The article examines seven indicators to predict industrial production in the Euro area. Different tests were used to compare the accuracy of these indicators in forecasting. The study found that no single indicator is always the best choice. The European Commission's business climate indicator and the OECD composite leading indicator work well for short-term forecasts, while the OECD composite leading indicator is very effective for medium-term forecasts. The FAZ-Euro indicator from the Frankfurter Allgemeine Zeitung outperforms other indicators for long-term forecasts.