Saturday, 29 June 2013

Banca D'Italia €-Coin Index Drops Further in June

Banca D'Italia reports,
  • The €-coin indicator fell slightly in June for the second straight month, to -0.18% from -0.15% in May.
  • The deterioration was due to the tensions that affected the financial markets, which were only partly offset by improvement in the results of the household and business opinion surveys and in industrial production in April.
As the €-Coin index is a forecast/estimate of percentage change in GDP, the current reading indicates no immediate improvement in GDP for the euro area.

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