Press Release: March 2010: Business Climate Indicator further improves

In March 2010, the Business Climate Indicator (BCI) for the euro area improved further - marking one year of uninterrupted recovery. The rebound of the indicator suggests that economic activity in the industry sector will continue to recover in the coming months, although it has still some way to go to reach its pre-crisis level. Managers in industry were upbeat about their order books and production expectations. They were even more positive about their export order books and production trend observed in recent months. Regarding stocks, they thought that the level was lower than desirable.