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 30 October 2024 10:00

Previous
-0.76
Revised
-
Actual
-0.96

Next event - Thursday 28 November 2024 10:00

Previous
-0.96
Actual
-

The typical/expected impact on EUR pairs is medium.

Trading range

Announcement history

The most recent announced value for Business Climate was -0.96.

Past events

Date
Actual
Wednesday 30 October 2024 10:00
-0.96
Friday 27 September 2024 09:00
-0.76
Thursday 29 August 2024 09:00
-0.62
Tuesday 30 July 2024 09:00
-0.61
Thursday 27 June 2024 09:00
-0.46
Thursday 30 May 2024 09:00
-0.39
Monday 29 April 2024 09:00
-0.53
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

Economic context

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

PreviousLatest
HCOB Manufacturing PMIBearish change4645.2
HCOB Composite PMIBearish change5048.1
HCOB Services PMIBearish change51.649.2
HCOB Composite PMIBearish change48.647.3
HCOB Manufacturing PMIBullish change4343.2
HCOB Services PMIBearish change51.649.4
HCOB Composite PMIBearish change48.144.8
HCOB Manufacturing PMIBearish change44.543.2
HCOB Services PMIBearish change49.245.7
Gross Domestic Product (QoQ)Bearish change0.2%0.1%
Gross Domestic Product (YoY)Bearish change-0.2%-0.3%
Gross Domestic Product w.d.a (YoY)Bearish change0.2%0.1%
Consumer ConfidenceBullish change-12.5-12.4
Producer Price Index (MoM)Bullish change-0.5%0.2%
Producer Price Index (YoY)Bullish change-1.4%-1.1%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.3%0.3%
Consumer Price Index (EU Norm) (YoY)(no change)1%1%
Consumer Price Index (YoY)(no change)0.9%0.9%
Consumer Price Index (EU norm) (YoY)Bullish change1.5%1.6%
Industrial Production s.a. (MoM)Bearish change1.5%-2%
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)(no change)0.4%0.4%
Gross Domestic Product s.a. (YoY)(no change)0.9%0.9%
Harmonized Index of Consumer Prices (YoY)(no change)1.8%1.8%
ZEW Survey – Current SituationBearish change-86.9-91.4
ZEW Survey – Economic SentimentBearish change13.17.4
ZEW Survey – Economic SentimentBearish change20.112.5
Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%

About Business Climate

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

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