BRUSSELS (AFX) - The euro zone's May business climate indicator fell to 0.06 from 0.36 in April and compared with 1.17 a year earlier, the European Commission said.
"With the exception of a near stabilisation in February, the indicator has been decreasing continuously since the beginning of the year indicating a steady deterioration of business confidence in the euro area.
"The indicator remains, at this stage, above the trough reached during the 1998-99 slowdown but it is consistent with a further slowdown of growth in industrial production to its 1986-2000 average," it said.