4 April 2001, 14:03 EMU SNAP: BUSINESS CONFIDENCE INDICATOR PLUNGES IN MARCH
Mar Result: +0.59
Feb Result: +0.97
Jan Result: +0.98
Dec Result: +1.23
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FRANKFURT (MktNews) - The European Commission's Business Climate
Indicator (BCI) "decreased markedly" in March to its lowest level since
November 1999, the Commission said Wednesday.
The March index is now less than half its level last December and
well below its recent peak of +1.73 in June last year.
"While the decline indicates a deterioration in the confidence of
industrial firms, the indicator is still in line with industrial
production that is hovering above its 1986-2000 average," the
Commissions aid.
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