Eurocoin rose to 0.68 in January from 0.59 in December, confirming the recovery under way since July 2016.
The indicator was boosted by the increase in share prices and by firms, especially manufacturing firms,favourable judgments on their current business activity, as well as by the positive performance of industrial production.
The eurocoin indicator developed by the Bank of Italy provides a summary index of the current economic situation in the euro area. The indicator is an estimate of quarterly GDP growth shorn of the most erratic components (seasonal variations, measurement errors and short-run volatility). eurocoin is published monthly by the Bank of Italy and CEPR.
Next eurocoin release dates: Friday 24 February and Friday 31 March (preliminary).
(By Centre for Economic Policy Research)
A single purchase
