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 - Tuesday 30 January 2024 10:00

Previous
-0.5
Revised
-0.5
Actual
-0.4

Next event - Wednesday 28 February 2024 10:00

Previous
-
Actual
-

The typical/expected impact on EUR pairs is medium.

Trading range

Announcement history

The most recent announced value for Business Climate was -0.4.

Past events

Date
Actual
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
Tuesday 30 March 2021 09:00
0.3

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
IFO – Business ClimateBullish change85.285.5
IFO – Current Assessment(no change)86.986.9
IFO – ExpectationsBullish change83.584.1
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product (QoQ)(no change)-0.3%-0.3%
Gross Domestic Product w.d.a (YoY)(no change)-0.4%-0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)3.3%3.3%
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.9%-0.9%
Harmonized Index of Consumer Prices (MoM)(no change)-0.4%-0.4%
HCOB Services PMIBullish change48.450
HCOB Manufacturing PMIBearish change46.646.1
HCOB Composite PMIBullish change47.948.9
Consumer Price Index (EU Norm) (YoY)(no change)0.9%0.9%
Consumer Price Index (YoY)(no change)0.8%0.8%
HCOB Services PMIBullish change47.748.2
HCOB Manufacturing PMIBearish change45.542.3
HCOB Composite PMIBearish change4746.1
HCOB Manufacturing PMIBullish change43.146.8
HCOB Services PMIBullish change45.448
HCOB Composite PMIBullish change44.647.7
Consumer ConfidenceBullish change-16.1-15.5
Consumer Price Index (EU norm) (YoY)(no change)3.4%3.4%
Harmonized Index of Consumer Prices (YoY)(no change)3.5%3.5%
Gross Domestic Product s.a. (QoQ)(no change)0%0%
Gross Domestic Product s.a. (YoY)(no change)0.1%0.1%
Employment Change (QoQ)Bullish change0.2%0.3%
Industrial Production s.a. (MoM)Bullish change0.4%2.6%
ZEW Survey – Economic SentimentBullish change22.725
ZEW Survey – Current SituationBearish change-77.3-81.7
ZEW Survey – Economic SentimentBullish change15.219.9

About Business Climate

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

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