Business Confidence In the Euro Area increased to 1.80 points in November from 1.75 points in October of 2021. source: European Commission

Business Confidence in the Euro Area averaged 0 points from 1985 until 2021, reaching an all time high of 1.85 points in July of 2021 and a record low of -3.19 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 December of 2021.

Business Confidence in Euro Area is expected to be 0.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Business Climate Indicator is projected to trend around 1.00 points in 2022 and 0.70 points in 2023, according to our econometric models.

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Euro Area Business Climate Indicator

Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 09:25 AM Apr -1.81 -0.28 -1.24
2020-05-28 09:00 AM May -2.43 -1.99 -3

Related Last Previous Unit Reference
Business Confidence 1.80 1.75 points Nov/21
Capacity Utilization 82.10 82.90 percent Dec/21
Services Sentiment 18.40 18.00 Nov/21
Industrial Sentiment 14.10 14.20 Nov/21
Euro Area Business Climate Indicator
The Business Climate Indicator (BCI) is calculated in order to receive a timely composite indicator for the manufacturing sector in the euro area. The indicator uses, as input series, five balances of opinion from the industry survey: production trends in recent months, order books, export order books, stocks and production expectations. The BCI therefore deviates from the industrial confidence indicator, which is based on only three input series. The survey is made by phone and covers 23,000 companies in the Euro Area.