Business Climate Indicator (BCI) evaluates development conditions of the manufacturing sector in the euro area every month. The indicator is based on factor analysis involving surveys among the leading industry representatives. The answers characterize industry trends, number of orders, export parameters, inventory and estimated production volumes.
The chart of the entire available history of the "European Union Business Climate Indicator" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.