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Macroeconomics  |  August 30, 2012 12:53:00

Business confidence for the first time since February in the euro area improved

Business confidence in the euro area improved for the first time since February, said the latest survey by the European Commission. Monitored indicator in August unexpectedly slowed down from -1.27 points to -1.21 points, despite stabilization BCI index is the weakest since October 2009. In the same period a year ago, moved to +0.09 points. Majority consensus on expected deterioration -1.30 points. Managers of enterprises evaluated positively current production, export orders and adequacy of inventories of finished goods and leave negative rating outlook on the future production and total orders.

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