Eurozone Business Climate Indicator continued to decline in July; Economic Sentiment Indicator also fell sharply in both the EU and the Eurozone
Jul 30th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Business Climate Indicator (BCI) for the Eurozone continued to decline and now stands below its long-term average. The low level of the indicator suggests that economic activity in industry, which saw a fall in production in May, remains subdued. The Economic Sentiment Indicator (ESI) fell sharply in both the EU and the Eurozone.