Press Release: September 2010: Business Climate Indicator for the euro area edges up further

In September, the Business Climate Indicator (BCI) for the euro area registered a modest gain. The level of the indicator suggests that economic activity in industry will continue to recover in the coming months. The indicator now stands at its highest level since December 2007. Managers in industry were more optimistic about their production and employment expectations as well as the level of their order books; in particular they were upbeat about their export order books. Managers' assessment of production observed in recent months and of their stocks of finished products remained broadly unchanged.