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 - Wednesday 27 March 2024 10:00

Previous
-0.42
Revised
-0.41
Actual
-0.3

Next event - Monday 29 April 2024 09:00

Previous
-0.3
Actual
-

The typical/expected impact on EUR pairs is medium.

Trading range

Announcement history

The most recent announced value for Business Climate was -0.3.

Past events

Date
Actual
Wednesday 27 March 2024 10:00
-0.3
Wednesday 28 February 2024 10:00
-0.42
Tuesday 30 January 2024 10:00
-0.4
Monday 8 January 2024 10:00
-0.45
Wednesday 29 November 2023 10:00
-0.39
Monday 30 October 2023 10:00
-0.33
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

Economic context

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

PreviousLatest
Producer Price Index (MoM)Bullish change-0.4%0.2%
Producer Price Index (YoY)Bullish change-4.1%-2.9%
Core Harmonized Index of Consumer Prices (MoM)(no change)1.1%1.1%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.8%0.8%
ZEW Survey – Current SituationBullish change-80.5-79.2
ZEW Survey – Economic SentimentBullish change31.742.9
ZEW Survey – Economic SentimentBullish change33.543.9
Consumer Price Index (EU Norm) (YoY)Bearish change1.3%1.2%
Consumer Price Index (YoY)Bearish change1.3%1.2%
Industrial Production s.a. (MoM)Bullish change-3%0.8%
Harmonized Index of Consumer Prices (YoY)Bullish change3.2%3.3%
Consumer Price Index (EU norm) (YoY)(no change)2.4%2.4%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Sentix Investor ConfidenceBullish change-10.5-5.9
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-5.3%-4.9%
Industrial Production s.a. (MoM)Bullish change1.3%2.1%
Trade Balance s.a.Bearish change€27.5B€21.4B

About Business Climate

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

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