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 - Thursday 28 November 2024 10:00

Previous
-0.93
Revised
-0.93
Actual
-0.77

Next event - Wednesday 8 January 2025 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 -0.77.

Past events

Date
Actual
Thursday 28 November 2024 10:00
-0.77
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

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:

PreviousLatest
Consumer ConfidenceBearish change-13.7-14.5
Producer Price Index (MoM)Bullish change0.2%0.5%
Producer Price Index (YoY)Bullish change-1.1%0.1%
GfK Consumer Confidence SurveyBullish change-23.1-21.3
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.6%-0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.8%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)-0.3%-0.3%
ZEW Survey – Current SituationBearish change-91.4-93.1
ZEW Survey – Economic SentimentBullish change7.415.7
ZEW Survey – Economic SentimentBullish change12.517
IFO – Business ClimateBearish change85.684.7
IFO – Current AssessmentBullish change84.385.1
IFO – ExpectationsBearish change8784.4
Consumer Price Index (EU Norm) (YoY)Bearish change1.6%1.5%
Consumer Price Index (YoY)Bearish change1.4%1.3%
HCOB Composite PMIBullish change48.349.5
HCOB Manufacturing PMI(no change)45.245.2
HCOB Services PMIBullish change49.551.4
HCOB Composite PMIBullish change47.247.8
HCOB Manufacturing PMIBearish change4342.5
HCOB Services PMIBullish change49.351
HCOB Composite PMIBullish change45.946.7
HCOB Manufacturing PMIBearish change43.141.9
HCOB Services PMIBullish change46.948.2
Industrial Production s.a. (MoM)Bullish change-1.5%0%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Consumer Price Index (EU norm) (YoY)(no change)1.7%1.7%
Trade Balance s.a.Bearish change€17B€13.4B
Harmonized Index of Consumer Prices (MoM)(no change)-0.7%-0.7%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Sentix Investor ConfidenceBearish change-12.8-17.5

About Business Climate

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

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