The Business Climate Indicator is a monthly survey conducted by the European Commission that gauges the sentiment of managers in the manufacturing sector across the Eurozone. It focuses on production trends, order books, and stocks of finished products to assess the overall industrial health. A rising index suggests improving business conditions and potential for future economic growth within the region.
The indicator is derived from a factor analysis of five qualitative questions from the industry survey. These questions cover production trends, order books, export order books, stocks, and production expectations.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 24, 2026 | — | 93.00 | — |
| Aug 21, 2026 | 98.00 | 98.00 | 0.00 |
| Jul 23, 2026 | 97.00 | 95.00 | +2.00 |
| Jun 23, 2026 | 94.00 | 95.00 | -1.00 |
| May 22, 2026 | 93.00 | 94.00 | -1.00 |
| Apr 23, 2026 | 94.00 | 96.00 | -2.00 |
| Mar 26, 2026 | 97.00 | 94.00 | +3.00 |
| Feb 24, 2026 | 97.00 | 99.00 | -2.00 |
| Jan 23, 2026 | 99.00 | 99.00 | 0.00 |
| Dec 18, 2025 | 99.00 | 97.00 | +2.00 |
| Nov 21, 2025 | 98.00 | 98.00 | 0.00 |
| Oct 23, 2025 | 97.00 | 94.00 | +3.00 |
| Sep 19, 2025 | 96.00 | 95.00 | +1.00 |
| Aug 22, 2025 | 96.00 | 95.00 | +1.00 |
| Jul 24, 2025 | 96.00 | 95.00 | +1.00 |
| Jun 20, 2025 | 96.00 | 95.00 | +1.00 |
| May 22, 2025 | 96.00 | 95.00 | +1.00 |
| Apr 25, 2025 | 96.00 | 96.00 | 0.00 |
| Mar 21, 2025 | 97.00 | 95.00 | +2.00 |
| Feb 21, 2025 | 96.00 | 94.00 | +2.00 |
| Jan 23, 2025 | 95.00 | 93.00 | +2.00 |
| Dec 19, 2024 | 94.00 | 96.00 | -2.00 |
| Nov 21, 2024 | 96.00 | 97.00 | -1.00 |
| Oct 24, 2024 | 97.00 | 99.00 | -2.00 |
| Sep 20, 2024 | 98.00 | 98.00 | 0.00 |
| Aug 23, 2024 | 97.00 | 96.00 | +1.00 |
| Jul 25, 2024 | 94.00 | 98.00 | -4.00 |
| Jun 21, 2024 | 99.00 | 98.00 | +1.00 |
| May 24, 2024 | 99.00 | 100.00 | -1.00 |
| Apr 25, 2024 | 99.00 | 100.00 | -1.00 |
| Mar 21, 2024 | 100.00 | 97.00 | +3.00 |
| Feb 22, 2024 | 98.00 | 99.00 | -1.00 |
| Jan 25, 2024 | 98.00 | 98.00 | 0.00 |
| Dec 21, 2023 | 98.00 | 97.00 | +1.00 |
| Nov 23, 2023 | 97.00 | 96.00 | +1.00 |
| Oct 19, 2023 | 98.00 | 99.00 | -1.00 |
| Sep 21, 2023 | 100.00 | 99.00 | +1.00 |
| Aug 24, 2023 | 99.00 | 100.00 | -1.00 |
| Jul 20, 2023 | 100.00 | 99.00 | +1.00 |
| Jun 22, 2023 | 100.00 | 98.00 | +2.00 |
| May 25, 2023 | 100.00 | 101.00 | -1.00 |
| Apr 20, 2023 | 102.00 | 104.00 | -2.00 |
| Mar 28, 2023 | 103.00 | 103.00 | 0.00 |
| Feb 22, 2023 | 103.00 | 103.00 | 0.00 |
| Jan 24, 2023 | 102.00 | 103.00 | -1.00 |
| Dec 15, 2022 | 102.00 | 101.00 | +1.00 |
| Nov 24, 2022 | 102.00 | 100.00 | +2.00 |
| Oct 20, 2022 | 102.00 | 101.00 | +1.00 |
| Sep 22, 2022 | 102.00 | 101.00 | +1.00 |
| Aug 25, 2022 | 103.00 | 100.00 | +3.00 |
| Jul 21, 2022 | 103.00 | 102.00 | +1.00 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jun 23, 2026 | 94 | 94 | 0 ↓ |
| May 22, 2026 | 94 | 93 | -1 ↓ |
