Eurozone Business Climate Indicator continued to decline in August; Economic Sentiment Indicator in EU fell to lowest level since December 1993
Aug 29th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Commission said today that after a fall below its long-term average in July, the Business Climate Indicator (BCI) for the Eurozone decreased again in August. The low level of the indicator suggests that industrial activity remains subdued. The Economic Sentiment Indicator (ESI) fell in both the Eurozone and EU.