Industrial Confidence Indicator evaluates economic expectations of EU manufacturing sector enterprises. It is based on surveys of the industry representatives. Unlike the Business Climate Indicator, it considers three parameters instead of five: total number of orders as well as production volumes now and after 3 months. Season fluctuations are considered in the calculations.
The indicator is used to assess the condition of the industrial sector.
The chart of the entire available history of the "European Union Industrial Confidence 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.