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- Eurozone business climate worsens marginally in November
Eurozone business climate worsens marginally in November
The European
Commission (EC) reported on Thursday the Eurozone’s Business Climate Indicator
(BCI) edged down 0.03 points to -0.23 in November from a revised -0.20 in
October (originally -0.19). Economists had forecast the indicator to increase
to -0.14.
While managers’
assessments of overall order books and, in particular, past production
deteriorated, their production expectations and assessments of the stocks of
finished products improved, the report said. At the same time, managers’
assessment of their export order books remained broadly stable.
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