Description

The index represents business optimism in production sphere of the national economy. It is calculated based on the interviews of management positions representatives in Germany, France, Ireland, Italy and Spain. The 50 points indicator’s mark shows that over the accounting period the services sector neither expanded nor reduced. Exceeding the level mark means the sector growth. The indicator level below the 50 points mark means the decreased sector activities. Since more than 60% of GDP is contributed by services sector, this index is of lower significance than a similar one for the services sector.

Effect of market

The index has a significant influence over the market in general and Euro in particular. Index growth or the actual value rise, exceeding the forecast is a positive sign for the common currency.