Business Confidence

Business Confidence Indicator measures the state of the businesses and its coming prospects. It is based on a questionnaire filled by companies and it measures production trends, order books, inventories, backlog etc. The indicator is positively correlated with business activity. This metric is reported on a monthly basis by European Commission.

 Euro Area Business Confidence

In Jun 2017 the indicator increased to 1.15 from 0.9 the previous month representing a change of +24.4%. The figure also surpassed the consensus by 22%. This figure was at its historical lows -3.89 in 2009 and at its highs of 1.53 in 2007.