
-0.74

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next Business Climate result:

PreviousLatest
Consumer Price Index (EU Norm) (YoY)Bullish change5.5%5.7%
Consumer Price Index (YoY)Bearish change5.4%5.3%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.3%0.2%
Core Harmonized Index of Consumer Prices (YoY)Bearish change5.3%4.5%
Harmonized Index of Consumer Prices (MoM)Bearish change0.5%0.3%
Harmonized Index of Consumer Prices (YoY)Bearish change5.2%4.3%
Unemployment ChangeBullish change20K10K
Unemployment Rate s.a.(no change)5.7%5.7%
Consumer Price Index (EU norm) (YoY)Bearish change5.7%5.6%
Retail Sales (MoM)Bearish change-0.8%-1.2%
Retail Sales (YoY)Bearish change-2.2%-2.3%
Consumer Price Index (MoM)(no change)0.3%0.3%
Consumer Price Index (YoY)Bearish change6.1%4.5%
Harmonized Index of Consumer Prices (MoM)Bearish change0.4%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change6.4%4.3%
Consumer Confidence(no change)-17.8-17.8
Economic Sentiment IndicatorBearish change93.693.3
Harmonized Index of Consumer Prices (YoY)Bullish change2.4%3.2%
Gfk Consumer Confidence SurveyBearish change-25.6-26.5
IFO – Business ClimateBearish change85.885.7
IFO – Current AssessmentBearish change8988.7
IFO – ExpectationsBullish change82.782.9
HCOB Composite PMIBullish change46.747.1
HCOB Manufacturing PMIBearish change43.543.4
HCOB Services PMIBullish change47.948.4
HCOB Composite PMIBullish change44.646.2
HCOB Manufacturing PMIBullish change39.139.8
HCOB Services PMIBullish change47.349.8
HCOB Composite PMIBearish change4643.5
HCOB Manufacturing PMIBearish change4643.6
HCOB Services PMIBearish change4643.9
Gross Domestic Product (QoQ)Bullish change0.4%0.5%
Consumer ConfidenceBearish change-16-17.8
Producer Price Index (MoM)Bullish change-1.1%0.3%
Producer Price Index (YoY)Bearish change-6%-12.6%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.3%0.3%
Core Harmonized Index of Consumer Prices (YoY)(no change)5.3%5.3%
Harmonized Index of Consumer Prices (MoM)Bearish change0.6%0.5%

About Business Climate

Country:Eurozone
Currency:EUR
Source:European Commission
Category:Economic Activity
Frequency:Monthly

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