(Finance) – In the month of May Eurocoins it decreased slightly, to 0.18 from 0.26 in April, although it continued to signal the recovery of activity in the euro area.
He makes it known Bank of Italy underlining that the indicator “continues to be affected by the ongoing weakness of manufacturing but it is supported by the improvement of consumer confidence and short-term service indicators.
Eurocoin – developed by the Bank of Italy – provides a real-time synthetic estimate of the current economic situation in the euro area, expressing this indication in terms of the quarterly growth rate of GDP stripped of the most erratic components (seasonality, measurement errors and short-term volatility). It is published monthly by the Bank of Italy and the CEPR.