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Business Climate Indicator for the euro area picks up

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In July, the Business Climate Indicator (BCI) for the euro area picked up after the pause observed in June. The improvement in the indicator suggests that economic activity in industry 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 trend observed in recent months. [more]

 

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