The Business Climate Indicator (BCI) for the euro area rose for the seventh successive month in November, said the European Commission (EC) in its latest update, but as it stood at such a low base the economic sentiment metric is only now turning positive for the first time since March 2012.
The EC BCI measurement rose by 0.26 points in November 2013 as the European Union’s executive arm released its latest end of month figures today.
The assessments of past production, the level of overall order books and export order books improved sharply across the euro area, added the EC, as it sought to paint an upbeat recovery message following the previous trails and tribulations of the eurozone crisis.
Production expectations increased in the November measurements, although to a lesser degree as the spare economic capacity is filled during a slow country-specific recovery process, with Greece and other hard hit countries still struggling, while mainly northern European countries lead the recovery.
The survey of a cross-selection of eurozone senior business managers also revealed that stocks of finished products remain broadly unchanged. The next BCI results for the traditionally busy Christmas period during December are due to be published on 9 January 2014.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more