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.

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Most recent - Tuesday 30 May 2023 09:00

0.51

Revised

0.51

Forecast

Actual

0.19

Next event - Wednesday 28 June 2023 09:00

0.19

Forecast

Actual

The typical/expected impact on EUR pairs is medium.

There is no forecast value for Business Climate yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Business Climate was 0.19.

Past events

Date

Forecast

Actual

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

Thursday 25 February 2021 10:00

-0.14

Thursday 28 January 2021 10:00

-0.27

Thursday 7 January 2021 10:00

-0.41

Friday 27 November 2020 10:00

-0.63

Thursday 29 October 2020 10:00

-1.96

-0.74

Tuesday 29 September 2020 09:00

-1.38

-1.19

Friday 28 August 2020 09:00

-1.18

-1.33

Thursday 30 July 2020 09:00

-1.8

Monday 29 June 2020 09:00

-3.91

-2.26

Economic context

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

		Previous	Latest
Core Harmonized Index of Consumer Prices (MoM)	Bearish change	1%	0.2%
Core Harmonized Index of Consumer Prices (YoY)	Bearish change	5.6%	5.3%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.6%	0%
Harmonized Index of Consumer Prices (YoY)	Bearish change	7%	6.1%
Unemployment Rate	Bullish change	6.6%	6.5%
30-y Bond Auction	Bullish change	3.81%	3.98%
Unemployment	Bullish change	7.9%	7.8%
HCOB Manufacturing PMI	Bullish change	42.9	43.2
HCOB Manufacturing PMI	Bearish change	46.8	45.9
HCOB Manufacturing PMI	Bearish change	49	48.4
Retail Sales (MoM)	Bullish change	-2.4%	0.8%
Retail Sales (YoY)	Bullish change	-8.6%	-4.3%
Harmonized Index of Consumer Prices (YoY)	Bearish change	7.6%	6.3%
Gross Domestic Product (QoQ)	Bullish change	0.5%	0.6%
Gross Domestic Product (YoY)	Bullish change	1.8%	1.9%
Unemployment Change	Bullish change	24K	9K
Unemployment Rate s.a.	(no change)	5.6%	5.6%
Consumer Confidence	(no change)	-17.4	-17.4
Gfk Consumer Confidence Survey	Bullish change	-25.8	-24.2
Gross Domestic Product (QoQ)	Bearish change	0%	-0.3%
Gross Domestic Product (YoY)	Bearish change	-0.1%	-0.5%
Gross Domestic Product w.d.a (YoY)	Bearish change	0.2%	-0.2%
IFO – Business Climate	Bearish change	93.4	91.7
IFO – Current Assessment	Bearish change	95.1	94.8
IFO – Expectations	Bearish change	91.7	88.6
HCOB Composite PMI	Bearish change	54.1	53.3
HCOB Manufacturing PMI	Bearish change	45.8	44.6
HCOB Services PMI	Bearish change	56.2	55.9
HCOB Composite PMI	Bullish change	54.2	54.3
HCOB Manufacturing PMI	Bearish change	44.5	42.9
HCOB Services PMI	Bullish change	56	57.8
HCOB Composite PMI	Bearish change	52.4	51.4
HCOB Manufacturing PMI	Bullish change	45.6	46.1
Consumer Confidence	Bullish change	-17.5	-17.4

About Business Climate

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

Related events

	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		NBS Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		Gross Domestic Product (QoQ)
	United States		ISM Manufacturing PMI
	United States		Gross Domestic Product Annualized
	United States		Nondefense Capital Goods Orders ex Aircraft
	United States		ISM Services PMI
	United States		Durable Goods Orders
	Australia		S&P Global Manufacturing PMI
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		S&P Global Services PMI
	Australia		AiG Performance of Mfg Index
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		KOF Leading Indicator
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		Caixin Manufacturing PMI
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		S&P Global/BME Manufacturing PMI
	Germany		IFO – Expectations
	Germany		S&P Global/BME Composite PMI
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Germany		Factory Orders s.a. (MoM)
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Composite PMI
	Eurozone		Industrial Production s.a. (MoM)
	Spain		S&P Global Services PMI
	Spain		S&P Global Manufacturing PMI
	France		Gross Domestic Product (QoQ)
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Italy		S&P Global Services PMI
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Industrial Production (YoY)
	Japan		Gross Domestic Product Annualized
	New Zealand		Business NZ PMI
	New Zealand		NZIER Business Confidence (QoQ)
	Poland		Purchasing Manager Index
	United Kingdom		Manufacturing Production (MoM)
	United Kingdom		S&P Global/CIPS Composite PMI
	United Kingdom		Manufacturing Production (YoY)
	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		NIESR GDP Estimate (3M)
	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		Durable Goods Orders ex Defense
	United States		S&P Global Manufacturing PMI
	United States		S&P Global Services PMI
	United States		Chicago Fed National Activity Index
	United States		Factory Orders (MoM)
	United States		ISM Services New Orders Index
	United States		ISM Manufacturing New Orders Index
	United States		Philadelphia Fed Manufacturing Survey
	United States		S&P Global Composite PMI
	United States		Chicago Purchasing Managers' Index
	United States		Durable Goods Orders ex Transportation
	United States		Gross Domestic Product Price Index

Calendar - Business Climate - Eurozone

Business Climate

Most recent - Tuesday 30 May 2023 09:00

Next event - Wednesday 28 June 2023 09:00

Trading range

Trading range after each Business Climate event

Forecast history

Past events

Economic context

About Business Climate

Related events