The Business Climate Indicator in the Euro Area increased to -1.33 in August 2020, recovering from an over decade low reached in May, but remaining well below pre-pandemic levels as the bloc's economy gradually recovers from the coronavirus shock.
Business Confidence in the Euro Area averaged 0 points from 1985 until 2020, reaching an all time high of 1.63 points in January of 2018 and a record low of -3.21 points in May of 2009. This page provides the latest reported value for - Euro Area Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Business Climate Indicator - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: European Commission
Business Confidence in Euro Area is expected to be -1.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Euro Area to stand at 0.50 in 12 months time. In the long-term, the Euro Area Business Climate Indicator is projected to trend around -0.10 points in 2021 and 0.20 points in 2022, according to our econometric models.