Bank of Italy growth indicator ticks up
Indicator shows eurozone’s ‘positive trend’ continuing
The Bank of Italy's Eurocoin indicator rose for the third month in a row to 0.48, reaching its highest level in the past year. It was 0.16 in January 2015.
The Italian central bank describes Eurocoin as a monthly "summary index" of the eurozone's estimated quarter-on-quarter GDP growth without "the most erratic components": seasonal variations, measurement errors and short-run volatility. The Eurocoin index is "timely", the bank notes, leading the official Eurostat GDP growth figures by "several
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