AROMETER OF THE CLUB OF MAIN EUROPEAN CCIs

B

Q1) During the last six months, economic activity in your metropole has:

Q2) During the next six months, economic activity in your metropole would:


Q3) During the last six months, the main engine of economic activity in your metropole has been:

Q4) During the next six months, the main economic activity in your metropole would be supported by:


Q5) During the last six months, the relations between banks and firms has:

Q6) Fiscal policy stance in 2011 in your country are:

Q7) The recent evolution of the euro has:

Q8) What would make you optimisticfor 2014?

Name of the Chamber :
Chambre de commerce et d'industrie de Lyon / Almost all economic indicators are "turning green": employment, investments, order entries companies, exports
Chamber of Commerce of the Grand-Duchy of Luxembourg / Exports / Sortie ression zone Euro
Madrid Chamber of Commerce and Industry / - The fiscal consolidation - The predictable practical effects of the structural reforms taken or scheduled by the Spanish Government - The evolution of the foreign trade
IHK für München und Oberbayern / no escalation of the debt crisis in the Eurozone
Frankfurt am Main Chamber of Commerce and Industry / The last positive economic signals from several countries affected by the recent debt crisis in the Eurozone.
Beci Brussels / No That much
Barcelone / Dynamism in international trade
Paris - Île-de-France / ?
Amsterdam Chamber of Commerce / Growth of the German economy with impact on the Dutch export European economic recovery Reshoring manufacturing activities
Istanbul Chamber of Commerce / Strong Banking Sector; Strong Public Finance (low debt and budget deficit)
Turin Chamber of Commerce / A moderate improvement of the economic situation in Europe.
Frankfurt am Main Chamber of Commerce and Industry / The last positive economic signals from several countries affected by the recent crisis in the Eurozone.
London / Greater exports.
CCI Berlin / Our current survey on Berlin's economic situation shows increased optimism in most industries. Compared to six months ago more companies plan to expand their capital spendings and their workforce.
Milan / - Indicators of business confidence turned positive - entrepreneurial vitality (high number of new businesses) - the end of recession in the Euro area
Athens Chamber Of Commerce & Industry / If markets continue to invest heavily in warrants on Greek bank shares, fuelling a recovery on the Athens stock exchange and if Greece will have a budget surplus before interest costs in 2013

Q9) What would make you pessimistic for 2014?

Name of the Chamber : /
Chambre de commerce et d'industrie de Lyon / Local political demonstrations and postures since municipal and regional elections will take place in 2014 and early 2015
Chamber of Commerce of the Grand-Duchy of Luxembourg / Essoufflement ; croissance pays en transition / développements fiscaux aux USA
Madrid Chamber of Commerce and Industry / - The high rate of unemployment (26,26% at national level; 19,52% in Madrid)
- The weakness of the domestic demand
- The high level of the public debt (96,8% of GDP, according to the Spanish Government's forecast)
IHK für München und Oberbayern / escalation of the debt crisis in the Eurozone
Frankfurt am Main Chamber of Commerce and Industry / That no sustainable solution for the debt crisis in the Eurozone has been found until now.
Beci Brussels / We fear an increase in unemployment and a restriction in demand from the public sector
Barcelone / fiscal problems in USA
Paris - Île-de-France / France Budget for FY14
Amsterdam Chamber of Commerce / Current situation of the emerging markets (India, China) Uncertainty politcal situation and governance USA (shutdown)
Istanbul Chamber of Commerce / FED's new monetary policy; tension in the Middle East
Turin Chamber of Commerce / The political situation in Italy
Frankfurt am Main Chamber of Commerce and Industry / There are still important decisions for a sustainable solution of the debt crisis in the Eurozone to make. To make sure that the economic activity isn't affected by there implementation, a lot of cautiousness is needed.
London / Lack of clear aviation policy.
CCI Berlin / Most of the problems causing the current crisis have not been solved yet. The reform process will take longer time than expected and in some countries political obstruction against the reforms is gaining power and support. The BRIC countries are facing structural shortfalls in their economic and political systems that they hesitate to deal with.
Milan / - Weakness of domestic demand, which could be aggravated by VAT increase
- Youth employment - slight decrease of export because of the slowdown in some emerging countries
Athens Chamber Of Commerce & Industry / If the "Troika" continues the pressures and the government adopts further austerity measures

Q10) Do you have any other comments to make?

Name of the Chamber: / Do you have any other comments to make ?
Amsterdam Chamber of Commerce / No, thank you
Paris - Île-de-France / No
Istanbul Chamber of Commerce / No, thanks
London / Look forward to seeing you in London !
CCI Berlin / The European business-climate indicators have stopped to decrease, even some slight upward-dynamics can be seen. This may result from both the central bank policies to allay the financial markets and from the ongoing reform process in most of the European economies.
Barcelone / no
Athens Chamber Of Commerce & Industry / It is of paramount importance that the new German government takes the initiative to bring to the discussion floor on an EU level, a proposal of a new overall policy which will enhance “growth” and restrict austerity measures, so as to begin to alleviate the “social bomb” of unemployment which is embedded on the foundations of the E.U.A. change of steering in the EU economic policy is seen as absolutely necessary by all participants in the European South.