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Business Climate Indicator broadly flat in August

European Commission

Press release

Brussels, 28 August 2014

Business Climate Indicator broadly flat in August

In August 2014 the Business Climate Indicator (BCI) for the euro area remained broadly flat (at +0.16) compared to July (+0.17). Managers’ more optimistic appraisals of past production and, to a lesser extent, export order books were offset by a marked decrease in their assessment of expected production. Managers’ views on the level of stocks of finished products and overall order books remained broadly unchanged.

The BCI is based on a factor analysis of the euro area aggregate balances (seasonally adjusted) of five of the monthly questions in the industry survey (only employment and selling-price expectations are excluded).

The next BCI results are due to be published on 29 September 2014.

Full details of the Business Climate Indicator are available on the Europa website:


Scheduled publication dates

Flash estimate

Final release EU, euro area and Member States

September 2014

22 September 2014

29 September 2014

October 2014

23 October 2014

30 October 2014

November 2014

20 November 2014

27 November 2014

Contacts :

Simon O’Connor (+32 2 296 73 59)

Vandna Kalia (+32 2 299 58 24)

Audrey Augier (+32 2 297 16 07)

For the public: Europe Direct by phone 00 800 6 7 8 9 10 11 or by


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