Saturday, January 06, 2007

Forex News: 05.01.2007 Business climate indicator rose by 1.6 points in the euro area in December

The business climate indicator was in the euro area 1.6 points in December, compared with 1.55 points in November, the European Commission said today. Thus, the index of business climate achieved its record maximum in December.

It is important to note that the index was above analysts’ expectations, who forecasted its drop by 1.54 points.

The component of consumer confidence rose to -6 points in December, from -7 points in November.

Economic expectations in manufacturing and services sectors did not change. The indexes were +6 points and +19 points respectively.


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