Euro Area Business Climate Indicator - Forecast

Business Confidence in Euro Area is expected to be 1.11 Index 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 1.10 in 12 months time. In the long-term, the Euro Area Business Climate Indicator is projected to trend around 1.00 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Euro Area Business Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 1.21 1.11 0.75 1.15 1.1 1
Manufacturing PMI 53.2 55.9 57.4 55.1 54.5 53.1
Services PMI 54.7 56.4 56.1 55.4 55.1 53.3
Composite Pmi 54.1 57.5 57 56.4 55.1 52.7
Industrial Production 0.9 2.8 2.6 3.2 3 2.4
Industrial Production Mom 1 0.5 0.3 -0.4 -0.6 0.3
Manufacturing Production 1.1 3.8 3.6 4 3.8 3.9
Capacity Utilization 84.1 84.5 84.1 84 84 84.5
Changes In Inventories 15.8 6.8 4.5 7.1 7.5 6
Zew Economic Sentiment Index -7.2 5.1 9.5 10.5 15.4 25
Car Registrations 1169 962 917 932 951 992
Mining Production -8.7 1.6 1.4 1.5 1.4 2.1