4 July 2001, 14:02 Euro zone June business climate indicator minus 0.02 vs plus 0.06 in May
BRUSSELS (AFX) - The euro zone's business climate indicator fell to
minus 0.02 in June, from plus 0.06 in May, and against plus 1.75 a year
earlier, said the European Commission.
The fall is the first negative figure for the indicator in the last
two years, pointing to a further deteriorating confidence of industrial
firms, it said.
"If the business climate indicator remains at this level, growth in
industrial production would remain below its 1986-2000 average, but
still consistent with positive albeit modest growth," it said.
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