Tuesday, 30 October 2012

Banca D'Italia: €-coin continues to stagnate in October at a negative level

Banca D'Italia, Italy's central bank, reports,
€-coin continues to stagnate in October at a negative level
  • In October €-coin was at -0.29 % (-0.32% in September).
  • The deeper pessimism recorded by the surveys largely offset the positive contribution arising from recent developments in manufacturing.

The €-coin index continues to paint a bad picture for the euro area economy as it remains at around the lowest level reported since 2009. For more on the €-coin index as a forecasting tool of euro area GDP read this.

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