6 June 2001, 14:08 Euro Zone May business climate indicator 0.06 vs 0.36 in April
BRUSSELS (AFX) - The euro zone's May business climate indicator
fell to 0.06 from 0.36 in April and compared with 1.17 a year earlier,
the European Commission said.
"With the exception of a near stabilisation in February, the
indicator has been decreasing continuously since the beginning of the
year indicating a steady deterioration of business confidence in the
euro area.
"The indicator remains, at this stage, above the trough reached
during the 1998-99 slowdown but it is consistent with a further
slowdown of growth in industrial production to its 1986-2000 average,"
it said.
© 1999-2024 Forex EuroClub
All rights reserved